I just got an email that I will have to start paying my student loans (ed financial) in May. and OMG the payments are gnarly. It’s 657.92 MONTHLY.
Do I need to call and let them know I haven’t found a job yet!? I literally cannot afford that one bit.
My payments are coming out of deferment. Help!
byu/Fit_Anywhere_3007 inStudentLoans
Posted by Fit_Anywhere_3007
5 Comments
If you haven’t applied for an income based plan you can do that on studentaid.gov
What repayment plan are you on/will you be on?
Shouldnt you of got any job with decent pay right after school ended? Even target pays $25 hour
They have do have economic hardship deferment. Best to call them and let them know what going on and if they can put you on economic hardship deferment. * An economic hardship deferment is a temporary pause on federal student loan payments (up to 3 years) for borrowers facing severe financial, health, or military-related difficulties. During this time, interest does not accrue on subsidized loans. Borrowers must contact their loan servicer to apply and provide income documentation. It granted in 12-month increments, up to a maximum of 36 months total. That maybe something to look into.
Get on IDR