The University of Memphis and the Student Financial Aid Office understands the effect
of the recession on many of our students and their families. Student loan borrowers
are especially being hit hard as they graduate during a time of high unemployment
rates or lower paying jobs. Needless to say, student loan defaults are at their highest
It is essential for those who are having difficulty paying their student loans to
be informed about repayment options. For example, students can apply for deferments
or forbearances. In certain instances, a student may qualify for loan forgiveness.
While loan forgiveness is a long term method, it is just one of the ways to make the
student loan repayment process a bit more manageable.
For more information about deferments, forbearances, and loan forgiveness, please
visit the websites below: