| University students today are facing record amounts | | | | themselves in default on their private loans. Although |
| of debt in order to pay for school. Most students | | | | it is fairly simple to put federal student loans in |
| today are finding themselves out of school and with | | | | forbearance, private loan forbearance is granted at |
| no source of income to repay their student | | | | the discretion of the lender. JPMorgan Chase & Co. |
| loans.Because educational costs continues to rise, | | | | gives private student loan products via their Chase |
| while the amount of federal loans have not, private | | | | brand. College graduates who are out of work can |
| loans are becoming almost a requirement for many | | | | not get loan forbearance through Chase until they |
| students. This increase in costs and decrease in | | | | can give proof that they can resume installment |
| federal funds means students have to take out | | | | payments immediately after the six-month |
| private loans to cover everything from fees to rent. | | | | forbearance period. It can be tough to meet these |
| Unfortunately, many graduates eventually find | | | | requirements when you are unemployed. |