Thomas K. McKnight - Student Loan Debt Solution in Orange County
Student loan debt can be a difficult problem that so many people throughout the United States have to deal with on a day-to-day basis. Unfortunately, student loan debt can add to your overall financial stress fairly 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 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 option for a lot of former students because it generally leads to a reduced 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 payment. 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 fulfilling your monthly payments, have exhausted your deferment and forbearance options, and/or want to prevent 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 establish what repayment programs are available so you can stop stressing and start saving!
For more information about chapter 7 and chapter 13 bankruptcy, or how to file your bankruptcy in Orange County, contact Thomas K McKnight LLP at (800) 466 - 7507 or visit our website at TKMLLP.com for a Free Consultation.