Loans

[nezhka2846]

So, I have all these school loans. Some are from Direct Loans, and they have a 6 month renewable deferment for unemployment. Since I was still unemployed this summer, I was planning on renewing the deferment. I got a letter in the mail, and called the company to see what date I should put down as my starting date of unemployment, since it'd be

Comments

[ursulagoddess]

I wish you luck with this, hopefully you will find someone to be your advocate and help navigate this 'eh!

[janedoetrouble]

Oh God. I have no idea, I'd say just keep calling until someone gives you answers, ask for a manager, etc.

All I know is that there are many different repayment plans, and sometimes consolidating helps lower your monthly payment too. I consolidated mine and am on the super long graduated repayment plan, this means payments start low and increase slightly every two years. First it was $161, now it's $175, in about a year and a few months I suspect it will be $190 or so, does mean I'll end up paying almost double what I borrowed, but it's better than having to pay $350 now or something like that. All depends on your budget.

And there you go, all I know about repayment of student loans. :) Sorry.