Hello and welcome to Debt.com Student Loan Solution Center.
Dealing with student loan debt can weigh heavy on your finances and your well-being. If you’re one of the thousands of people who owe student loans, you’re not alone. According to Federal Reserve, the average borrower owes over $25,000.
Student loans are broken up into two categories, federal and private. If you have federal student loans, exclusively through FAFSA, you may be eligible for consolidation, repayment plans, and even forgiveness. If you have a combination of federal and private student loans, we have consolidation options for you, as well. The factors that determine your eligibility vary, and if you are looking to lower monthly payments to fit your budget or if you want to pay off your loans quickly, reducing the total interest, there are programs available for you.
Navigating your options for student loan relief can be tricky. Not knowing all of your options or what to apply for could end up costing you thousands of dollars in unnecessary payments. Why not talk to a student loan resolution specialist for free. We are A+ rated by the Better Business Bureau and have helped thousands of people become financially stable.
To get started, fill out the form at the top of this page or better yet, give us a call right now and we’ll match you with the right service provider. So, don’t wait any longer. Give us a call. When life happens, we’re here for you.
Student loans are now the second leading source of U.S. consumer debt after mortgages. The average student graduates with over $35,000 in debt to repay and entry-level incomes can make it tough to cover monthly payments. In addition, federal loans have terms of 10 years or more, meaning you could be paying for decades after you leave school. If you want to save money, avoid major life delays and get out of debt, you need to find a better way to pay off school loans that fits your needs and budget.
Every financial situation is unique, so identifying the right solution to use depends on your budget, credit, debt, and goals. Talk to a student loan specialist now to find the right relief option for you.
Are you a nurse or medical technician?
Because you heal people, the federal government wants to make your bank account healthier. Student loan forgiveness for nurses is a thing and something you may be eligible for. If that sounds too good to be true, it’s not. You might actually get a huge chunk of your student loan balance surgically removed.
Of course, this being the government, there are lots of rules. You must have federal student loans, and you must work in the public sector. Even then, you need to make 120 on time payments first.
There are some other hoops to jump through, too. You can save thousands of dollars if you do. Want to know the details in plain English? Debt.com will break it down for you.
If you have federal student loans and work in the public service sector, in a profession like nursing, then you may qualify for a program called Public Service Loan Forgiveness. This can be extremely beneficial, given the public service professional often have lower income that private sector employees. Data shows that qualifying for this program may mean that you get out of debt for less than you originally borrowed. The only trick is to make sure you meet the eligibility requirements in order to have your debt forgiven.
Learn MoreStudent loans have become a leading cause of financial hardship in America. Roughly 44.2 million Americans have student loan debt, and the average tab has risen 70% in the past five years alone. It’s no wonder over 1 million people default on their student loan payments every year. In fact, nearly 40% of all student loan borrowers are expected to default by 2023. The good news is that a 2013 GAO study found that up to 50% of borrowers may be overpaying. That means finding the right solution can keep you out of default and finally help you pay off student loans.
More Statistics
Debt.com’s debt resolution team can help you identify the right solution for your needs. Then we’ll connect you with certified experts that will help you get out of debt fast.
Navigating student loan debt repayment can be confusing. There are dozens of federal repayment plans and programs available, as well as private lending solutions. It can be hard to know which way to go to become debt-free. Debt.com has created a series of how-to guides designed to walk you step-by-step down various paths for achieving student loan relief. Learn everything you need to know to eliminate your school loans with confidence.
If you have federal student loans to repay, federal repayment plans can make it faster and easier to pay off your debt. There are currently eight different plans available that each cover a specific set of needs and goals. We explain each plan in-depth, including the types of loans you can include and how it will affect your monthly payments.
Student loan forgiveness is a valuable resource for anyone who can qualify. There is typically some type of service required for you to be eligible, whether it’s military service, volunteer service, or working in a public service profession. But qualifying isn’t always easy and you need to know how to navigate the process if you want to be successful.
Debt consolidation allows you to combine multiple debts into a single monthly payment. Student loans typically require specialized solutions if you want to consolidate your debt. In other words, you usually can’t consolidate student loans with other types of debt. And consolidation programs for federal loans work differently for other types of consolidation.
Student loans don’t always function like other types of debt. There are government-backed solutions, which can be subsidized or unsubsidized. Interest rates are often not as heavily determined by your credit score – or not tied to your score at all. And student loan default works differently, too. Understand these differences can be the key to getting out of debt.
Talk to a student loan resolution specialist today for a free evaluation.
Debt.com’s panel of certified financial experts answer consumer’s top student loan debt questions. Learn everything from the best way to pay of student loan debt in specific situations to how to ensure your qualify for student loan forgiveness. These are some of our most popular questions. If you don’t see the question you need answered, simply hit the “Ask a Question” button below.
A reader’s college loans have been sold and resold to collection agencies, and collection call déjà vu is getting really old.
3 minute read
A disabled reader has cosigners on a student loan. His debts have been forgiven, now he’s concerned about theirs.
4 minute read
A reader has a disability and a lot of student debt. She wants to know if her loans can be forgiven.
3 minute read
A reader wants to know what do to with collection notices addressed to her mother now that she’s passed away.
9 minute read
If a cosigner is released from repaying a debt, that doesn’t mean that everyone is off the hook.
4 minute read
Even if a debt is past the statute of limitations, you may still receive collection calls. Here’s what you can do…
6 minute read
Learn what disabilities qualify for student loan forgiveness
7 minute read
A reader says she’s been screwed over. Here’s what she can do.
10 minute read
These days, “tuition assistance” is a popular perk. Find out which companies are legit when it comes to paying your loans.
7 minute read
Is it time to ask for help getting rid of all that debt crushing you down? Find out now.
4 minute read
Thinking about defaulting on student loan debt? Try these financially savvy options instead.
3 minute read
Defaulting on student loans only ensures the debt’s inevitable return later, ready to stalk you until you pay up or die.
8 minute read
Financial missteps in your 20s can make going bald or wearing mom jeans the least of your worries later.
3 minute read
Trump administration eliminates federal student loan debt of permanently disabled Veterans.
8 minute read
Including: You didn’t apply for a scholarship but no one else did, either.
4 minute read
How to create a hard-hitting plan to get rid of those student loans for good.
10 minute read
DISCLAIMER: Debt.com does not provide direct debt adjustment services, but, upon request, acts as a locator service for BBB registered companies. It is ultimately up to you to determine whether the companies that we may introduce you to are appropriate for your situation. All federal student borrowers are able to--and encouraged to--learn about, and apply for, any federal re-payment and forgiveness programs through the US Department of Education and other sources for free without paying fees to any person, company, or counselor. Nothing on this site constitutes ANY official qualification or ANY guarantee of result. All telephone numbers listed may connect to private companies offering fee-based services to assist with application preparation for federal and other loan programs.
Please note: Only the US Department of Education can provide determination of eligibility and exact payment amount for any government forgiveness or repayment program listed on this website. Also, you may apply for all forgiveness and re-payment programs may be applied to for free without paying anyone for assistance through the US Department of Education. Our calculators, estimators and eligibility tools are strictly to help consumers understand potential options estimate potential payments and do not provide any guarantee of enrollment, qualification, or payment amount for ANY programs.
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