Our Best Answer: What does it mean if my loan is delinquent?

Loan Delinquency

It's important to pay the amount shown on your bill - and to pay by the due date.

The first day after you miss a student loan payment, your loan becomes past due, or delinquent. Your loan account remains delinquent until you repay the past due amount or make other arrangements, such as deferment or forbearance, or change to an Income Driven Repayment plan.

If you are delinquent on your student loan payment for 90 days or more, your student loan servicer will report the delinquency to the three major national credit bureaus. If you continue to be delinquent, your loan can risk going into default. Don?t ignore your student loan payments - defaulting on your loan can have serious consequences. Learn more on how to avoid default.

Note: Credit bureaus may be called "consumer reporting agencies" on the promissory note you signed before receiving your loan.