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10/28/2008
An online article, available through baltimoresun.com, offers borrowers facing the start of repaying their student loans options to make paying a little easier. Directed to those who will make their first payment soon after having graduated this spring, the article discusses the different available repayment options, such as the traditional
10-year term, graduated repayment schedule and extended repayment plan. It also offers suggestions for utilizing a deferment or forbearance if the student has returned to school, is unable to find work, or has an economic hardship. Above all, the article advises borrowers to utilize these options to avoid defaulting on their student loans.
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