Thomas K. McKnight LLP - Student Loan Solutions in Orange County
Student loan debt can be a frustrating 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 general 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 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 usually leads to a lower monthly payment, reduced interest rate and just one convenient monthly payment to make. Your Student Loan Processing Consultant will explain which programs give you the best benefits on your Federal Student Loan payment. For some people, a reduction in their overall student loan repayment is all they need to get back on stable financial ground again.
If you have difficulty fulfilling your monthly payments, have worn out your deferment and forbearance options, and/or want to prevent default, we may 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!
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.