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Most importantly, never assume anything about your repayment or possible forgiveness.
Always research, ask questions and read everything before you sign.
Sometimes, hardship puts you in such a tough spot that bankruptcy is your only option.
Most of the time, youre likely to only get a partial reduction.
As GOBankingRatespreviously reported, deferring your loans means accruing more and more interest over time.
The U.S. Department of Education hasonline resourcesto help you think through and calculate your loan debt and repayment plans.
These are good to check out, even if yours is not a federal loan.
You might not be able to get a high-paying job immediately.
However, theNational Consumer Law Centersuggests that doing such a thing is risky.
You should exhibit extreme caution and careful research before making such a move.
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Takeaway
Finding and working with a financial advisor is a great idea.
A financial advisor will help keep track of your finances and assist you in attaining your financial goals.
Get to know your Financial Advisor options today for Free!
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