Completing school is hard enough, having to deal with unmanageable student loans is nearly impossible. Understanding your federal student loans could be a course all on its own so if you are not in default and are having a hard time keeping up with the payments deferment and forbearance could help steer you away from establishing student loan debt.
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:
Last week President Obama proposed the "Student Aid Bill of Rights", which offers improvement to borrowers dealing with student loans. This loan improvement hopes to make things simpler and easier for when it comes to paying back student loans.