Master Student Loan Repayments with This Ultimate Guide
Managing Repayment Challenges
Life events such as job loss or unexpected expenses can impact your ability to make loan payments. In such cases, deferment or forbearance might be options to consider. These temporary relief measures allow you to pause or reduce payments without going into default, though interest may continue to accrue4.
It's important to communicate with your loan servicer if you're facing financial hardship. They can provide guidance on available options and help you avoid the negative consequences of missed payments.
By understanding and leveraging the various repayment strategies and resources available, you can take control of your student loan debt and work towards a more secure financial future. Follow the options and explore the possibilities that align with your goals, setting yourself on a path to financial success.