It is important to repay your student loans, maintaining a good payment history will help with your credit. Students that are having problems paying, there are other options available to you. Those who choose to ignore their obligation and
fail to repay, there account will be submitted to an outside Collection Agency and will be unable to get your transcript, diploma and/or receive financial aid.
Loans that remain in default
may be assigned to the State of New Jersey or the Federal Government who will pursue collection action
indefinitely. State and Federal tax refunds willl be withheld to clear up the defaulted loan.
Navigation