Need Advice
Out of work due to major car accident. Requested deferments due to I’m out of work, but I’m still receiving notifications every month that another payment is due and I’m past due. What are my options?

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Your two choices of action are deferment or forbearance. Both options allow you to temporarily postpone or reduce your federal student loan payments. Have you contacted your loan servicer (the company that handles your loan)? Your loan servicer will provide you with a deferment request form. They will guide you best and make sure you read your terms and conditions of your loans. Hope you are able to figure it out.

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Yes I did request this twice through their portal. I guess a call is required now. I’m concerned they’ll ask for proof of disability.

You requested a deferment, but it doesn't seem that the request went through if you are still receiving notifications. Can you follow up with a phone call to make sure they fix your status? You don't want to start being charged late fees.

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Additional Posts in Student Loans

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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