I understand that there are multiple payment options available for federal undergraduate loans. How do I figure out which of these payment plans I qualify for? Which plan should I choose? I have GIGANTIC loans and very small income, so I need very low monthy payments right out of college.

0
0
Marked as spam
Posted by Madison (MONEY FORUMS: 4, Answers: 0)
Asked on February 15, 2016 9:27 pm
39 views
0
Private answer

I would talk to your loan servicer to discuss repayment options. For your huge loans, you may want to look at an income-driven plan to make it more affordable.

Marked as spam
Posted by Melanie Lockert (MONEY FORUMS: 0, Answers: 66)
Answered: February 16, 2016 10:15 pm
0
Private answer

Madison, you should first visit the student loan website to get this information. You might be eligible for some sort of income-based repayment plan. If your low-paying job happens to be in public service, there may be some tax-free forgiveness plans as well. https://studentloans.gov/myDirectLoan/index.action is your first step.

Marked as spam
Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: February 16, 2016 8:58 am