Houston Estate Planning and Elder Law Attorney Blog
College graduates can run into challenges when it is time to repay student loans, according to a recent article in Forbes, "How to Tackle The Top Three Student Loan Issues." If the student has a job that isn't paying enough to allow them to pay back a loan and cover living costs, they need help figuring out what to do. Still others go to graduate school, in part, because they know that they can get a deferral on loan payments. But then they graduate and have even more student loan debt.
Students need to make sure they know their rights.
A loan servicer must respond to requests for more affordable income-based repayment plans. Under the federal loan program, a student has numerous options that can help with loan repayments. The article points out some of the most common issues and how to tackle them: