I can certainly understand the strain of student loans, @Myhoney3. While I'm not a financial advisor, you can check out these links that may help answer some questions and give some options and advise for help. Try https://www.usaa.com/advice/how-to-pay-off-debt/ and https://www.usaa.com/inet/wc/advice-finances-takechargeofdebt. Don't hesitate to reach out if you have any other questions. - Cathleen
I have several student loans that are serviced by FedLoan. I have not had to make a payment during then pandemic and will continue till September 2021. FedLoan has Income-Driven Repayment (IDR) Plans:
- Pay As You Earn (PAYE)
- Income-Based Repayment (I've been on this for years)
- Income-Contingent Repayment (ICR)
- Revised Pay As You Earn (REPAYE)
Ask your loan servicer if they have similar plans or call FedLoan at (800) 699-2908 and see if they can help. Good luck.