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To get student loan relief an individual should research information on the Student Loan Forgiveness Act.

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12y ago

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Settle a student loan for less?

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Where can a student get debt relief for a loan?

There are two different answers, depending on whether a student is looking for relief from a loan or a person is looking for relief from student loans, which are not generally due and payable while they are still students. Student loan relief is available directly from the lender in the form of consolidation or hardship deferment, while for other types of loans a student may be eligible for refinance, deferment by paying interest only or consumer credit counseling depending on the type of loan, the lender, their credit score and their income level.


What government agencies can help people facing student loans debt?

The National Student Loan Data System or NSLDS is a government agency that can help people facing student loan debts. Federal Student Aid can also help.


Student loan debt for a college graduate?

Is this a question? Are you asking the average amount? Some but not all have student loan debt after graduation.


Is student loan debt consolidation something that will save money in the long run?

Student loan debt consolidation is a way to consolidate student loan debt to the point that money is put in a synthetic grace period to prevent interest.


What are the options available for managing student loan debt as a changed student loan borrower?

Options for managing student loan debt as a changed student loan borrower include income-driven repayment plans, loan consolidation, loan forgiveness programs, and refinancing with a private lender.


Is there any help available for a co signer when the student defaults on a school loan?

No. You are responsible for the debt if the primary holder is not paying their debt.


Can you use your Stafford student loan to pay off debt?

No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.


What is the average debt of a student loan?

Not sure of average individual student loan, but the average student with student loans has $28,000.


Benefits of the Student Loan Forgiveness Act?

If you accumulated student loan debt while you were in college, it is important to research the stipulations of the Student Loan Forgiveness Act. This piece of legislation was designed to reduce the load of debt repayment in some situations. The Student Loan Forgiveness Act provides for Income-Based Repayment. This benefit can help if you are a low-income household. The Act also provides for debt to be forgiven in some situations after a certain time period has passed.


How much debt do you need to have for the average debt loan?

Most of the debt relief companies will not be able to handle less than $8000 in past due bills. They do not put a maximum amount on the debt they can help you elimanate.


What are some companies that help with student loan debt management?

The Consumer Financial Protection Bureau will help students manage their student loan debts and expenses. Cornerstone can also help with students loans after proper paperwork and credit checks etc.