Author: Lynn S. Blevins, Lobbyist
Answered Monday, October 25, 2021
-Contact your bank or credit union to see if you can refinance. -Look into the federal Perkins loan program, which offers 5% loans while in school and 9% while not in school. -If you are having trouble paying other monthly bills, ask your lender to lower your payment by 0%. This will require monthly payments of at least $5 per month for 120 consecutive months. You should also contact the Office of Federal Student Aid (FSA) about other loans available for students who can't afford their student loans without government assistance.