Default occurs if your loan payment is 270 days late. It is never a good idea to default on a student loan. Your credit may be harmed. You may have difficulty renting an apartment or purchasing a car. Some employers check your credit before hiring. You can be sued in civil court for non-payment. Depending on the type of loan, up to 25% of your wages can be garnished and federal or state tax refunds may be intercepted for payment. There are a number of options available to prevent default. Contact us to determine which payment option would work best for you. In the event you default on your BND student loan, you will be contacted by Student Loans of North Dakota (SLND). SLND is the loan guarantor and serves borrowers in BND’s loan guarantee portfolio. Its role is to assist borrowers who have defaulted on their BND student loans and are unable to make payments.