If you stop paying on a loan, you eventually default on that loan. The result: You’ll owe more money as penalties, fees, and interest charges build up on your account. Your credit scores will also fall.

You have 30 calendar days to accept your private student loan offer. For loan offers approved with a cosigner, you and your cosigner both must accept the loan offer within 30 calendar days.

Are there any downsides to filing for unemployment?

You must pay federal taxes on unemployment benefits and sometimes state taxes, too. The benefits are considered taxable income. Read More >