If you don’t pay the total balance due or make other arrangements after 90 days, your servicer may report your delinquency to the credit agencies. That delinquency can stay on your credit report for up to seven years, potentially impacting your ability to qualify for mortgages, credit cards and more.
You’re saying students will have bad credit and can’t buy a house? How exactly is that any different than paying nothing to these child predators?