im in default on my federal student loan which is under $5,000.00?
how do i go about trying to settle my debt i’m on a limited income and have other concerns; such as medical issues; and child support that i must pay; where can i seek assistance that will actually work with me; on a flexible timetable
If you are on disability you can apply for a permanent disability status and get your loans permently written off ONE time only..if not, they have deferments/repayments such as interest only, income sensitive where you pay from 2% to 50% of your incom as long as it’s min. the interest, underemployment, unemployment, etc. If you are past due, they will take that amount and just add it to the balance and you start fresh…contact your lender for these things. Gl
