Student Loan Debt and Solutions
Student loan debt can be a difficult problem that so many individuals throughout the United States must deal with on a daily basis. Unfortunately, student loan debt can add to your general financial stress pretty 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 greatly simplify loan payment by allowing you to make only one monthly payment on your federal loans, and the amount of time you have to repay your loan will be extended.
A Direct Loan Consolidation can be a great choice for a lot of former students because it usually results in a reduced monthly payment, lower interest rate and only one convenient monthly payment to make. Your Student Loan Processing Consultant will explain which programs provide you the best benefits on your Federal Student Loan repayment. For some people, a reduction in their total student loan repayment is all they need to get back on steady 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 might be able to assist you. Get in touch with us for a free no charge or obligation consultation. A 10-minute phone call is all you'll need to determine what payment programs are available so you can stop worrying and start saving!