The Value of Student Loan Consolidation and Student Loan Forgiveness
If you were left with student loan debt after earning your degree, you’re not alone. If you struggle to make those monthly student loan payments, once again, you’re in good company. Even if you are able to make your minimum monthly payments, it could be beneficial for you to think about debt consolidation or debt restructuring. The following are some of the benefits of debt consolidation and student loan forgiveness.
No matter what degree you hold or what your career is, it’s worth looking into student loan forgiveness programs. The Suber Group can help you to determine if you fall into any of the categories that would allow for your student loan debt to be forgiven. The benefits of student loan forgiveness go beyond saving you money. It can also prevent you from defaulting on your loans, can help you keep your credit rating up, and can keep you safe from ever having to declare bankruptcy.
If you do not qualify for student loan forgiveness, (all BIG members qualify) the next step is to consider debt consolidation or debt restructuring. The reason is that your required minimum payments and your interest rate may not be ideal for you. In the long run (or in the short run), this can cause you to default on your student loan debt, which can have a negative impact on your credit score and can even result in wage garnishments or bankruptcy.
The Suber Group can assist you in pursuing student loan forgiveness, debt consolidation, and debt restructuring, which can have immediate and long-term benefits for your bank balance.