We can help you stay on track to be sucessful at repaying of your federal student loan.
What happens after I apply for an income-driven repayment plan?
You federal loan servicer would notify you letting you know if you are eligible and if you qualify for a lower payment amount.
Are there solutions for me because I cannot afford my payment amounts?
Yes, there are solutions for situations when you cannot afford your repayment of your loans.
However, the issues I'm having right now are due to the coronavirus outbreak. I'm still dealing with several other economic issues that are becoming more difficult to manage. Is there a viable alternative?
Those who have a federal student loan are automatically being placed in an administrative forbearance, which allow them stop making their monthly loan payments.
Oh, that's great to hear. But I can also do smaller payments if I have the chance right?
That's right. They won't be mandatory, but you are free to do them if you can.
Where else I can go if I have more question about this?