Skip to main content

What happens if I missed a Student Loan payment?

Missing a student loan payment? Here’s what happens and why it matters.

Updated over 2 months ago

The day after you miss a payment, your loan becomes delinquent. It stays that way until:

  • You make the missed payment

  • Or set up a new plan (like deferment, forbearance, or income-based repayment)

If your loan is 90+ days delinquent, your servicer may report it to the credit bureaus—which can hurt your credit score.

If it goes on too long, your loan can move into default, which comes with bigger consequences like wage garnishment and legal action.


⚠️ What Delinquency Can Affect:

Delinquency and default can make it harder or more expensive to:

  • Get credit cards

  • Qualify for a car or home loan

  • Rent an apartment (landlords often check credit)

  • Set up utilities or a phone plan

  • Get decent rates on insurance


💡 Tip: If you're struggling to keep up, don’t wait. Relief can help you explore better repayment options before things get worse.

Did this answer your question?