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Colleges offering to help graduates repay their loans

More and more colleges are offering to help graduates repay their loans if, after they graduate, they secure employment making less than $40,000.00 per year. This is a great idea! Just the thought of having to repay thousands of dollars after graduating can become overwhelming for some, but the opportunity to have the college help repay your loans takes some of that anxiety away and would make it a little easier to make the decision to further your education by going to college. If a person moves directly into a high paying position after graduating college, that’s great, but that’s never a guarantee. At least with this program, there’s a cushion in place, just in case you are not fortunate enough to fall into a high paying position straight out of college.
(c) USA TODAY, 2011
Colleges offer grads help repaying loans
Authors: Mary Beth Marklein; USA TODAY
Source: USA Today; 06/13/2011

There are options available to you if you’re having trouble repaying your student loans

Times are rough, employment is down, and finding a job after you graduate from college may not be as easy as expected. Although most Federal student loan programs offer a 6 month grace period, after you graduate, before you have to start repaying your loans … in these times, you may need more time than that. In this case, there are options out there, to help you stay on track and not fall into default on your loans. Forbearance, Deferment, Extensions, and Income based repayment programs are all options worth looking in to if you are struggling with repaying your student loans. You just need to keep in mind that, unless your loan was a subsidized loan through the Federal Government, your interest will continue to accrue during your deferment or forbearance periods. Loans acquired via private lenders may not be as easy to work

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