How Many Student Loans, Are Too Many?
Student Loan debt in the United States continues to climb at a staggering rate, it’s currently at an all-time high of over $1.2 Trillion. Not to mention, the average student graduates with a bank balance that roughly reads at $26,600 in the negative. So it’s no wonder that your student loans are a debt that many people carry around through their working life and even into their retirement.
Once you complete your education you spend most of your adult life working. It seems unfair that you have to use your hard earned money to not only pay your daily bills, state and Federal taxes but also a seemingly never-ending student loan payment. For the average person, they have between 7-14 loans in the background that they are “unaware” of. This is because for every 1 loan you take out, technically there are 2 in the background. This allows your servicer to compound the interest on you like a credit card. So now not only are you making higher payments but your credit has been affected
For the average person carrying student loan debt, they will have between 7-14 loans in the background that they are “unaware” of. This is because for every 1 loan you take out (per semester), technically there are 2 created in the background. This allows your servicer to compound the interest on you like a credit card! So now not only are you making higher monthly payments but your credit has been affected as well. Making it harder to purchase cars/homes in the future. Just another way your student loan debt really affects you.
These responsibilities all have to be taken care of before you can even begin to think about using your income to enjoy your life. Why should you be worrying and carrying around with you the added pressure of your student loans?
The Harsh Reality You Face
With it being a debt that very few people are able to rid themselves of, we understand that it isn’t always easy to keep up to date with student loan payments. We also understand that student loan lenders don’t always make it easy for you, and they can really make your life difficult. With the possibility of seizing your tax returns, ruining your credit, having the state suspend your driver’s license and even preventing you from buying a home, it’s clear why so many people need help with their student loans and student loan payments. Since it’s unlikely that your debt will be discharged through bankruptcy or any other means, it only leaves one option and that’s paying back your student loans off in full!
Government Programs Could Give You A Hand Up
However, companies like us are here to help you with your Student Loan Debt. Our team of professional and highly experienced “Guidance Counselors” are dedicated to helping you map out a successful plan to regain your financial freedom. Thankfully Government approved programs are available to anyone carrying Federal Student Loan Debt; Teacher Loan Forgiveness, Nurse Forgiveness, Public Service Loan Forgiveness, Student Loan Consolidation, Income-Driven Repayment Plans and even 100% Loan Forgiveness to name a few.
The cornerstone of these programs is an actual Student Loan Consolidation.
With a Student Loan Consolidation;
- Reduce the number of trade lines showing on your credit,
- Which can actually reflect a “positive” mark on your credit report.
- Get a single fixed interest rate, with only 1 payment needing to be made to 1 servicer.
- Making it so much easier to remember.
- It can also be used as a tool to resolve a “defaulted status”.
- Works sooner than other rehabilitation options being offered through servicers.
- Allowing you to return to school sooner and stop/avoid tax and wage garnishments in some cases.
However, The most beneficial reason to perform a Student Loan Consolidation is that it allows
Get The Help You Deserve!
We can work with you hand in hand, to get you approved for these Income-Driven Repayments/Student Loan Consolidation through the Department of Education. Then assist you in navigating the complex requirements set by the Federal Government.
With no upfront fees, a 100% free assessment to determine your available options, and most importantly, having your best interest at heart! Our team of experts are here to walk you through the entire process.
You have nothing to lose and everything to gain.
Contact us today to see how we can help you get the relief you deserve!