When You Can’t Afford Your Payments
Even if you aren’t having trouble affording your payments right now, life is unpredictable, so it’s always wise to know what your options are in the event that you need some extra help. If you are having trouble making your monthly payments, or you anticipate that you will have trouble in the near future, contacting your loan servicer to see what your options are should be your first step. You may be eligible for a period of deferment or forbearance which can help you through a time of difficulty, and prevent your loan from sliding into delinquent or default status.
Note: Only federal student loans are eligible for these benefits. If you have a private student loan and are having trouble making your payments, contact your lender to find out what your options are.Big Boss vote
Even if you aren’t having trouble affording your payments right now, life is unpredictable, so it’s always wise to know what your options are in the event that you need some extra help. If you are having trouble making your monthly payments, or you anticipate that you will have trouble in the near future, contacting your loan servicer to see what your options are should be your first step. You may be eligible for a period of deferment or forbearance which can help you through a time of difficulty, and prevent your loan from sliding into delinquent or default status.
Note: Only federal student loans are eligible for these benefits. If you have a private student loan and are having trouble making your payments, contact your lender to find out what your options are.Big Boss vote
