Managing student loans can feel overwhelming, especially if unexpected financial challenges arise. One tool that many borrowers explore is student loan forbearance. If you’re struggling to make your monthly payments or simply need temporary relief, understanding forbearance can help you make informed decisions. In this article, we’ll cover what student loan forbearance is, how it works, the types available, eligibility requirements, pros and cons, and alternatives to consider. What Is Student Loan Forbearance? At its core, student loan forbearance is a temporary pause or reduction in your student loan payments.…
Read MoreStudent Loan Forbearance: What It Is, How It Works, and What You Should Know
