Over 9 million student loan borrowers are delinquent. Learn how missed payments hurt credit scores and may trigger wage garnishment or loan default.

Student loans are a major financial commitment and not just because of the long road to repayment. They can also have a bearing on your credit score — and by extension, your overall financial health and borrowing capability.

Missed student loan payments are now influencing credit scores for the first time in five years. More than 9 million student loan borrowers are expected to see their credit standing significantly diminish in the first quarter of the year because of it,