Many students today are not aware of the loan process, and the huge of amount of problems student default may cause for future endeavors. It is very important as a borrower that you educate yourself about student loans, and the processes in place to help with having repayment success. There are many forms of repayment in which are listed below.
Affordable Repayment Plans
Federal student loans offer several flexible repayment plans:
These options are available, in which by contacting your lender they will be able to help you understand which plan would be a better fit for you and your current financial situation. I would strongly urge borrowers to contact the lender upon graduating, or after they have decided to discontinue their educational process. Below you will find a list of potential lenders along with their contact information:
Students can also visit www.nslds.ed.gov, in which they can do a Financial Aid Review to find out information about their loans as well as the lender who holds the loan.