It is important that you contact your loan servicer as soon as possible. In addition to verbal notification written notification is always best. You may possibly be able to modify your repayment plan to a flexible one that may allow you to obtain a longer repayment period or to a payment plan that is primarily based upon your income level. You should also inquire from your loan servicer about other options that may possibly be available for forbearance or a deferment of your student loan consolidation. To learn more call (800) CUT BILLS or (800)288-2455
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