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Stock impact report

How to manage student loans after a job loss [Yahoo! Finance]

NerdWallet, Inc. (NRDS) 
Company Research Source: Yahoo! Finance
Step one post-job loss: get in touch with your loan servicer. | Credit: Maskot / Getty Images Losing your job can bring up a lot of things. There is an emotional component as you leave behind your old position and team and there is also a logistical one, both in terms of what your next steps will be in your career, and how you will get by for a while without a steady paycheck. For those with student loan debt, one of the big financial questions after a job loss is how they will continue to make monthly payments. While it may be tempting to table the issue for later, once you have worked through the initial fallout from losing your job, postponing the issue could end up making things more challenging down the road. Here are three steps you can take to manage your loans. Inform your loan servicer The first thing you should do student loan-wise after losing your job is to get in touch with your loan servicer. The “earlier you contact your loan servicer, the more options you'll h Show less Read more
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