What Happens If I Don’t Make a Payment?

MOHELA will attempt to contact you regarding your account to bring it current. We will provide you with information regarding available repayment plans and options to help you lower or postpone your payment. If you make your payment late, you may be charged a fee. The U.S. Department of Education does not assess fees for late payment of Federal Direct Loans. Your delinquency may also be reported to all nationwide consumer reporting agencies.

Note that even if you are enrolled in Auto Debit, if you miss any required manual payment before the automatic withdrawals begin, your account can become past due.

If you don’t make your student loan payment or make your payment late, your loan may eventually default.  See Options to Prevent Default.