I Can’t Afford My Payments​

I Can't Afford My Payments

I Can't Afford My Payments

Learn More About Assistance Options.

You may have started to receive phone calls from your student loan servicer, and the mail and letters have started rolling into your e-mail and mail boxes. Let us assist you in understanding your options if you are unable to make your student loan payments.

Default Management

Payment Assistance

I Can't Afford My Payments​

More Resources
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debt
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01

What if You are Unable to Pay?
02

Don’t Ignore Debt
03

Top Ten List for Taking Control of Your Student Loan Debt

Dangers of Defaulting on Your Loans

  • You can no longer receive deferment or forbearance
  • It may take years to reestablish a good credit record
  • Your tax refunds and federal benefit payments may be withheld and applied toward repayment of your defaulted loan
  • Your wages may be garnished
Learn More About Defaulting

Need a Lower Payment?

IDR plans often provide a lower monthly payment compared to other plans because they are based on your income and family size rather than your loan amount. If your situation changes, you have options, including having your IDR plan recalculated or switching to a new IDR plan (StudentAid.gov).
Learn More

Need Temporary Relief from Your Payments?

A deferment or forbearance can temporarily pause your payments. Repayment plans are also available that could give you a lower payment.
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Have Your Loans Defaulted?

Studentaid.gov has resources to help get your loans out of default. You can also contact us for assistance with figuring out your options.
Learn More

What Happens if You Default on Your Loans

Defaulting on your loans can have long lasting impacts such as lowering your credit score. Here are some of the impacts of defaulting:
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Not Sure Who Your Loan Servicer Is?

Your student loan servicer is the company who provides customer service for your loan(s), answers your questions, helps you with repayment plans and processes your student loan payments.

Learn More
Find Your Loan Servicer