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bansheebeat
Joined: 02 Oct 2013
Posts: 86
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 Posted: Thu Oct 17, 2013 1:37 am Post subject: Teaching abroad with student loans? |
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| Anybody have any experience with this? Are you able to get federal loans income adjusted if you're working in a foreign country? What about defaulting while abroad? |
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nomad soul
Joined: 31 Jan 2010
Posts: 11454
Location: The real world
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| Posted: Thu Oct 17, 2013 6:23 am Post subject: |
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| Both those scenarios certainly exist; there are borrowers who faithfully make their loan payments as well as others who default on theirs. If the latter fits your situation, I suggest you do an Internet search on defaulting student loans while abroad---plenty of informative articles written on the topic. |
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JN
Joined: 17 Jan 2008
Posts: 214
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| Posted: Thu Oct 17, 2013 7:23 pm Post subject: |
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| With my college loans it is possible to pay on an income-adjusted plan. Maybe your loan company also does this. |
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bansheebeat
Joined: 02 Oct 2013
Posts: 86
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| Posted: Fri Oct 18, 2013 12:33 am Post subject: |
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| JN wrote: |
| With my college loans it is possible to pay on an income-adjusted plan. Maybe your loan company also does this. |
I know it's possible, I just wasn't sure if it was possible if your income was earned in a foreign country. |
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nomad soul
Joined: 31 Jan 2010
Posts: 11454
Location: The real world
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| Posted: Fri Oct 18, 2013 1:04 am Post subject: |
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| Since you're seeking a response specific to your situation, you really should direct your questions to your lender. |
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bansheebeat
Joined: 02 Oct 2013
Posts: 86
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| Posted: Fri Oct 18, 2013 2:36 am Post subject: |
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| nomad soul wrote: |
| Since you're seeking a response specific to your situation, you really should direct your questions to your lender. |
That's what I plan on doing. But they're all federal loans which are pretty common so I figured I'd try and ask here before having to deal with the inevitable lengthy hold times I'm about to face. |
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nomad soul
Joined: 31 Jan 2010
Posts: 11454
Location: The real world
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| Posted: Fri Oct 18, 2013 7:42 am Post subject: |
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| bansheebeat wrote: |
| ...I figured I'd try and ask here before having to deal with the inevitable lengthy hold times I'm about to face. |
I rarely contacted the loan service center by phone; their website is comprehensive and informative and is geared to handle borrowers' account changes, emailed inquiries, submission of forms, etc. It beats posting on this forum and waiting for a few generic (and possibly inaccurate or irrelevant) responses to trickle in. |
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Xie Lin
Joined: 21 Oct 2011
Posts: 731
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| Posted: Fri Oct 18, 2013 10:46 am Post subject: |
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| bansheebeat wrote: |
| JN wrote: |
| With my college loans it is possible to pay on an income-adjusted plan. Maybe your loan company also does this. |
I know it's possible, I just wasn't sure if it was possible if your income was earned in a foreign country. |
Hi, Banshheebeat,
I can vouch for the fact that adjustments are possible when working abroad.  Not sure about your own loans, of course, but, in general, yes, it is possible.
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bansheebeat
Joined: 02 Oct 2013
Posts: 86
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| Posted: Fri Oct 18, 2013 12:46 pm Post subject: |
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| Thanks for all the replies! |
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