What goes on If You Don’t Pay Figuratively Speaking? Education loan financial obligation has now reached an all-time high and grads are dealing with an uphill battle to pay it down. Borrowers are increasingly finding themselves pinched for money. Being a total outcome, default prices have actually spiked in the past few years. The government has stepped up its efforts to produce repaying student loans easier by providing income-based choices but they’re perhaps not a perfect solution.