Financial Difficulties, Deferments, Forbearance

America's Top Student Loan Provider

Help from an Ombudsman, Part 2

With the variety of payment plans available, a host of payment postponement options, not to mention loan assistance repayment programs and help from other sources such as the FSA ombudsman's office, it's ludicrous to let your student loans slip into default—or stay there if they're already in default status.

Some student loan repayment plans only require you to pay $5 a month—hardly an exorbitant sum, no matter what your income. For those of you experiencing severe financial difficulties due to unemployment or other circumstances, alternatives exist for you also through deferments or forbearance. You simply have to know what your options are, find out what type of relief you qualify for, and then reach out to your lender or loan servicer for help. Hopefully, no matter what your personal difficulties may be, you now are armed with the information and strategies you need to make sure you can handle your student loan debts from this point on.

For college grads of all ages, the goal is to manage those student loans effectively while you're in the repayment phase, and then pay them off completely as quickly as you're able to do so. It's only by implementing a carefully crafted plan of eliminating your college debt that you'll go from being buried in student loans to financially free. But if you had the wherewithal to make it through two years, four years, or maybe even eight years of schooling to get a higher education—a rigorous process in which most students actually drop out—you can also beat your student loan debt!

	Article Title : Help from an Ombudsman, Part 2
	Comment not found for this article.

Share this story:

EdFed introduces� Awareness� Learnal

At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!

The first time I called in I spoke with a loan consultant immediately. The representative that I spoke with was knowledgeable and able to answer all of my questions. He took me through each step of the application and explained all of the details. He was extremely friendly and I thank him deeply for helping me through the consolidation process.
- Greg M. , NC

* Your Name:		* Your E-mail Address:
		We respect your privacy.

* Your Friend's name:		* Your Friend's E-mail address:






Include a Message:


		+ Privacy Policy

CONSOLIDATION NEWS

	Schools Will No Longer Receive Paper FAFSA Forms (September 20, 2007)
news desk

CALCULATORS


			Stafford Loan Payment Calculator
			PLUS Loan Payment Calculator
			Loan Consolidation Payment Calculator



	Articles
	Calculators
	FAQs
	Glossary of Terms
	Loan Comparison Chart
	Scholarship Search


		It is important to consolidate before the end of your grace period. Your interest rate increases when you enter your repayment period.

Free Webinar by Harrison Barnes

You Need to Offer Hope

Thursday, September 9, 2010 at 1:00 PM PDT.

Comprehensive List of Schools at which EdFed Assists Students.


		EdFed is a FFELP lender with lender identification number 834241. © Copyright 2010 EdFed. All Rights Reserved. Home · About Us · Contact Us · News · Sitemap Career Advice · Tell a Friend · Privacy Policy · Resume Service Resume Distribution Service · Post Resume · Job Search Course

EDFED NEWSLETTERS

Email Address:

+ Most Recent Newsletter

+ Newsletter Archives