Share post
Debt Consolidation Forums Student Loans and Education Debt forums

Can I approach to modify the T&C of a private student loan just like a private student loan?

member profile picture
Posts: 1
Credits: 0

Can I talk to the lender about modifying the T&C of a private student loan just the same as I can approach in case of a private student loan? Are there chances of changing the T&C?

Are you asking about how to change or modify the terms and conditions of a federal student loan? If yes, then the answer is as follows:

Remember, a federal student loan is more flexible than private student loan when it comes to change the repayment plan.
You can change the loan repayment time. You can also pause payments.
You can lower your monthly payments.

To do so, you need to choose the right repayment plan. There are different types of federal student loan repayment options. So, to choose the right one, identify your pain point forst. Analyze your income before selecting the repayment plan for your federal student loan debt.

Sub: #1 posted on Wed, 01/10/2018 - 05:22

Sanders Patricia Sanders Patricia

(Posts: 1238 | Credits: )

Page loaded in 1.448 seconds.