Student loan payments have been paused until January 31, 2021. However, that date is approaching quickly. Are you ready to resume your payments?
When Are Payments Due?
According to the Federal Student Aid website, you will receive your billing statement or other notice after January 31, 2021. Also, you should be aware that “[n]o payment will be due before Feb. 22, 2021.”
What If I Can’t Afford to Pay?
The Federal Student Aid website offers different types of repayment options based on eligibility. You can also lower or suspend your payments. To read more click here.
If you are struggling with other forms of debt, you may want to consider filing for bankruptcy. Bankruptcy can reduce or eliminate your debt entirely. And, with the passing of the Consumer Bankruptcy Reform Act 2020, you can include student loans to be dischargeable through a debt-specific repayment plan.
Need More Information?
At the Law Office of Daniela Romero, we believe in relationships that are based on trust. Before we work together, we would like to get to know you and we would like you to get to know us. We want you to be sure you are the right fit for us and that we are the perfect fit for you. This will allow you to be completely comfortable sharing intimate and difficult details of your case, so we can offer you representation to the fullest extent of the law. Call us today to set up a free consultation.