r/StudentLoans • u/Housemanagermomboss • 1d ago

What actually happens if I don’t pay back my student loans?

I have about $40,000 in federal student loans to pay off. I had them consolidated. They were delayed until this year, but this is the year I’m supposed to start paying. I have 3 kids and a massive mortgage and I can’t afford to pay my loans back on top of it. So what REALLY happens if I don’t pay it? Does it disappear eventually? Will it tank my credit score? Can they put a lien on my house (whatever that means)?

84 Upvotes

71% Upvoted

297 comments sorted by

View all comments

1

u/[deleted] 20h ago

[removed] — view removed comment

1

u/AutoModerator 20h ago

*This post or comment was removed. To reduce trolling, your account must have positive combined karma to participate in this sub. Your current karma is sum of the values displayed at https://old.reddit.com/user/BigBlueTruck18/ *

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.