Student loan debt is an enormous burden for both young Americans, and their economy as well.
Student loans are the second-highest consumer debt after mortgage loans.
This trend is unsustainable for most students, due to the potentially drastic consequences.
The rate at which the student loan debt is growing is alarming due to the inter-generational burden for paying higher education. More and more adults these days are having to delay their retirement plans.
When people think of loan defaulters, they think of young people who currently completed college.
Loan modification options
Modify unmanageable loans with the intention of temporary reducing payments through deferment or loan forbearance.
This strategy allows you to postpone the payments.
Know the loan detail
Ensure you have all details needed for the account, including the balance, amount to be paid, the interest rate, and a set payoff date.