Do not ignore your loans if you’re having trouble making payments. The government offers several options that can help keep your loans in good standing, even if your finances are tight.
3 Ways You Can Keep on Track With Loan Payments
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If the options above don’t work for you and you simply can’t make any payments right now, you might be eligible to postpone your payments through a deferment or forbearance. However, depending on the type of loan you have, interest may still accrue (accumulate) on your loan during the time you’re not making payments.
How to Manage Your Student Loans” Video
Check out this video to learn more about changing repayment plans, postponing or reducing your payments, or combining your federal student loans. 2.
Be sure and check out my most recent post relating to how the coronavirus has impacted student loans.
###Larry Marvin
LifeCrafter- Money $ense
[divider style=”1″]Beware: Private companies may contact you with offers to help you with your student loans for a fee. Remember, you never have to pay for help with your student loans. The U.S. Department of Education and their loan servicers for free help. Learn more about avoiding paying for help with your student loans. |