Category Archives: Student loan debt

New Federal Student Loan Forgiveness Programs

Student Debt Advocates Advises Borrowers on New Federal Student Loan Repayment and Forgiveness Programs

New regulations brought forth by the Obama administration make it much simpler for borrowers that are permanently disabled to qualify for student loan discharge. Student Debt Advocates has advised over 15,000 borrowers on repayment and forgiveness options.

Brooklyn, NY – April 18 – President Obama and his administration plan to forgive $7.7 billion in federal student loans held by Americans that are currently disabled. The student loan debt burden has been a huge problem for individuals that are permanently disabled. Even with programs existing that allow for these debts to be forgiven, hundreds of thousands of borrowers simply don’t know that this program exists nor how to apply.

With this new update, The U.S. Department of Education and President Obama took steps to help these individuals. Working hand in hand with the Social Security Administration, the department has been seeking out borrowers that are receiving disability payments and have the status of ‘Medical Improvement Not Expected’. There have been a total of 387,000 matches out of which 179,000 are currently in default and at risk of having their social security benefits as well as tax returns garnished.

Student Loan Forgiveness
Effective this week, borrowers who are in this group will receive a letter from the government outlining the steps needed to receive a discharge and total forgiveness of their federal student loan debt. The process for discharge is much simpler than it used to be in the past with no proof of disability needed. Borrowers who receive this letter will simply need to sign it and send it back.

While this new change is a great step toward helping Americans tackle their student loan debt, the $7.7 billion is only half of one percent (.5%) of the total $1.344 trillion in federal student loan debt. Aside from this program there are other options available for borrowers that do not fit this criteria. Income driven repayment and forgiveness plans have been gaining popularity and helping millions of borrowers drop their monthly payment to as little as $0/month.

Student Debt Advocates has been advising borrowers on such repayment and forgiveness plans for multiple years. With over 15,000 people that have been advised, there has been real steps toward made toward making a dent in the student loan debt load burden that borrowers have struggled with. Individuals that are interested in obtaining further information can reach out to Student Debt Advocates by calling (800) 272-5308 or visiting http://www.studentdebtadvocates.com

Contact Information
Student Debt Advocates
http://www.studentdebtadvocates.com
+1 8002725308

Debt Consolidation Auto Loan Tips

Debt Consolidation USA Shares Common Tips When Getting An Auto Loan

Debt Consolidation USA shared in a recent article published September 17, 2014 some tips to help consumers who are looking to buy a new or a second hand car. The article explains how a consumer can maximize a trip to the dealership in buying a car.

Miami, FL – September 19 – Debt Consolidation USA shared in a recent article published September 17, 2014 some tips to help consumers who are looking to buy a new or a second hand car. The article titled “Tips When Getting A Car Loan” explains how a consumer can maximize a trip to the dealership in buying a car.

The article starts off by explaining how getting an auto loan is now a common occurrence. Especially with the way consumers are paying for their purchases using a credit card, everything seems to be within reach. But while the practice may be common, that does not mean that consumers should automatically assume that it will be the mode of payment. It is important for to consider all options first before applying for a loan.

There are actually purchases that are loan worthy like a house and student loans. These two helps in increasing the net worth of a person and the employability of a graduate. But getting a car loan is a bit trickier and should be thoroughly looked into because there is a big chance that consumers will be paying a lot in interest amounts.

The article shares that one of the first things a consumer should when getting a car loan is setting a budget. This helps manage the expectation and set a range on the type of vehicles that are available to choose from. What happens is when a consumer’s budget is for a $10,000 car and starts to look at those in the $40,000 price range, their original options starts to look cheap.

The next one is to put in as much cash as possible into the purchase. This helps lower down the interest payments in the long run. It is also important for consumers to check credit scores even before talking to dealerships because they are able to use this as a bargaining chip in getting low interest rates.

To read the rest of the article, click on this link: http://www.debtconsolidationusa.com/car-loans/tips-getting-car-loan.html

Contact Information
Adam Tijerina
Debt Consolidation USA
http://www.debtconsolidationusa.com
+1 1-877-610-6990

10 Things to Never Say With Bad Credit

Bad Credit Auto Lender Shares the 10 Things to Never Say When Buying a Car in Newly Released Article

In new article, Complete Auto Loans helps buyers to be fully prepared when buying a new or used car.

