Student Loan Debt in Santa Ana - Thomas K. McKnight LLP
Student Solutions
Student loan debt can be an overwhelming problem that tons of people throughout the United States have to deal with on a daily basis. Unfortunately, student loan debt can add to your overall financial stress pretty 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 significantly simplify loan payment by allowing you to make only 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 option for a lot of former students because it generally 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 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 want to avoid default, we might 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 establish what repayment programs are available so you can stop worrying and start saving!
