Student loan debt is a significant issue for many, with nearly 4 million Texans affected. Ignoring the problem may seem like an easy solution, but it could lead to damaged credit, default, and collections. A student loan expert warns that doing nothing could result in years of additional payments. The federal student loan system is undergoing major changes, creating new repayment and borrowing rules.

Further details are available on the impact of these changes and the potential consequences of ignoring student loan debt.

The expert's warning highlights the importance of navigating the rapidly changing repayment system to avoid costly outcomes.