Continue making payments on your loan until you hear whether your discharge went through, or if you qualify for forbearance (a temporary suspension or reduction in payments).
This will be available if you will agree to put in some time into one or several of the following programs.
It often involves working and/or volunteering at a non-profit organization or providing a service that the government deems is highly beneficial to the society at large, such as teaching in an urban school.
- This student loan repayment schedule was created knowing that borrowers should have a higher salary and make more money as they progress in their careers.
This was done to account for future income increases of the student once they have graduated from college.
Student loan payments are initially lower and then they will increase later in the repayment schedule.
So as your income increases over time you will need to pay more money towards your balance.The gov website helps student loan borrowers, who are in default, to arrange debt payments.There are multiple ways to contact the Default Resolution Group , or you may call 1-800-621-3115.New programs are always being created as well, some of which may be more effective than others.Learn about the latest federal government student loan assistance program, known as income-based repayment, which is a plan that limits the monthly payments a borrower needs to make.If you and your loan servicer disagree about the balance or status of your loan, follow these steps to resolve your disputes:1.