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Full Version: fiancee can`t afford 180 a month to Sally Mae how does she lower it?
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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
QUOTE (slydogstreasure @ Jan 8 2009, 09:32 PM) *
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
QUOTE (LynnInMN @ Jan 9 2009, 10:57 AM) *
QUOTE (slydogstreasure @ Jan 8 2009, 09:32 PM) *
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.
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