0
If you have fallen behind on student loan payments due to unemployment or health expenses, relief is available. Federal student loan payment assistance programs include consolidation of multiple loans into one affordable payment, as well as income-based repayment (IBR) restructuring of loan payments. An economic hardship deferral is also available which enables a financially distressed borrower to defer paying all or part of her Federal student loan payment for a given period. However, interest still accrues during the deferral period and this is meant only as an emergency measure. These programs only apply to loans that are in good standing.
What else can I help you with?
Where can one go to get help with student loan debt relief?
To get student loan relief an individual should research information on the Student Loan Forgiveness Act.
Is there a student loan payment calculator for all student loans?
Yes, there is usually a student loan payment calculator for most students loans. Some student loan payment calculators can be accessed through the internet.
How do you know if you have a federal student loan?
You can know if you have a federal student loan by checking your loan documents or contacting your loan servicer. Federal student loans are issued by the government and typically have terms and conditions set by federal regulations.
What is the best federal student loan program?
There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.
Can you file bankruptcy for your student loans and keep your house out of it?
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.
What will my student loan payment be?
Your student loan payment will depend on the amount you borrowed, the interest rate, and the repayment term. You can use a loan calculator to estimate your monthly payment based on these factors.
Where can you download a student loan payment calculator?
CNN Money has a free student loan payment calculator available on their page. Wells Fargo also offers a free student loan payment calculator on their page as well.
How accurate is the student loan payment calculator?
The student loan payment calculator is very on point and accurate. You will be able to see how much you can get on your loan and how long you can keep it.
Settle a student loan for less?
{| |- | Freedom Student Loans helps borrowers consolidate Federal student loan debt into one low monthly payment. Freedom Student Loans can also cut the total monthly payments in half and lock in a low interest rate. You can even go for Freedom Debt Relief as their financial advisers negotiate your debt amount and help in reducing your debt levels. |}
How do I know if I have a federal student loan?
You can check if you have a federal student loan by logging into the National Student Loan Data System (NSLDS) website using your FSA ID. This site will show all federal student loans you have borrowed.
How do I know if my student loan is federal?
You can find out if your student loan is federal by checking the National Student Loan Data System (NSLDS) website or contacting your loan servicer. Federal student loans are issued by the government, while private student loans are issued by banks or other financial institutions.
Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?
Yes.
