Does Financial Aid for Paying Back Student Loans Exist?
You’ve finished college and now that your student loans are due, you’re in more financial difficulties than ever. So as a student in financial trouble, you need help. Can you get financial aid for paying back student loans? The truth is, no. It doesn’t exist. But you do have some options, and there is some financial help available from the department of education as well. If you’re having trouble paying off student loans, one of the basic options is consolidation. If you want to play this card later, you can get through temporary financial difficult by deferring or forbearing payment. Stafford loans offer deferments but some private lenders do not; they are generally granted for unemployment or other economic hardship, or if you are still studying. During deferment, you can either pay the interest only, or you can capitalize the interest, adding it to the total debt and paying interest on the interest after the deferment period. If your loan is subsidized, the government pays the inter
