fiancee can`t afford 180 a month to Sally Mae how does she lower it?

[slydogstreasure]

My fiancee can only work part time now due to our baby daughter being born,with that she can`t afford to pay Sally Mae 180 a month and has missed at least 4 payments in a row.She would like to make smaller monthly payments? any info or any help and suggestions? thanks.

[LynnInMN]

My fiancee can only work part time now due to our baby daughter being born,with that she can`t afford to pay Sally Mae 180 a month and has missed at least 4 payments in a row.She would like to make smaller monthly payments? any info or any help and suggestions? thanks.

 

 

What type of loans are these, federal or private?? If federal, she can get a deferment. If private, there are not that many options and she will need to contact the lender.

[slydogstreasure]

My fiancee can only work part time now due to our baby daughter being born,with that she can`t afford to pay Sally Mae 180 a month and has missed at least 4 payments in a row.She would like to make smaller monthly payments? any info or any help and suggestions? thanks.

 

 

What type of loans are these, federal or private?? If federal, she can get a deferment. If private, there are not that many options and she will need to contact the lender.

What`s a deferment and how does she find out if it`s a federal loan?

thanks so much. we our looking to buy a house in 3 years and are now trying to repair.

[InfamousNY]

I would be careful that Sallie Mae doesn't send her to collections.