Seattle, WA – September 12 – In the newly released article by Complete Auto Loans, the 10 Things to Never Say When Buying a Car are broken down, helping auto shoppers have a more enjoyable and successful buying experience. Read the article to learn why watching what you say to your dealer is more important than you’d expect.

https://completeautoloans.com/application-form/ – Get approved for a car loan in as little as 60 seconds.

In the article, shoppers learn how to have the advantage over the dealership when purchasing your next car. One example from Complete Auto Loans’ article is, “Having the leverage to walk away gives you incredible negotiating power. By showing the need for urgency, the dealer is less likely to come down on the price.”

Complete Auto Loans also gives shoppers the opportunity to check their credit score. The complimentary service can help shoppers save thousands of dollars on their auto loan. For more information, visit Complete Auto Loans’ website.

About Complete Auto Loans
Complete Auto Loans is a Seattle-based company that is dedicated to helping their customers acquire national car financing. They design and develop customized no credit financing, bad and good credit loans. Voted the best for “Quality Customer Service” and “Best National Service” by thousands of people, their finance experts focus on providing their customers with the following: information and tools available for different loan offers, how to choose the best loan that fits their budget, as well as related eligibility guidelines.

Contact Information
Keith Eneix
Complete Auto Loans
https://completeautoloans.com/
+1 360-631-9441

High School Students Financial Capability Sucks

Higher One and Moneythink Announce Partnership to Address Financial Capability of High School Students

Partnership will expand high school students’ access to financial literacy educational technologies and peer counseling opportunities with college students.

New Haven, CT – September 11 – A new partnership between Higher One, a leader in providing financial services and data analytics to more than 1,900 colleges and universities across the U.S., and Moneythink, a nationally recognized movement of young people working to restore the financial health of America, will address the need to provide students with the education on how to make sound financial decisions, specifically through peer counseling and new technologies.

“We are excited to announce this partnership with Higher One—a company leading the way in providing students with necessary tools to positively impact financial capability—to expand how we reach high school students with our approach to financial literacy,” said Ted Gonder, co-founder and CEO of Moneythink. “Our innovative model pairs college students with inner city youth in an intensive mentoring program and gets young people excited about making smart financial decisions. Our goal is to start students down the path toward economic success, which in turn generates a financial ripple effect through families and entire communities.”

Money Matters on Campus, a recently released research report, found that students who received financial literacy education in high school scored significantly higher than their peers on financial knowledge questions and are more responsible when it comes to money.

“These results show the need to start financial literacy education in the K-12 setting and in ways that take into account attitudinal, behavioral and demographic differences—it’s imperative that we seek to bridge the gap and increase financial capability among college-bound students,” said Mary Johnson, director of financial literacy and student aid policy at Higher One. “Higher One believes strongly that helping students learn to manage their finances early on in their adult lives is key to achieving college degree completion, and Moneythink is a leader in reaching high school students with relevant educational tools.”

This partnership will expand the reach of Moneythink’s peer counseling initiatives and explore how to bolster the use of mobile technologies to reach students.

About Moneythink
Recognized by President Obama, Moneythink is the only movement of young people restoring the economic health of the United States through financial education. By placing trained college volunteers in urban high schools as near-peer role models and financial mentors for teenagers, Moneythink leverages a high-touch approach to financial literacy. Coupled with cutting-edge mobile technology designed to support students both in and out of the classroom, Moneythink mentors are changing the way America’s youth thinks about and interacts with money. Find out more at moneythink.org.

About Higher One
Higher One Holdings, Inc. partners with colleges and universities to lower their administrative costs and to improve graduation rates. We provide a broad array of payment, refund disbursement and data analytics and management tools to institutions that help them save money and enhance institutional effectiveness. And for students, we offer financial literacy programs and convenient, flexible and affordable transaction options to help them manage their finances. Higher One is a leader in higher education, supporting more than 1,900 schools and 13 million enrolled students. More information about Higher One can be found at http://www.higherone.com.

