Student loan borrowers who are facing trouble repaying their balance may consider the following tips in order to best manage their debts:
• Be sure to closely review the terms of your loan as there will likely be a range of repayment options available.
• Individuals may want to consider merging their various loans in order to pay one balance at a lower monthly rate.
• Individuals who are having difficulty finding a job may consider requesting deferment or forbearance to temporarily delay repaying their student loan note.
• Borrowers may want to find out if they qualify for repayment plans based on their individual income.
Aside from these helpful tips, enlisting an experienced student loan attorney may be indispensable for those in more serious situations. Our attorneys are experienced in handling and managing student loan debt for people doing their best to stay financially afloat. Find out how the Birmingham-based attorneys of Greenway Bankruptcy Law, LLC may work for you today by calling (205) 324-4000.