Repayment of Student Loans

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Repaying your students loans is a very important responsibility for any borrower. Those students who utilized loans for their education are required to repay them back to the Department of Education. Failure to do so will result in consequences that can be harmful to your career and financial future. Information on the page is designed to help student repay their loans and stay out of DEFAULT.

Defaulting on their loans result in severe consequences:

• Florida Administrative Code Section 456.072 states that failure to repay a student loan issued or guaranteed by the state or the Federal Government in accordance with the terms, and the minimum disciplinary action imposed shall be a suspension of the professional license until new payment terms are agreed upon.
• Loss of your federal income fax refunds (including any stimulus checks)
• Legal action against you
• Collection charges (including attorney fees) being assessed against you
• Loss of your eligibility of other federal student aid
• Loss of your eligibility for loan deferments
• Negative credit reports to credit bureaus
• Employer having to withholding part of your wages to give them to the Department of Education (Wage Garnishment)