Sentences with phrase «for alternative repayment plans»

They also provide an opportunity for alternative repayment plans, making monthly payments more manageable.

If you have a high debt load, it is usually a safer bet to keep your federal loans, along with the option to apply for alternative repayment plans if needed.

They also provide an opportunity for alternative repayment plans, making monthly payments more manageable.

Signing up for an alternative repayment plan or entering a temporary forbearance can prevent more serious issues from occurring later on.

Please conduct a review of my account to determine whether I am eligible for an alternative repayment plan.

To qualify for an alternative repayment plan, a borrower must show that the terms and conditions of the other available repayment plans are not adequate to accommodate the borrower's exceptional circumstances.

If you find yourself having trouble managing your debts in Hawaii, the first step you should take is contact your creditors and ask for an alternative repayment plan that's convenient for you.

Not exact matches

Bank financing is still out of the question, but alternative lenders will often extend a loan to borrowers if they are on a repayment plan for a lien.

IDR plans are an alternative to the Standard 10 - year Repayment Plan, which is the default for federal student loans.

Some private lenders will allow for repayment plans similar to what the government offers, but keep in mind that, unlike for federal loans, they're not obligated to offer any breaks or alternative payment options.

If you've already got a mortgage and you're having trouble keeping up with payments, the FTC outlines various repayment strategies you can pursue, including applying for a loan modification under the Making Home Affordable Modification Program, as well as other alternatives to default and foreclosure, such as reinstatement and repayment plans.

There are four main repayment plans for Federal education loans, consisting of Standard Repayment and three alterepayment plans for Federal education loans, consisting of Standard Repayment and three alteRepayment and three alternatives.

For now, there is no standard definition of «exceptional circumstances» to get an alternative repayment plan.

«Direct Loan Alternative» is another type of repayment plan for Direct Loan borrowers only.

Some private lenders will allow for repayment plans similar to what the government offers, but keep in mind that, unlike for federal loans, they're not obligated to offer any breaks or alternative payment options.

Note: Borrowers will be disqualified from this benefit for using an economic hardship deferment or bankruptcy forbearance to temporarily stop making payments or for using an alternative repayment plan.

For example, for the issue of Navient putting people into forbearance when it was not in their best interest, Navient says, «Here, the alleged injury — borrowers entering forbearance without considering alternative repayment plans — was entirely «avoidable» because federally mandated notices and other disclosures provided borrowers with the necessary information to make a «free and informed choice» regarding forbearance and alternative repayment options.&raqFor example, for the issue of Navient putting people into forbearance when it was not in their best interest, Navient says, «Here, the alleged injury — borrowers entering forbearance without considering alternative repayment plans — was entirely «avoidable» because federally mandated notices and other disclosures provided borrowers with the necessary information to make a «free and informed choice» regarding forbearance and alternative repayment options.&raqfor the issue of Navient putting people into forbearance when it was not in their best interest, Navient says, «Here, the alleged injury — borrowers entering forbearance without considering alternative repayment plans — was entirely «avoidable» because federally mandated notices and other disclosures provided borrowers with the necessary information to make a «free and informed choice» regarding forbearance and alternative repayment options.»

Under the second alternative, all borrowers for graduate school in an IDR plan would eventually pay more than they would otherwise, and more of those borrowers would completely pay off their debt before the end of the repayment period.

Some federal loans require consolidation to be eligible for alternative federal repayment plans.

You may choose to leave the alternative repayment plan and repay under any other repayment plan for which you are eligible.

Weighing of alternative options — Apart from devising a suitable repayment plan for you, these debt consultants will advise you to opt for different other debt relief programs, if they find that debt consolidation is not an apt option for you.

For many people, the least expensive bankruptcy alternative is to contact your creditors and work out a repayment plan.

If you would like to explore a different repayment plan for your alternative (private) loans, contact us to discuss the options available to you.

These options can provide a better alternative to the Standard (10 Year) Repayment Plan that is typically implemented for federal student loans.

For those who are struggling to repay their federal student loans, there are alternative repayment plans available.