I have about $14,000 left in student debt from my master's, and the payments are due on the 20th of every month.In the most perfect example of "if you owe the bank a thousand dollars, you have a problem; if you owe the bank a billion dollars, they have a problem", if I were to be late on a payment, it would be flagged on a credit report, and I would receive a reminder text, email, and phone call.