Our Best Answer: What can I do if I'm having a problem making my federal student loan payments?

Repayment Issues

If you don't make your loan payments on time and don't contact your student loan servicer about it, you will be considered delinquent in repaying your student loan.

The first thing to do is to contact your student loan servicer. They will discuss with you the various options that may make it easier for you to manage your monthly payment schedule. You may be able to have your monthly payments lowered by changing to a different payment plan or have your payment postponed by a Federal Student Loan Deferment or Forbearance.  Keep in mind with some Income Driven Repayment Plan your payment may be zero if you are unemployed or have low income. 

Under some circumstances such as returning to school, becoming unemployed or suffering economic hardship, you may qualify for a deferment. If granted a deferment, you'll be able to suspend regular loan payments for a certain time. Learn more about Deferment or Forbearance.