What to Do If You Can't Afford to Pay Back Your Student Loans

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You're going to have to start paying back your loans soon. Here are your options if you can't

. The good news is that borrowers whose loans are held by the federal government have several options if they can’t afford to make their payments.Know what type of loan and servicer you have

Borrowers should ensure all contact information is up to date on both their loan servicer and education department accounts so they can stay up to date with ongoing changes and regulations for student loans.Education Department’s loan simulatorIf they want a second opinion, nonprofit credit counselors at organizations like the National Foundation for Credit Counseling can help walk borrowers through their options.

proposed revisions to their existing Revised Pay As You Earn Repayment Plan, one of four income-driven repayment plans offered. Borrowers who earn $15 per hour or less would qualify for a $0 monthly payment, under the amendments.

 

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Bail out banks, bail out students. The latter is a much better investment

Nah.

The underlying cause of all of this is, HighTuition.

If student loan forgiveness is not allowed how is bailing out deposits over 250,000 allowed? Any investment carries risk, just like risk in investing in education.

Pay them.

Wait for the banks/economy/FED to collapse. It’s already started.

Become a bank or a church

As for me, I will declare bankruptcy even though I finished my studies in 2016

Move to Pennsylvania. They don't require a college degree.

You took a loan? Pay it back.

Don't take out loans that you can't pay back. Don't study a major that doesn't pay a decent salary. Don't sign a promissory note and then break your promise.

Look at trades or learn to drive a truck.

Get a job.

Onlyfans.

Should have probably picked a different school

Get a fking job!

Get a job is a good one.

It's time they were eligible to be discharged during bankruptcy

Join the Army. That’s how I paid for college.

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