Contact Information
Lauren Perry
Higher One
http://www.higherone.com
+1 203.776.7776 Ext: 4495

Student Loan Debt Continues To Rise Faster Than Income

Freedom Financial Network Continues to Urge Consumers to Spend Conservatively

FFN Quarterly Comment: Debt continues to rise faster than income increases.

San Mateo, CA – September 11 – When it comes to the nation’s economic recovery, the summer of 2014 was hot, from real estate prices to auto sales to credit card debt, notes the Freedom Financial Network Quarterly Comment on consumer debt and credit issues.

Freedom Financial Network observes several economic indicators closely and provides consumer education in its work to help consumers get out of debt and stay out of debt.

“In the past quarter, consumers continued to respond to a healthier economy by dusting off credit cards and replacing vehicles,” said Kevin Gallegos, vice president of Phoenix operations for Freedom Financial Network (FFN). “This optimism is heartening, but we caution consumers to remember the lessons of the past economic downturn and prepare for the future. Fortunately, we’re seeing a hint of this caution as people saved a higher portion of their income this summer.”

In July, non-revolving consumer debt increased by more than 10 percent compared to this time last year. The increase was driven in part by motor vehicle sales that were more than 5 percent higher than last year and 10 percent higher in August than in July. Hand in hand with those sales are increases in auto loans with terms of six to seven years. Experian Automotive data show that nearly 25 percent of all new-car loans were for 73-84 months in the first quarter, up from just 10 percent four years ago.

“Those new vehicles on the road might be good for the U.S. economy, but consumers need to be cautious when evaluating whether a purchase – of a car, home, vacation, education or other goods – will be good for their personal economy,” added Andrew Housser, FFN co-founder and CEO. “We become concerned when we see debt increasing at a double-digit rate, while income increases at a tenth of that pace.”

Recent financial data as reported:

1.    Total consumer debt continues to skyrocket compared to past years. In July (the most recent data available), consumer credit rose by 9.75 percent, year over year. With the increase, total consumer debt (excluding mortgage debt) is projected at $3.238 trillion, which is $16 billion higher than the previous month. This makes 32 consecutive months of record highs.

2.    Revolving debt also climbing. In July, total consumer revolving debt, which includes credit card debt, rose 7.4 percent. The total amount of revolving debt held by U.S. consumers was $880.5 billion, or $5.3 billion higher than in June.

3.    Personal income rising, but slowly. In July (the most recent data available), personal income rose by $28.6 billion, or 0.2 percent. Disposable personal income rose $17.7 billion or 0.1 percent, the Bureau of Economic Analysis reports.

4.    Unemployment stays put. The U.S. Bureau of Labor Statistics reports the national unemployment rate was 6.1 percent in August, little changed in recent months.

5.    Consumer savings improved. In July, consumers saved 5.7 percent of their income, up from rates in the 3 percent range several months ago.

The FFN Quarterly Comment pulls together significant statistical releases and provides quarterly comment on timely debt and credit issues that matter to consumers. To schedule an interview with Kevin Gallegos or Andrew Housser, contact Aimee Bennett at 303-843-9840 or aimee(at)faganbusinesscommunications(dot)com.

Freedom Financial Network (http://www.freedomfinancialnetwork.com)
Freedom Financial Network, LLC (FFN), provides comprehensive consumer credit advocacy services. Through the FFN family of companies – Freedom Debt Relief, Freedom Tax Relief, ConsolidationPlus, FreedomPlus and Bills.com – FFN works as an independent advocate to provide comprehensive financial solutions, including debt consolidation, debt resolution, debt settlement and tax resolution services for consumers struggling with debt. The company, which has resolved more than $3 billion in debt and assisted more than 265,000 clients since 2002, is an accredited member of the American Fair Credit Council, and a platinum member of the International Association of Professional Debt Arbitrators.

Based in San Mateo, Calif., FFN also operates an office in Tempe, Ariz. The company, with 650 employees, was voted one of the best places to work in the San Francisco Bay area in 2008, 2009, 2012, 2013 and 2014, and in the Phoenix area in 2008, 2009, 2010, 2012 and 2013. FFN’s founders are recipients of the Northern California Ernst & Young Entrepreneur of the Year Award.

