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Why? As a way to help it become simpler for them to look after their debt, because new plans are being implemented all of the time to assist loan holders restructure their payments. You may also have the choice to put your loans into deferment (interest ceases to accrue) or forbearance (interest still continues to accrue) depending on your unique financial situation. Additionally, there are alternatives for public service workers to submit an application for loan forgiveness. Make sure you understand all your options and it pays to do your research.
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Jun 3rd 2016 15:48