Question:
If ur making a $50 monthly payments 2 pay off ur school loan and for example happen like can't work 4 a certain amount of time what will happen 2 the payments that u'v already made will it be cancelled since u can't afford to pay it off anymore or the school will put a hold on it? Also whats the lowest monthly payment that u can make in month to pay back 2 ur school u attended i'm talking about college or a trade school is it possible to 20-50 dollars a month i mean especially under $50? Say ur living on ur own, would ur school might wanna accept ur payment or the minimum has two be $50? Please help i don't wanna be in any debt.
Answer:
Contact your lender and see if you qualify for a deferment or a forbearance (where you don't have to pay for a certain amount of time). Qualifying events include loss of income, re-enroll in school, stuff like that.
More Questions & Answers...
Where online can I find grants for college that I might be eligable for?
Anybody know of any good internships for high school students or any websites that may help with finding an in
What helps u get a scholarship other than good grades?
College Information?
How Do I Save Money For College?
Nursing school before Air Force better? Or have Air Force pay for you to be a nurse?
Do you know of any good Scholarships for Music students?
2007 college scholarships for current students?