How do I avoid loan default?
Avoid loan default by doing the following:
You may qualify for a deferment if:
If you don’t qualify for a deferment but are temporarily unable to make loan payments for such reasons as illness or financial hardship, you may be eligible for a forbearance. A forbearance also allows you to defer loan payments in certain situations, such as during an illness. Interest is charged on on Direct Unsubsidized and PLUS Loans during all periods of deferment and forbearance. Interest on Direct Subsidized Loans is charged only during periods of forbearance. Learn more about avoiding loan default at: Loan Default. Information from:http://www.mappingyourfuture.comhttp://studentaid.ed.gov
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