Not exact matches
If you took out federal student loans rather than private student loans, then you
've set yourself up nicely to
have the best
repayment options available.
In addition, federal student loans
have flexible
repayment options, like Income - Driven Repayment and certain deferment or forbearance options, that might not be available when you refinance with a private studen
repayment options, like Income - Driven
Repayment and certain deferment or forbearance options, that might not be available when you refinance with a private studen
Repayment and certain deferment or forbearance
options, that might not be
available when you refinance with a private student lender.
If you find that you are
having trouble paying for your student loans, you should speak with your loan service provider to discuss other
repayment options that may be
available to you.
(The Consumer Financial Protection Bureau
has borrower information and a
repayment - assistance tool on its website where you can find out what kind of loan you
have and what
repayment options might be
available.)
Change your
repayment plan: When it comes to paying back federal student loans, you
have many
options available to you.
Federal student loans are the clear winner here — they are
available,
have interest rates that are better geared to college students who are new to credit, a six - month grace period and deferment
options, flexible
repayment options, and other benefits and protections.
Students who borrow from the federal government
have a wide variety of
options available to them when it comes time to repay; in fact, one part of the StudentAid website is dedicated solely to outlining payment plans and explaining to borrowers how to choose a
repayment plan that best fits their needs.
Private loans usually don't offer income - driven
repayment plans, but they may
have deferment or forbearance
options available.
Also, you may
have different
repayment options available to you, depending on the types of loans you
have.
You never know what is
available to you that can lower your interest rates or shorten your
repayment plan until you
have exhausted all your
options.
Though the standard
repayment plan for federal student loans is 10 years (or 120 payments), you
have a lot of income - based
repayment options available to you if you find yourself struggling to make payments.
Since federal student loans
have many benefits not
available in private student loans, refinancing or consolidating them with a private loan will eliminate those benefits — like income - based
repayment options.
In many cases, particularly when addressing issues related to income driven
repayment plans, deferments, forbearance, and loan discharge;
available options are limited by and contingent upon the type of student loan you
have, your promissory note or loan agreement, and applicable laws and regulations.
Student loan forbearance is a loan
repayment option made
available to borrowers
having difficulty making payments towards their loans.
Options such as debt consolidation, income - based
repayment plans and public service loan forgiveness are
available to ease the strain, but borrowers either aren't aware of them or
have become desperate in their search for a way out.
Borrowers will
have various
repayment options available based on the types of loans they
have.
If you
have private student loans, you will need to contact your loan provider to see what kind of
repayment options are
available.
While there are short term loans
available for people who just need a quick fix, long term payday loans and lines of credit are aimed towards consumers who need to
have a longer
repayment period in order to survive without ending up taking up another loan, and another... This
option helps you avoid a cycle of debt over the long term.
The Student Loan Bill of Rights
would require that student loan servicers process loan payments properly and correctly, while also requiring the servicers to hire specialists that can explain to borrowers all of the
repayment options available to them.
Second, federal student loans
have unique
repayment options that aren't
available for private student loans.
If you find that you are
having trouble paying for your student loans, you should speak with your loan service provider to discuss other
repayment options that may be
available to you.
[3] The student lending market currently is marked by a lack of consumer protections or loan modification
options for borrowers who are struggling with their debt or who may not
have a clear understanding of the best
repayment options available to them.
As discussed in the NPRM, we analyzed
available data on the
repayment plans that existing borrowers
have selected and the
repayment patterns of older loan cohorts and considered the
repayment schedule
options available under consolidation loan
repayment rules.
We
have several
repayment options available so you can choose which works best with your budget.
If you
have unmanageable debt, there are a number of
options that may be
available to you that will actually reduce your monthly
repayments to a more realistic and affordable level, stop creditors taking enforcement action against you and protect important assets such as your home.
The Student Loan
Repayment Program (SLRP) is an
option that may be
available to Soldiers and officer candidates (09S) who
have one or more qualifying and disbursed Title IV federal loan (s).
If you
would like to explore a different
repayment plan for your alternative (private) loans, contact us to discuss the
options available to you.
President Trump
has talked about streamlining the many student loan
repayment options currently
available, a proposal that
has bipartisan support.