Contact Information
Aimee Bennett
Freedom Financial Network, LLC
http://www.freedomfinancialnetwork.com/
+1 303-843-9840

Best State to Pay Back Student Loan

Utah is the Best State to Pay Back Student Loans, Maine is the Worst

A new Schools.com study of student loan debt, job markets, earning potential and cost-of-living found that Utah is the best state for college graduates to repay student loans, while Maine is the worst.

Foster City, CA – September 15 – With growing job opportunities, strong scores in earning potential, and low cost-of-living rates, Utah tops the list as the best state for graduates to repay their student loans, according to the 2014 Schools.com Best States to Repay Student Loans study. Maine ranked as the worst, based on high debt-to-income ratios, above-average percentage of residents with student loan debt, and a bottom five ranking for average income.

Utah ranked in the top 10 nationally in every category, including a No. 7 ranking for average income and No. 4 for debt-to-income ratio. Wyoming took the No. 2 spot thanks to low unemployment rates, lower than average student loan debt amounts and a No. 2 rank nationally in student debt-to-income ratio. Washington came in third due to its No. 1 ranking for annual income and top three score for student debt-to-income ratio.

“Although the average debt burden varies state-by-state, the national average amount of student loan debt is nearly $30,000 and college graduates are feeling the pressure of those loans,” says Michelle LaFrance, Web Producer of Schools.com. “The best states for repaying student loan debt relieve that pressure by offering college graduates opportunity in the form of growing job markets, competitive salaries and perceived impact of student debt: cost-of-living coupled with earning potential.”

Meanwhile in Maine, the combination of bottom three ranking nationally for student debt-to-income ratio, the second worst annual average income and average student loan debt near $30,000, resulted in the state’s ranking as the worst state for repaying student debt. Rhode Island is the second worst state due to its high cost-of-living and bottom five scores in annual average income and student debt-to-income ratios.

Iowa followed Rhode Island, ranking in the bottom five nationally for average annual income, student loan debt-to-income ratios, average student debt amounts and percentage of students with debt.

“Indeed, it remains a tough economy for many states,” notes LaFrance. “Students may need to consider relocating or broadening their job search to other areas for better employment opportunities that allow them to pay down their loans as quickly as possible.”

Here are the 10 best U.S. states to repay student loans in 2014, according to the Schools.com Best States to Repay Student Loans study:

1. Utah
2. Wyoming
3. Washington
4. Nevada
5. Virginia
6. Tennessee
7. California
8. Colorado
9. Kansas
10. Texas

Here are the 10 worst U.S. states to repay student loans in 2014, according to Schools.com Best States to Repay Student Loans study:

1. Maine
2. Rhode Island
3. Iowa
4. New Hampshire
5. New Jersey
6. Pennsylvania
7. Vermont
8. Mississippi
9. West Virginia
10. Montana

For additional details on this study, please see the Schools.com articles on the Best States to Pay Back Student Loans and Worst States to Pay Back Student Loans for 2014.

Methodology

This analysis of the Best and Worst States to Pay Back Student Loans is based on each state’s Economic and Arrears Factor, a proprietary metric developed by Schools.com that considers the following:
Average salary, according to figures from the Bureau of Labor Statistics (BLS), 2013
Cost of living, based on data from C2ER, 2014
Unemployment rate, based on figures from the BLS, June 2014
State-level student debt statistics, based on figures from the Project on Student Debt, 2012
Student debt-to-income ratio, based on data from the BLS and the Project on Student Debt, 2012
Likelihood of having debt, based on figures from the Project on Student Debt, 2012
Student default rate by state, based on data from the Department of Education, 2013

Schools.com is a resource for the career-minded student. With industry leading information on education and career opportunities in the U.S. and Canada, Schools.com provides students and prospective students with the right information to help them advance their education and career. Featuring in-depth information on popular degrees and certifications, careers and industries, and college and education news, the site is a higher education resource for the career-seekers and career-changers. Schools.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Interneuuwt marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that meet their needs. The company is a leader in visitor friendly marketing practices. For more information, please visit QuinStreet.com.

