Student loans are never an easy debt to carry. Thousands of Americans all over the nation struggle with student loan debt. Some reasons for these struggles are a few common problems borrowers face when dealing with student loans. Here are some tips on how to handle them:
The new student loan repayment program signed by President Obama this past June, allows for more borrowers to seek relief for student loan debt. This program, "Pay As You Earn" (PAYE), caps the monthly repayments for student loan debt at 10 percent of income and any balance after 20 years will be forgiven.