Home  |  Careers & Education  |  College & Graduate  | 

Student Loan Forgiveness

What if I am having trouble paying back my student loan?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player

View Comments (Add Comment)

  • Scholarshiper Flag

    Scholarship-Listings.com
    Scholarship-Listings.com offers great free scholarships that college students can apply for. Check it out!

Justin Draeger
Spokesperson, National Association of Student Financial Aid Administrators
www.nasfaa.org  

Justin Draeger is Assistant Director for Communications with the National Association of Student Financial Aid Administrators (NASFAA). Prior to joining NASFAA, Justin worked as the lead analyst for the Michigan Guaranty Agency. Justin began his career in student aid 10 years ago working as the financial aid administrator for the Douglas J Aveda Institute in East Lansing, Michigan. Justin earned a Bachelor’s of Science Degree in Resource Management from Brigham Young University and his MBA in Finance from Baker College. He has presented at several conferences in both the financial aid and business management fields and continues to publish nationally. Justin has been tapped for his expertise on student financing by CNBC, Fox Business News, The New York Times, Wall Street Journal, Boston Globe, Kiplinger, Business Week, National Public Radio, and more.

What if I am having trouble paying back my student loan?

 

This expert: 89,759 views

This series: 22,678 views

Download - Coming Soon!
Tags:

Loans

,

Loan

,

Debt

,

Student

,

College

,

Tuition

,

Credit

,

Interest

Comments:

1 (Read Comments) (Add Comment)

Print

Transcripts

Host: What if I am having trouble paying back my student loan?

Justin Draeger: If you are having any type of trouble making any payments on your student loans the natural tendency might be to avoid calls from your loan provider or your lender. That is the opposite of what you really want to do especially in the federal student loan programs, there are plenty of provisions that are provided to help you make sure that you stay current on your loans things like deferments forbearances or even payment amount adjustments.

What you want to do? Anytime you think that you are not going to be able to make a payment or make a full payment, just contact your loan provider, let them know the situation, explain to them your circumstance and let them see what they can do to help you stay current on your student loans.

Other Videos

  • When should students begin visiting colleges?

    When should students begin visiting colleges?

    This video discusses the steps a high school student should take to begin the process for identifying the right choices and applying to college. It will provide you with both facts and expert opinion on various aspects of the college selection and admission process. There are suggestions on how to plan and strategize for gaining admittance to college. In addition, it will highlight different aspects of the process and breaks each down to a specific segment like standardized tests, college essays, financial aid, etc. to name just a few. We will offer suggestions on how to get started, remain on schedule and finally how to make the best choice for college. This video will provide every student and parent with the necessary insight as to how to begin and best move forward with the college process.
  • What should my child do in middle school or junior high to imrpove their chances of getting accepted?

    What should my child do in middle school or junior ...

  • Video Production 101 Part 3

    Video Production 101 Part 3

    Fundamentals basic effects. Remember the story is the most important part. Trying to show everyone that you can use the zoom on your camera is just going to annoy the viewer. So frame the shot by the rule of thirds.
  • Be Assertive

    Be Assertive

  • How to Add an RSS Feed to a Blogger Blog

    How to Add an RSS Feed to a Blogger Blog

    http://www.contentbuzz.com/blog Internet Marketers are constantly looking for ways to get backlinks to their other web properties to enhance their search engine optimization efforts. An easy way to generate backlinks to your blog or any other web page is to add RSS Feeds to a free Blogger blog.
  • Do you recommend that students and familes attend college fairs?

    Do you recommend that students and familes attend ...

    This video discusses the steps a high school student should take to begin the process for identifying the right choices and applying to college. It will provide you with both facts and expert opinion on various aspects of the college selection and admission process. There are suggestions on how to plan and strategize for gaining admittance to college. In addition, it will highlight different aspects of the process and breaks each down to a specific segment like standardized tests, college essays, financial aid, etc. to name just a few. We will offer suggestions on how to get started, remain on schedule and finally how to make the best choice for college. This video will provide every student and parent with the necessary insight as to how to begin and best move forward with the college process.