▲ 2 r/StudentLoans
Laid off. I have $0 payment, but is there any way to stop the massive interest accrual on any loans?
I was previously on SAVE which is no longer an option. I am planning to switch to PAYE and have $0 payment for 12 months. That isn't my main concern though. It's the $7/day interest accruing - over $210/month. Does anyone know if I'm able to get unemployment defferment, so interest doesn't accrue on my subsidized loans at least? From my understanding, one of the requirements is having a payment due within 60 days, but my payment would be $0.
u/whodafkru1337 — 4 hours ago