Contact Information
Erin Ellis
QuinStreet, Inc.
+1 (650) 578-7822

New Standard for Debt Negotiation

S&N Debt Solutions Sets New Standard for Debt Negotiation

S&N’s Settlement Program Negotiates Credit Card Debt Promptly

Beverly, MA – September 26 – Settling credit card debt is as much a science as it is an art. And, part of S&N Debt Solutions’ new settlement program is to work in a collaborative way with both the creditor and clients to resolve account balances quickly and fairly. S&N sees this as a win-win situation for everyone involved.

Shannon MacLean, Vice President of S&N Debt Solutions emphasizes the critical role that a well trained and experienced debt negotiator plays when dealing with negotiating lower payoffs with various credit card companies. S&N makes a difference in the way account negotiations are handled from beginning to end.

Shannon MacLean remarked, “It’s unfortunate that people have been financially affected by the loss of their jobs and cost of living increases. Once they get behind on their bills, they often spiral out of control. However, when you look at the other side of the coin, the credit card company extended credit privileges to our clients; therefore, our debt negotiators are responsible for presenting the customer’s financial hardship so the creditor may consider settling the account for less than the balance that is owed.”

S&N Debt Solutions’debt negotiation program is also resolute about establishing as prompt a settlement and payoff schedule as possible. Shannon MacLean explained it this way, “Knowing that time is also money, we want our negotiation department to respect not only our client’s needs but also the needs of their creditors. We strive to communicate clearly with each creditor when our customer will have sufficient funds to resolve their account balance. Communicating our client’s program status is important to the settlement process.”

S&N’s new approach is now yielding positive results as S&N Debt Solutions gains a reputation for having the most reliable and trustworthy negotiators in the industry, even encouraging creditors to be more willing to settle debt when negotiators identify themselves as S&N personnel. Shannon MacLean notes, “Our negotiators need to fill dual roles for our clients and that requires a high degree of professionalism, expertise, and experience. The S&N Debt Solutions’negotiation philosophy is simple: treat creditors the way we treat clients, with respect and honesty.”

The bottom line is that S&N clients refer family and friends because negotiating and settling debt the right way can only be done by knowledgeable experts.

About S&N Debt Solutions:
S&N Debt Solutions is one of the leading unsecured and credit card debt settlement companies in America. Since its inception, S&N has focused on providing its clients with an unparalleled program that allows individuals to pay-off unsecured and credit card balances for negotiated amounts, frequently 50% less than what they owe.

http://debtsettlementnegotiations.com/

S&N offers a sound alternative to bankruptcy, debt consolidation and consumer credit counseling by providing programs and services that are both professional and compassionate.

About Liberty Publishing:
Liberty Publishing has been providing cutting-edge content to financial institutions, financial advisors, CPAs, insurance professionals, real estate agents, and fee-only financial planners for over three decades. Our financial, economic, and tax content has become the standard by which all others are judged.

Liberty takes all personalized communications from the drawing board through the final production process. The customer-focused teams assembled at Liberty represent a diverse group of professionals who offer the best of experience from their fields.

Written by:
M. Jeffrey Rosen, CLU, ChFC
jrosen(at)libertyink(dot)com
Liberty Publishing, Inc.
800-722-7270 Ext 122

Contact Information
M. Jeffrey Rosen, CLU, ChFC
Liberty Publishing, Inc.
http://www.libertyink.com
+1 (800) 722-7270 Ext: 122

Scholarship Benefits Disabled Students

Auger & Auger Scholarship Benefits Disabled Students

Law firm offers $1,000 to undergraduates with disabilities

CHARLOTTE, NC – September 09 – Auger & Auger announced a new scholarship for disabled students today. The firm says the scholarship is intended to help level the playing field for students with physical or mental disabilities.

Auger & Auger founder Herb Auger says that the scholarship for $1,000 is open to both current undergraduates and high school students that have been accepted to a college.

“This is a group of students that historically faces numerous obstacles,” Auger said. “Our colleges and universities are required to be accessible to disabled students, but that doesn’t eliminate the many social and financial barriers they experience.”

Auger says the scholarship is one way of lowering those barriers.

“By assisting with tuition and other expenses, our hope at Auger & Auger is that high-achieving disabled students won’t be held back by financial worries.”

As a personal injury law firm, Auger & Auger frequently works with accident victims who will cope with disabilities for the rest of their lives. Auger says that has given his lawyers and staff a strong sense of empathy for the difficulties that disabled persons face.

