Ease the Burden of Student Loans

If you're struggling to pay down your debt, you may find relief through loan-deferment or forgiveness programs.

Defaulting on student loans is a bigger problem than federal government data suggest, according to The Chronicle of Higher Education. An article published July 11 in The Chronicle reports that the government vastly undercounts the number of borrowers who fail to pay back their student debt.

The last thing you want to do is default on your loans, which will hurt your credit score, make you ineligible for future federal student loans and may prompt the government to seize your wages (when you get a job) and tax refunds. Instead, explore the various loan-deferment and forgiveness programs.

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Cameron Huddleston
Former Online Editor, Kiplinger.com

Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.

Cameron Huddleston wrote the daily "Kip Tips" column for Kiplinger.com. She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.