Do I Need to Pay My Student Loans?
Does My Loan Qualify?
To qualify your loan must be from the federal government only, not from a bank. Any direct loan since 2010, including Parent PLUS loans, qualify. Most FFEL or Perkins loans from before 2010 do NOT qualify. If you are unsure you can check your loan at StudentAid.gov – as long as it shows Department of Education, you are eligible.
How Do I Get the Waiver?
What If I Don’t Qualify?
If you are recently out of work you can apply for an income based repayment plan, as if your income has been reduced your payments can be lowered. In any case you can always call your lender to let them know your situation – they may be able to give you a hardship deferment, or come up with some other options to help you.