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What else can I help you with?
Can student debt impact your credibility?
Yes, student debt can impact an individual’s credibility, particularly in professional settings where financial responsibility is valued. Excessive debt may raise concerns about a person's decision-making skills or financial management abilities. Additionally, it can affect their ability to pursue certain opportunities, such as jobs that require financial stability or security clearances. However, many also view managing student debt as a common challenge, which can foster empathy rather than diminish credibility.
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.
What would be the best thing for a college student in credit card debt to do?
The best thing for a college student in credit card debt to do is to contact a debt consolidation company to help workout a payment plan that the student can afford.
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.
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.
What does one need to receive a Chase Loan consolidation?
Chase consolidation is a debt management company to help people who are in debt to make their debt into one manageable monthly amount. This company is also directed towards student.
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.
Are student loans bad debt?
Any loan that has to do with furthering education is never a bad debt. The only bad thing is if you do not pay back your debt. It does count against your credit score negatively however a loan officer may find that its a good debt when you have paid on time over a long period of time. The opposite can be taken into consideration be the loan officer or credit score provider. If you slow pay or are late all the time and behind on student loans than it can have a negative impact. In that case you need student loan modification to get you caught up so that its not a"bad 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.
Does a spouse have to repay student loans after the person with the loans dies?
The student loan should be paid out of the estate of the deceased before it is distributed to the spouse. If there isn't enough to cover the debt, the spouse should not be held responsible for the balance, unless both people signed the loan. Many people misunderstand who pays the outstanding debt. The surviving spouse does not pay the debt, but it comes out of the estate before distribution.
Settle a student loan for less?
{| |- | Freedom Student Loans helps borrowers consolidate Federal student loan debt into one low monthly payment. Freedom Student Loans can also cut the total monthly payments in half and lock in a low interest rate. You can even go for Freedom Debt Relief as their financial advisers negotiate your debt amount and help in reducing your debt levels. |}
How can student debt be paid off?
"Student debt can be paid off in many ways. Once the student is out of school, they can pay off the entire debt at once or they can consolidate and start making payments. If they go into education, some of their loans will be forgiven if they work in ""at risk"" schools and school districts."
