How Do You Avoid Repaying Student Loans?
The one thing that most graduating college seniors look forward to the least is repaying student loans. Aside from mortgages and car loans, student loans can account for the largest amount of debt that an individual will acquire. Depending on the amount borrowed, payments of these loans are comparable to if not more than an auto loan. It can become difficult to pay these loans back, especially if the recipient has not secured a job or substantial salary. Learn how to avoid paying student loans back immediately. Learn when the repayment period will begin. The first and most important step in understanding student loan repayment is knowing the terms of the loan. If the student loan belongs to a graduating senior, there may be a short automatic forbearance period before the loan payments begin. Before or during that period, contact the company or entity that issued the loan and ask for their cancellation policies in writing. A loan officer of the school may also be able to provide such do
