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Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help » Is there any way to lower your monthly payments for you student loans after consolidation?

Is there any way to lower your monthly payments for you student loans after consolidation?

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4 Responses to "Is there any way to lower your monthly payments for you student loans after consolidation?"

  1. TIMOTHY D L says:
    I am So lucky! I went to school in the late 70s, through the early 80s. My veteran benefits allowed man an education without debt.

    Today it is so much tougher! Lowering your payments is borrowing from the lowest lender. It makes me a bit angry to think that you are in debt about the price of an average house just to be educated. Who profits from this? What government made this high profit happen?

    It is not possible to borrow ourself out of debt. I am so disappointed that a government would allow this heave dept to be educated.. What a counter productive way to run an economy!

    Listen this is just one idea. If you are able to get your student loans in to a consolidation load, then file Chapter 7. Knowledge should have this high of a price.
    Walk away from those material things you have now, file Chapter 7, and start your life new!

  2. Christina says:
    Usually if you have a reason that you can’t make payments (or full payments), they will work with you. I think some of what they’re willing to do depends on the type of loan and the provider.
  3. jacktree2466 says:
    Depending on who has the loan….often you can switch the payment plan to get to a lower payment. My servicer offers a extended plan that spreads the payments out longer than the current term. It also offers a graduated payment where the inital payments are low and gradually increase over the life of the loan.

    If you own a house you could also try to wrap up the loan in a home equity loan. This isn’t a great idea but it is an option.

  4. Scott C says:
    You might be able to put your student loan on hardship deferral depending on your situation.

    Otherwise, I suggest you find ways to increase your income.

    Scott…….

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