BILL'S ANSWER
The help available to you will depend on your military status and the type of student loans you have outstanding. If your loans are federally insured loans, such as Stafford Loans, you may not be required to make payments while you are deployed. In addition, many student loan programs allow for deferred interest and lowered payments while you are in active duty military service.
I can tell you that almost all federal student loans and college loans are potentially available for a one time consolidation - which could lower your rate and possibly cut your monthly payment in half. If you want to compare rates and terms to consolidate your student loans, you can get matched with several pre-approved lenders, by applying here
A few programs even allow for loan forgiveness through military service. To find out the specific assistance programs available to you under your loan programs, you should contact your lender directly to discuss what assistance they can offer you in repaying your loans. In addition, you can contact the U.S. Department of Education’s financial assistance hot line at
1-800-4 FED-AID.
Hopefully, you will find that your lenders offer deferment programs that will assist you. If you are deployed, you definitely need to contact you lenders to notify them of your deployment, as they will likely defer your payments and lower your interest rates until you return from your tour of duty.
One more potential resource that may be able to assist you is the Air Force Aid Society (http://www.afas.org/index.cfm )
While I am not sure of the specific circumstances under which the AFAS will grant assistance to Air Force members, you should contact them to discuss your situation and find out what, if any, assistance they can offer you. Even if the AFAS cannot help you directly, they may be able to direct you to other sources of assistance to help you resolve your financial difficulties.
I wish you the best of luck, and hope that the information I have provided helps you Find. Learn. Save.
Best,
Bill
www.Bills.com
Since you don't have facebook, please provide us with your location and a valid email address so we can answer it. Without a valid email address,we can't reply. (Go back to login with Facebook)
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
We get a lot of comments! To help us show our boss that this is a valuable service, so we can keep providing it, we ask you to do 2 things before commmenting:
Log in
Like us
Submit your comment!
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
Thank you for your comment. Your comment will be posted shortly.
No Comments