As you are probably aware, the prospect of repaying student loans can be quite daunting to someone just beginning his or her career. Unfortunately, it is not uncommon for graduates to find themselves in a situation where they simply cannot afford to repay their student loans at the scheduled amounts. However, if this is the case, it is not sufficient to simply ignore your obligations. There are several alternatives to be examined which can ease your financial concerns and protect your credit rating.
That being said, it should also be mentioned that your loans will cost you the least when you repay them on or ahead of schedule. Also, you should fully examine any deferments for which you may qualify because you are not assessed interest during deferment periods. The other measures should only be sought as a last resort, since they are likely to increase the amount of interest paid over the life of your loans.
For information about managing your student loans and deferment forms, please visit Campus Partners' Information Center.