Feds seek to make it easier to restructure student loan payments

The government offers lots of programs to help student borrowers repay their federal loans on time, yet one in four people with student debts due are currently in default or teetering on the edge.

In an effort to keep people on track with their student debt repayment, Uncle Sam is developing personalized guides that would illustrate how each of its payment options might work for the borrower.

“Millions of consumers needlessly fall behind on their student loan debt, despite their right under federal law to a payment they can afford.”

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