Thomas K. McKnight - Bankruptcy Service Law Firm in Irvine, CA
Student Loan Solutions
Student loan debt can be a frustrating problem that so many individuals throughout the United States must deal with on a day-to-day basis. Unfortunately, student loan debt can add to your general financial stress fairly 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 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 repay 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 offer you the best benefits on your Federal Student Loan repayment. For some individuals, 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 want to avoid default, we may be able to assist you. Contact us for a free no cost or obligation consultation. A 10-minute call is all you'll need to establish what repayment programs are available so you can stop worrying and start saving!
For more information about chapter 7 and chapter 13 bankruptcy, or how to file your bankruptcy in Irvine CA, contact Thomas K McKnight LLP at (800) 466 - 7507 or visit our website at TKMLLP.com for a Free Consultation.