Borrowers with debt may face severe consequences if they fail to address their loans. Damaged credit and default are possible outcomes. A student loan expert warns that inaction could lead to years of extra payments.

Major changes to the federal loan system are underway, affecting both new and existing borrowers. This expert's warning highlights the importance of being informed about these changes. Further information is available about the impact of these changes and the number of people affected by student loan debt in Texas.