How do I know if I have FFELP loans? If you took out federal student loans for the 2009-2010 academic year or earlier, they are likely FFELP loans. To check, log into your studentaid.gov account. Under the “Loan Breakdown” section of your dashboard, select “View Loans.” FFELP ...
What type of loan do I have?If you have a loan that likely won’t accrue interest during deferment, such as a federallysubsidizedor Perkins loan, deferment may be right for you. But if you have an unsubsidized, private or other type of loan that continues accruing interest, it’s worth...
RELATED: Student loan forgiveness | What is a Pell grant and how will Biden's program impact recipients? Under Biden’s plan, PELL grant recipients will have up to $20,000 in student loan debt erased. What kind of loan do I have? If you’re still not sure what kind of l...
Also make sure that you set yourself up for success when it comes to planning for your student loan payments. This can mean starting a monthly budget that helps you plan for each of your bills and your average expenses, but it can also mean cutting discretionary spending so you have more ...
What if my child doesn't need 529 plan funds? You can change the beneficiary on your 529 plan if your child chooses not to attend a qualifying school and you may have other options if your child gets a scholarship. Under most circumstances, you’ll incur a 10% penalty if you use 529...
You must make other plans for repaying your student debt if you were counting on plan B relief. President Donald Trump administration is likely to be less lenient toward student loan borrowers, and it may roll back affordable repayment plans or other forgiveness programs. » MORE: How...
2. This financial situation will, most likely, continue for a majority of your student loan repayment period. 3. You have made good faith efforts to try to repay your student loans before filing for bankruptcy. READ: How to Resolve a Student Loan Dispute. How Do I Start the Bankruptcy Fil...
Bear in mind that your studentloan servicerhandles the repayment of your federal student loans, so you'll have to work with your servicer to enroll in a repayment plan or change your current one.You can usually do this online at the servicer’s website. You can also visitFederal Student...
Getting financial counseling and assistance might help you create a personalized debt repayment plan. Managing student loans can be overwhelming, especially when life throws unexpected challenges your way. One option for borrowers facing financial strain is student loan deferment. ...
And if you were previously on anautopayplan where your payment gets automatically withdrawn from your bank account each month, you should contact your loan servicer to make sure your payment details are still confirmed. And if you haven't previously been using autopay, you might consider it if...