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Sunday, May 31, 2009

I Have A New Degree, but I Can't Find A Job. I do I Pay My Student Loans?

If you have federal student loans you can apply for an unemployment deferment. If you are currently working less than 30 hours a week, you will not have to start repayment yet. But take note you have to apply for the deferment. It's not automatic and if you don't have the deferment and you don't make your payments it will reflect on your credit report as late. On feature of this deferment with subsidized federal loans is interest does not accrue. Your financial aid office should be able to assist you with this and maybe discuss other options for federal loan repayments. You can go to finaid.org as well.

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