"Delinquencies on a private student loan are considered a default usually around 120 days, and at that point, the entire amount may become due. While repercussions can be stringent after federal loan default, private loan servicers may file collections lawsuits that have the potential to turn into default judgments if not handled in a timely—or correct—fashion."

Read the entire article on the official Fitzgerald & Campbell, APLC blog.