TIME: “What to Do If You Can’t Afford to Pay Back Your Student Loans”
March 8, 2023
— Featured News
An article appearing in TIMEon March 8, 2023 by Solcyre Burga advises borrowers that before they make any decisions about possibly changing their payment plan or applying for a forbearance or deferment they first research their options and reach out to their loan servicer, quoting Kyra Taylor. Information about the type of loan you have and who your loan servicer is can all be found on a borrower’s account on studentaid.gov.
The first line of action when struggling to make student loan payments is to consider an income-driven repayment plan, Burga writes.