Скачать или смотреть How to Avoid Defaulting on your Student Loans

This video discusses 3 ways to avoid defaulting on your federal student loans. If you are having difficulty making your monthly loan payment, you might be able to change your repayment plan so that your monthly payment is reduced. If you switch from the standard 10-year repayment plan to an income-contingent or income-based repayment plan, you might be able to considerably lower your monthly payment. Although this will result in you paying more interest in the long run, it can enable you to continue making on-time payments so that you do not go into default. If you need to postpone your student loan payments altogether, you should see if you qualify for a deferment. Borrowers who become unemployed or experience economic hardship can defer their student loan payments for up to 3 years. Also, if you attend college at least half-time, you will be eligible for an in-school deferment. Thus, if you plan to attend graduate school you can have your undergraduate student loans deferred until you graduate. If you are not eligible for a deferment but still cannot make your monthly payment, you may be eligible for a forbearance. Forbearances can be either discretionary (this means it is up to the loan service whether to grant your request for a forbearance) or mandatory. Financial hardship and illness are discretionary forbearances, while having a monthly payment that is at least 20% of your monthly gross income is a mandatory forbearance. If you receive a forbearance, your student loans will be reduced or postponed for up to 12 months.

Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com

To like us on Facebook, visit   / edspira  

Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com

To follow Michael on Facebook, visit
  / prof.michael.mclaughlin  

To follow Michael on Twitter, visit
  / prof_mclaughlin  

This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*  / prof_mclaughlin  
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
Apple Podcasts: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/4WaNTqV...
Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
  / prof_mclaughlin  
—
ACCESS INDEX OF VIDEOS
https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
Facebook:   / edspira  
Instagram:   / edspiradotcom  
LinkedIn:   / edspira  
—
CONNECT WITH MICHAEL
Twitter:   / prof_mclaughlin  
LinkedIn:   / prof-michael-mclaughlin  
—
ABOUT EDSPIRA AND ITS CREATOR
https://www.edspira.com/about/
https://michaelmclaughlin.com