This section of our website is designed to give you as much information as possible about the repayment of your student loans. It is critical that you be aware of your loan payments and due dates in order to establish a good credit history for yourself. A solid credit report will be very beneficial to you one day.
If you do not repay your student loans according to the terms of your loan promissory note, you will be considered in default. 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 your loan
- you could be sued, have your wages garnished, or tax refunds seized
- credit rating suffers
Default is preventable and we can help. https://studentaid.gov/manage-loans/default