Family Budgeting: Can’t Afford Your Monthly Payment Because of a Pay Cut or Unexpected Medical Expense?

Learn How Your Student Loan Provider Can Help

HeartbeatHave you recently lost a job or taken a pay cut? Did you have an unexpected medical expense that is squeezing your budget? MOHELA is here to help our borrowers successfully repay their loans. We know that there may be times when your currently monthly payment amount is difficult to manage. That is why we offer several different types of repayment plans and payment options based on the unique needs and eligibility of our borrowers.

To learn about getting into a repayment plan that can help lower your payments, visit mohela.com and click “Lower Your Payments” on the left hand column. If you expect your financial hardship to be for a short period of time, a deferment or forbearance may be a better option for you. Check out the options on our website and contact us if you have questions. We’re here to help!