They can help you navigate the student loan terrain and help you systematically apply for the programs offered by the Department of Education.
If you’re not sure about doing it yourself, then Ameritech can help you find the repayment solution that’s right for you, and potentially restructure your loans so that you can qualify for programs you may not otherwise have qualified for.
Student loan payments are initially lower and then they will increase later in the repayment schedule.
So as your income increases over time you will need to pay more money towards your balance.
You can call them at 1-866-863-3870 or check out their website here.
There are a variety of government affiliated programs as well as non-profit organizations that can help you with repaying student loans.
If this installment amount does not fit into your personal budget due to a hardship, call your loan servicers to ask for help.
Some lenders, including Sallie Mae, may be able to adjust the amount of the installment that is due.
- This is the most flexible payment plan, but it can also be the most expensive in the long run, and you must reapply annually for this type of help from your lender.
The monthly bills you receive, and the amount you are responsible for paying, will be established based upon your total student loan debt and gross monthly income. You provide your servicer/lender with needed information about your total gross monthly income that is received from all sources.