Consolidating a defaulted private student loan
If you are not satisfied with our services, please contact us immediately and we will correct the situation, provide a refund or offer credit that can be used for future Legal Zoom orders.Did you graduate from college with both a degree and a mound of student debt? These days, the majority of students graduate from their post-secondary studies with student loan debt.This can help you get back into repayment on your student loan and remove the default from your credit history.
Loan rehab is a one-time offer that lets you make payments based on your current income and overall financial situation.Today, graduates are leaving campus holding a diploma in one hand, and an average of ,000 in debt in the other.In America, student debt is the second largest class of consumer debt.There are both benefits and drawbacks to consolidating your loans, which we’ll discuss in this article.
Choosing to consolidate your loans is an individual choice and the right decision will depend on the specifics of your loans — the types of loans, interest rates, balances, borrower benefits, and more — as well as your current financial situation.In 2013, for example, seven out of every 10 students graduated from public and private non-profit colleges with some level of student debt; the average amount of debt (both federal and private loans combined) owed by these students was ,400.