12/19/2010 05:12 am ET Updated May 25, 2011

10 Steps To Take If You Can't Pay Your Student Loan Bills

Are you a recent college grad staring down the barrel of an overwhelming student loan repayment, or even years out of school and still struggling to pay your monthly loan obligation? While putting off payments and hiding from bill collectors may seem like the only immediate solution, falling behind on your student loans can have serious financial impact. The good news is that there are several payment options to help struggling borrowers make their financial situation and repayment more manageable.