“Some people are born with a disability and others are left with one after a terrible injury or accident,” he said. “No matter what the cause, disabled Americans are often viewed differently. Most people cannot understand the pressures they go through every day.”

Auger says the scholarship won’t eliminate those pressures but could help deserving students overcome them.

“Our hope is that this will help someone complete their education and achieve their dream. And that shows the world that a disability doesn’t have to hold you back.”

The Auger & Auger Disabled Scholar Award will be awarded twice a year. Application details can be found online.

About Herb Auger:
Herbert W. Auger, Esquire is a Charlotte personal injury lawyer with over 20 years of experience helping victims of auto accidents receive fair compensation. A founder of Auger & Auger law firm, Herb Auger believes in an aggressive results-oriented approach that maximizes the awards his clients receive. He can be contacted at:

Auger & Auger
717 S. Torrence Street
Suite 101
Charlotte, NC 28204
704-323-5427
http://www.augerlaw.com

Contact Information
Herb Auger
Auger & Auger
http://www.augerlaw.com
+1 (770) 481-1769

Student Debt Relief Options

Montanans Discover Two Best Student Debt Relief Options Thanks To Studentloanconsolidationreviews.org

Studentloanconsolidationreviews.org helps the residents of Montana who are riddled with student loan debt by reviewing and ranking the top two student debt relief in the area.

Helena, MT – September 09 – If you like wide-open spaces, you’d love Montana. It consists of 147,046 square miles, making it America’s fourth largest state yet has a population of just 902,195. This means Montana has roughly six people per square mile.

Montana’s state slogan is The Treasure State based on the amount of copper, gold and silver that’s been mined there. The name Montana comes from the Spanish word for mountainous, which makes sense in that it’s very mountainous and its highest point is Granite Peak at 12,799 feet.

Butte, Montana has been called “the richest hill on earth,” but residents of Montana have not exactly profited from this as its students graduate from college owing an average $27.475 ranking the state 18th in the nation. Also, 64% of Montana college students are unable to go to school without taking out student loans. This is despite the fact that college in Montana is fairly affordable. For example, the cost for an in-state student to attend the University of Montana for a year is just $18.336. Montana State University costs a bit more at $19,476 but a year at the private school Carroll College costs a whopping $40,051.

Studentloanconsolidationreviews.orgrecently named National Debt Relief and SoFi (Social Finance Inc.) as the two best options for Montanans seeking relief from their student debts.

Michael Smith, a spokesman for Studentloanconsolidationreviews.org said, “We studied the student debt relief options available to residents of Montana and concluded that these two are the best. We gave National Debt Relief top marks based on several factors not the least of which is what it can do for its customers. But we also liked SoFi for its low interest charges and the career counseling it can provide its borrowers”.

When hearing the news of its top rating National Debt Relief spokesman Paul Ritz commented, “We were pleased to hear this because we only recently introduced this service. We take pride in the fact that we can help our customers obtain direct federal consolidation loans or change to repayment plans with lower monthly payments and better terms.”

While SoFi specializes in student loans and debt consolidation, National Debt Relief works through the US Department of Education to find its customers the best repayment programs given their financial circumstances.

“We believe that when it comes to student debt there is no one size fits all,” said Ritz. “Instead, we analyze each of our client’s financial situation and federal student loan portfolio. We can offer a suite of options for student loan repayment from the Department of Education This allows us to provide a client with the one that’s best suited to him or her given their financial circumstances. For example one of these options is the Graduated Repayment Program. It’s become very popular because it allows low-income graduates to start with low payments that increase gradually every two years as their income increases.”

Studentloanconsolidationreviews.org also gave National Debt Relief its top score as it consistently maintains an A rating with the Better Business Bureau. Plus, it’s been in business since 2007 and has helped thousands of individuals and families find relief from their debts through debt settlement.

