This Tool Allows You to Explore Student Loan Repayment Options
If your student loan debt is a burden, there are several options that may offer some relief, from income-based repayment to student loan refinancing . These options can be confusing, which is why the Federal Financial Consumer Protection Bureau (CFPB) has created a tool to help you navigate them.
We’ve looked at some student debt cancellation options before , but the CFPB tool makes it easy to see what options you have by asking you a few simple questions. For example, did you miss a payment? Are you having trouble making your minimum monthly payment? Are you in default?
This is not a guarantee that you are eligible for any relief, and most of the advice they offer is based on your overall repayment budget, but it shouldn’t take long to answer all of the questions, so it’s worth checking out. Follow the link below to give it a try.