Wednesday, May 26, 2010

How can one get a college degree while paying off a huge student loan?

A friend contracted mononucleosis and didn't graduate. Now she's trying to pay off a big student loan but must work menial jobs due to not having a degree. She feels as though she'll never get the loan paid, even with low interest and consolidation. Any suggestions?



How can one get a college degree while paying off a huge student loan?

If you attend school at least 12 semester hours at an accredited school, the student loan provider should be able to defer the loans, even on a previously issued loan.



How can one get a college degree while paying off a huge student loan?

Usually while in school one can postpone payment on student loans, meaning if your friend goes back to school full time I believe she can defer payments. I am currently working on my master's and I defered my payments of my loan until after I am done.



How can one get a college degree while paying off a huge student loan?

If her doctor could of written off a temp disability form she could of postponed the loans.

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