What happens if I can't make my student loan payments?

If you are not able to make your student loan payments in New Hampshire, there are several options that could help. The first is to contact your loan servicer and explain your situation. Loan servicers can help you understand your options, such as setting up a payment plan or temporarily suspending payments. If you contact them right away when you begin to struggle, they can help you find a solution that works for you. Another option may be to apply for loan deferment or forbearance. Both of these options will suspend your payment for a certain period of time. During this time, interest may still accrue on your loan but no payments will be required. You should speak with your loan servicer to determine if these options are right for you. Finally, if your financial situation has not improved, you can apply for loan forgiveness or discharge. This means that some or all of your loan debt can be forgiven or discharged if you meet certain eligibility requirements or if you serve in certain public service jobs. You should speak with a loan specialist to determine if you are eligible for loan forgiveness or discharge. Making your student loan payments can be difficult in certain situations. However, you should not ignore your loans or else you may be faced with more consequences. If you are not able to make your payments, consider which option may be right for you and reach out to your loan servicer for help.

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What happens if I can't make my student loan payments?

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