What if my son can't pay his 121000 and rising due to what should be illegal interest student loan?
Sign up for income based repayment. After paying for 25 years, thebalance is forgiven. There are also options for student loanforgiveness requiring fewer years of repayment for people who workin medical fields, teaching, for non-proft companies etc. Get ahardship deferral for a certain amount of time. BEst not to defaulton it though. CAll up the loan company and work some sort ofpayment plan out.
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