Borrowers who are successful in repaying their student loans develop
the habit of making their monthly payments on time. We know that is easier
said than done, but there are steps you can take that will help you develop that
You may be working full-time, and are, therefore, not eligible for an unemployment
deferment. But it is also possible that you are not being paid what your worth.
There are a number of excellent Internet sites that can help you Upgrade
If you have not made a monthly budget that includes your student loan payment,
visit our Budget Help
We strongly recommend arranging to make your student loan payments by automatic
monthly deductions from your checking account. This removes the hassle of
writing and mailing a check each month. It also removes the temptation of
using your funds for something else. It may also make repayment cheaper for
Many lenders and servicers offer interest rate deductions to borrowers who make
their payments this way. Your lender or servicer may also offer a rate reduction
if you remain current for a specified period. The surest way to remain current
is to make automatic payments. Contact your lender or servicer today to arrange
automatic monthly payments. Click here for a list of servicers and contacts.
If you find that you are now able to start or resume making payments
to your account, but feel that it will be difficult to make up the past due amount,
you make wish to request a
Forbearance from your lender or servicer.