Find Solutions to Get Out of Student Loan Debt

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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.

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.

WANT TO FIND THE BEST SOLUTION FOR YOUR SITUATION?

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.

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Video Transcript

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.

Do You Qualify for Student Loan Forgiveness?

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.

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Mapping America’s Student Loan Debt

Student 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.

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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.

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Student Loan Debt How-To Guides

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.

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FEDERAL STUDENT LOAN REPAYMENT PLANS

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 PROGRAMS

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.

STUDENT LOAN CONSOLIDATION

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.

UNDERSTANDING STUDENT LOANS

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.

READY TO FIND THE BEST STUDENT LOAN DEBT SOLUTION FOR YOUR NEEDS?

Talk to a student loan resolution specialist today for a free evaluation.

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Have Questions about Student Loan Debt?

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.