Federal government proposes new student loan repayment plan<\/a><\/li>\n<\/ul>\nOk, now let’s look at private loans. Private loans are issued by banks or other financial companies such as SallieMae. However, just because you make your payments to SallieMae doesn’t mean that your loan is a private loan. SallieMae not only issues loans to consumers, they also service loans owed to the government. If you are unsure if your loan is a private or government loan, you should contact a student loan lawyer to help you figure it out. So, you have now determined that you have a private loan and you can’t afford the monthly payment they are demanding, what can you do? Not much! This is one reason why private student loans should be avoided. The payment options listed above for government loans are not available for private loans. Private loan companies do not have to work with you regarding your monthly payments.<\/p>\n
So, as you can see, if you have a federal student loan there are many repayment options and one of them should be able to be affordable to you. However, if you have a private loan, your only options are to pay or not to pay. If you take only one thing away from this article, let it be this…avoid private student loans if at all possible.<\/p>\n","protected":false},"excerpt":{"rendered":"
Most people know that the total amount consumers owe in\u00a0student loan debt\u00a0is now more than 1 Trillion dollars. Yes, that is $1,000,000,000,000! Student loan debt now exceeds credit card debt in this country. But unlike credit card debt, it is very difficult to discharge student loan debt in bankruptcy. Notice I said difficult, but not […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/posts\/283"}],"collection":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/comments?post=283"}],"version-history":[{"count":3,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/posts\/283\/revisions"}],"predecessor-version":[{"id":1945,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/posts\/283\/revisions\/1945"}],"wp:attachment":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/media?parent=283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/categories?post=283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/tags?post=283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}