Private student loans are not obligated to offer any sort of alternative payment plans like government backed loans do. (getoutofdebt.org)
As with other loans, it's best to determine with your loan servicer whether there are alternative payment plans before accepting loan default. (valuepenguin.com)
Many colleges and universities offer alternative payment plan options, so instead of being hit with a hefty bill once every semester, you can make payments quarterly or even monthly. (protective.com)