I am a US citizen currently living in the UK and have been for 5 years. I have student loans and around $60,000 and I am finding it difficult to pay my student loans based on income and being so far away.
Living in the UK makes it difficult for me to pay my student loan payments, and my cost of living doesn’t allow me to pay them either. I do not have any plans to move back to the US, but need to know how I can address my loans from this distance. If nothing else, what would happen if I stopped paying my loans?
I hope you can help. Thank you.
Are these federal student loans or private. It makes a difference in my answer. Post the update in the comments section below.