Back to Student Accounts and Loans
Former Students
This section of our website is designed to provide as much information as possible about the repayment of student loans. It is critical to be aware of loan payments and due dates in order to establish and maintain a good credit history. A solid credit report is very beneficial.
Non-payment of student loans, according to the terms of the loan promissory note, will result in a loan going into default status. Defaulting on a student loan is a serious matter and may have the following negative consequences:
- a hold on your Trinity College academic transcript
- loss of eligibility for future financial aid and lose deferment
- account transferred to a collection agency and the cost of collection fees will be added to the loan
- Legal proceedings, garnishment of wages, or seizure of tax refunds
- negative credit rating
Default is preventable and we can help. https://studentaid.gov/manage-loans/default