are you a recent college graduate or haven't been paying attention to your student loans because of the payment pause as a recent grad myself I know there's a good chance you might not have any idea how to best manage your loans or have just been ignoring them entirely the on rant period may have protected you from the negative consequences of Mis payments but that will soon end on September 30th beginning October 1st the grace period ends and continued Mis payments can result in harm to your credit score eventually defaulting and involuntary collections on your tax refunds wages and other sources of income why would you want to start your life on such a bad note there are options out there that can help you like income driven repayment plans which can lower your monthly payments based on your income there are even forgiveness and discharge programs that you may be eligible for please don't put this off any longer there are a lot of misconceptions and myths out there about student loans one is that you can just ignore them forever without any consequences the truth is that federal student loans have no statute of limitations this means that the government can come after you for the debt you owe forever so beyond collections activities and against your tax refunds and wages the government can even offset your social security income in retirement until you die and these collections aren't like other private debt collections activities the government can actually garnish your wages intercept your tax refunds or offset your benefits without taking you to court I'll be exploring more myths and misconceptions in another video reach out and schedule a free session with ecap to explore all your options and get on the right track visit us online to learn more