Student Loan Debt
Student loan debt can be a difficult problem that so many individuals throughout the United States have to deal with on a day-to-day 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 enable a borrower to combine one or more of their eligible Federal education loans into one new loan. Loan consolidation can greatly simplify loan repayment by allowing you to make just 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 many former students because it generally results in a reduced monthly payment, reduced interest rate and only one convenient monthly payment to make. Your Student Loan Processing Consultant will explain which programs offer you the largest benefits on your Federal Student Loan payment. For some people, a decrease in their total student loan repayment is all they need to get back on steady financial ground again.
If you have trouble fulfilling your monthly payments, have worn out your deferment and forbearance options, and/or wish to avoid default, we may be able to assist you. Contact us for a free no cost or obligation consultation. A 10-minute phone call is all you'll need to determine what repayment programs are available so you can stop stressing and start saving!