SoFi was ranked second to National Debt Relief due mostly to its business model. It uses peer-to-peer lending where the loans come from the alumni of the 550 colleges and universities that belong to the SoFi network. ”For people who need a debt consolidation loan SoFi can be a good option, noted Smith.”However, to be eligible for a loan from SoFi you must be a student at or the alumnus of one of the schools in SoFi’s network.” Additionally, Studentloanconsolidationreviews.org marked SoFi down because it will consolidate federal student loans with private loans. This is a practice frowned on by many experts because once these loans have been consolidated, the borrower loses all of the benefits and advantages associated with federal student loans including loan forgiveness, cancellation, deferment and the seven different options for repayment, and is basically stuck with a fixed term and fixed monthly payment.

People struggling with their student debts should definitely go to the site http://www.Studentloanconsolidationreviews.org to learn more about National Debt Relief and SoFi.

Contact Information
Jimmy Saver
Best Debt Consolidation Loans
http://www.bestdebtconsolidationloans.org/
+1 (877) 869-5111

Struggling To Repay Student Debt?

Struggling To Repay Student Debts? Studentloanconsolidationreviews.org Has Answers

Studentloanconsolidationreviews.org helps residents of New Mexico by reviewing the top two student debt relief companies in the area.

Santa Fe, NM – September 06 – New Mexico has something no other state can claim – the most PhDs per capita. This is due to the many government and private research facilities scattered throughout the state. New Mexico is also famous for having given birth to one of America’s most popular conspiracy theories. It began in 1947 when an unidentified flying object (UFO) crashed near the town of Roswell. Our government claims it was the remnants of a weather balloon but conspiracy theorists say it was a flying saucer that contained alien life and that the government created a gigantic cover up to hide the true facts.

Whether this was a flying saucer or not is still debatable. But what isn’t debatable is that student debt has become a serious problem. Two years ago, the average student loan balance for all age groups was $24,301 and it’s likely gotten even worse since then. And about one-quarter of borrowers owe more than $28,000. However, New Mexico students have done much better as they graduate owing just$17,994, which makes the state second best in the nation.

Another fact that isn’t debatable is the cost of going to college today. For example, it now costs $18,473 for a resident to attend the University of New Mexico for a year. A year at New Mexico State University costs a resident a bit less at $17,947 but a year at a private school such as St. John’s costs an amazing $58,831.

Studentloanconsolidationreviews.org recently undertook a study of debt relief companies available to those New Mexicans having a problem with their student debts. What it found is that the top two options are – SoFi (Social Finance Inc.) and National Debt Relief.

Studentloanconsolidationreviews.org used three criteria in evaluating student debt relief providers. They were how it charges for its services, the services it offers and company history.

“We concluded that National Debt Relief is the best option because it was tops in all these criteria,” said Studentloanconsolidationreviews.org spokesman Michael Smith. “The way it charges its customers is totally performance driven and can offer its customers a variety of student debt repayment options. Plus, National Debt Relief has constantly maintained an A rating with the Better Business Bureau, which speaks well of its history.”

Studentloanconsolidationreviews.org ranked SoFi second to National Debt Relief because it provides only student loans and student debt consolidation. Also, SoFi is more of a social community than a debt relief provider. It has 550 member colleges and universities and provides loans only to students at those schools and their alumni. These loans are provided peer-to-peer meaning that the lenders are the alumni of these schools. However, as noted by Studentloanconsolidationreviews.org its loans have introductory rates starting at just 0.99%. In addition, SoFi offers payment deferment in the event a customer becomes unemployed and will even help him or her find a new job.

National Debt Relief operates in an entirely different manner, as it does not provide loans. “It is a true debt relief provider,” noted Smith, “as it will analyze a client’s financial situation and federal student loan portfolio and then attempt to find a repayment program with better terms and a lower monthly payment than what she or he currently has. If it is unable to find a better program, it charges the client nothing.”

“We offer a number of options for student loan repayment from the Department of Education.” Said National Debt Relief’s Paul Ritz.” This allows us to provide a client with the one that’s best suited to him or her given their financial circumstances. If appropriate, we can also help a customer consolidate his or her student debts with a federal Direct Consolidation loan.”

New Mexico residents struggling with student loans that would like to know more about National Debt Relief and SoFi should go to the site http://www.Studentloanconsolidationreviews.org.

Contact Information
Jimmy Saver
Best Debt Consolidation Loans
http://www.bestdebtconsolidationloans.org/
+1 (877) 869-5111