This would entail a delay in the adoption of a new package of spending cuts, which in turn will mean that the next installment of the loan, due in August and worth up to 29 billion euros, will also be set back.

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Paired with that would be a prohibition on a mortgage lender from declaring a loan in default if an installment plan has been obtained.

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Credit scores treat student loan debt just like any other installment debt (and make no distinction between federal and private loans).

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