Student loan debt can be an overwhelming problem that tons of individuals throughout the United States must deal with on a daily basis. Unfortunately, student loan debt can contribute to your overall financial stress rather quickly unless you take proactive measures. According to the U.S. Department of Education, consolidation or payment restructuring plans allow a borrower to combine one or more of their eligible Federal education loans into one new loan. Loan consolidation can considerably simplify loan repayment by allowing you to make just one monthly payment on your federal loans, and the amount of time you have to pay off your loan will be extended.
A Direct Loan Consolidation can be a great choice for many former students because it typically results in a lower monthly payment, reduced interest rate and just one convenient monthly payment to make. Your Student Loan Processing Consultant will explain which programs give you the best benefits on your Federal Student Loan payment. For some people, a reduction in their overall student loan repayment is all they need to get back on stable financial ground again.
If you have trouble meeting your monthly payments, have exhausted your deferment and forbearance options, and/or wish to avoid default, we may be able to help you. Get in touch with us for a free no cost or obligation consultation. A 10-minute phone call is all you'll need to identify what payment programs are available so you can stop stressing and start saving!
For more information about a Student Debt Attorney in Santa Ana, California, contact Thomas K. McKnight LLP at (800) 466-7507 or visit our website at TKMLLP.Com for a free consultation!