Student Debt Facts

College costs have been rising for years, and that means student loan debt has grown as well. Many borrowers are finding themselves facing limited job prospects and struggling to make payments on large amounts of student debt.

  • 2/3 of students borrow money for college
  • 37 million borrowers currently owe student debt
  • The average student loan debt is over $35,000
  • Student loan debt now totals over 1 trillion dollars
  • Americans have more student debt than credit card debt
  • College costs are up 42% in the last 10 years
  • College costs are going up by 6% per year

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With these trends, it’s no surprise that many borrowers need help getting advice and assistance with their student loan repayment options.

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Student Loan Assistance

We offer student debt counseling to help anyone who has student loans and is concerned about being able to to keep up with the debt payments.

Our *certified, financial coaches offer a comprehensive review of your personal finances, including your income, expenses, and debts. We have over four decades of experience in helping 5.2 million consumers take control of their personal finances and become debt free. We apply all of this experience toward helping those with student debt.

Our counselors help individuals determine the best path to take, and our expert advice is tailored to every client’s unique situation. Our counselors can offer guidance on any of the federal student debt repayment options:

  • Income-based repayment plans
  • Deferment and Forbearance
  • Graduated repayment plans
  • Extended repayment plans
  • Student loan forgiveness
  • Pay as you earn program
  • Standard repayment plans
  • Income contingent and Income sensitive repayment

Try our calculator below to see how your repayment strategies affect the lifespan of your loan.

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Benefits of Student Loan Guidance

Student loan counseling is a great way for borrowers to take advantage of expert assistance and achieve financial freedom in the most effective way.

  • Experienced counselors
  • Service provided by a 501(c)3 nonprofit organization
  • Advice and assistance tailored for your unique situation
  • Repayment programs can save thousands over the life of a loan
  • Counseling addresses other kinds of loans, like housing and credit card debt

How we can help:

We’ll review your budget and expenses, and create a specific plan to help you take control of your personal finances. We can help you address all areas of your budget, including housing costs and credit card debts.

When it comes to your student debt, we’ll assess your loans and determine what programs you qualify for. Then we’ll help you understand the many options available to you and pick the ones that make the most sense for your situation. We’ll give you guidance every step of the way, so you have the right documents and fill out all application forms correctly.

What you need to do:

Simply pick up the phone and call. It helps if you have some information ready, like the type of student debt you have (federal or private), your basic financial data (income and expenses), and copies of your student loan documents.

You can start with a free online assessment that can give you an idea of what programs we can help you take advantage of. Contact a student debt counselor right now to get started.

College Bound?

Take advatage of our Planning Guide: Planning for Higher Education; Preparing for Graduation; Post Graduation / Exiting from School

*Our counselors are certified through the National Foundation for Credit Counseling, the nation’s largest nonprofit financial counseling organization and have earned qualifications in financial education, credit, budgeting and student loan repayment.