Delinquency FAQs Click here to learn more!

:: What Happens If I Don't Repay? ::

If you are currently behind on your payments, you are considered delinquent. If you don't work with your lender to get your account up-to-date, you could default on your student loan.

Default occurs when:

At that point, your loan is purchased and can be collected on behalf of the U.S. Department of Education.

Defaulting on your student loan can result in many negative consequences, including:

Ready Set Repay and ECMC are dedicated to helping you manage your student loan debt and can help you develop a customized, successful repayment plan. You can reach one of our specialists at 800.298.9490 to discuss your situation. We're also available via email at

:: Additional Resources ::