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If you’ve ever worried about defaulting on your student loans, you’re not alone.

With the average 2016 college grad in debt to the tune of $37,172 and chronically stagnant wages for new graduates, it’s no surprise so many people find themselves concerned about keeping up with monthly payments.

In a perfect world, you'd be able to make your student loan payments on time every month. In fact, you'd pay extra. 

But in reality, all of us can find ourselves with less cash than we need to pay the bills. If you've been struggling for long enough that your student loans are in default, you're probably looking for a way to get back into compliance with the terms of your repayment plan. Student loan rehabilitation may be your answer.

Have you faced a financial hardship lately that’s preventing you from making payments on your student loan?

If you’re struggling to stay current on your monthly payment  or you’ve fallen several months behind, forbearance and deferment are two terms you need to know more about.