Sallie Mae private loans

[nc73]

So when does it go into default? I hear 180 days? Well mine says I am 696 days late, but the online status says deliquent, and not default. What's the deal?

[backtoschool]

Govt backed loans and govt subsidized private loans (like Sallie Mae) go into default at 270 days late.

[nc73]

this would be unsubsidized..still haven't heard back from them yet on the exact status

[backtoschool]

this would be unsubsidized..still haven't heard back from them yet on the exact status

Sallie Mae still gets some money from the govt even for their private loans, so default is most likely 270 days.