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Save Money Today on Your Student Loans
If you’re struggling to make your federal student loan payment each month, then you might be looking for ways to make your loans more affordable.
Income-driven repayment plans can help you lower your federal student loan payment by adjusting your payments based on your income.
If you’re working as a teacher, you know the power that comes from making a difference in kids’ lives. But you might also know the anxiety that accompanies high student loan bills on a teacher’s salary.
Even though teacher salaries aren’t on par with other professional fields in the United States, education degrees can be pricey.
If you’re looking for ways to make your student loan payment each month, the last thing you want to hassle with is the complicated terminology that comes with all of the choices, right?
Let’s take forbearance, for example. This option allows you to temporarily put your federal student loan payments on pause. But, that’s not the only thing you need to know.
You knew exactly what life was going to look like when you graduated. You’d get a sweet job, a sick apartment, and a regular spot at a trendy bar where you’d debrief with your quirky coworkers. You’d spend your weekends brunching and staying out late watching your favorite bands perform.
But then reality hit.
One of the worst feelings is checking your bank account and realizing there’s not enough money to cover your student loan payment.
If this is something that has happened to you, you should know that there are options other than defaulting on your loan. In fact, there are several options that can even help you lower your monthly payments.
Has your student loan payment suddenly increased and you have no idea why? There are several reasons why the “amount due” portion of your bill might look a bit different than the previous month.
Here’s what you need to know before you call your lender to discuss repayment options.
