An email you need to send to your student loan lender ASAP
A helpful report from the Consumer Financial Protection Bureau identified a major risk for student loans with co-signers. Fortunately, the CFPB also had a strategy for fixing the problem.
There is a long list of resources to knock out federal and private student loans. For many borrowers, the ideal approach will be a combination of some of the programs below.
If you are brand new to student loan repayment, this guide is a helpful starting point.
A helpful report from the Consumer Financial Protection Bureau identified a major risk for student loans with co-signers. Fortunately, the CFPB also had a strategy for fixing the problem.
Federal student loans come with many borrower protections to lower monthly payments. Refinancing is also an option, but it comes with major risks.
Sallie Mae doesn’t advertise the rate reduction program. However, borrowers that are truly struggling may qualify for temporarily reduced interest rates.
Discharging student debt in a bankruptcy isn’t impossible. However, it is really hard. The rules for student loans are different from most other forms of debt.
Helping a borrower who fell behind on his Sallie Mae payments lead to an unlikely discovery: Sallie Mae will lower interest rates for some borrowers.
I consolidated my loans, but somehow my debt doubled. After a couple of scary days, I learned a lot about the federal consolidation process.