What is NOT a consequence of defaulting on a federal student loan?

The accurate choice highlights that defaulting on a federal student loan does not lead to an inability to vote in federal elections. Voting rights are protected by law and are not affected by an individual's financial status or ability to repay debts.

In contrast, defaulting on a federal student loan can indeed result in various financial repercussions that are directly tied to the management of the loan. For instance, individuals who default may find themselves unable to access future federal financial aid for education, which hampers their ability to pursue further studies. Additionally, defaulting may lead to wage garnishment, where a portion of a borrower’s paycheck is deducted to satisfy the outstanding loan, and the government can withhold tax refunds as a means of debt recovery. Furthermore, defaulting can lead to higher interest rates on new loans, as a borrower's creditworthiness is negatively impacted.