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Benefits include the following: Suspension of Monthly Payments : The US Department of Education automatically suspended payments on outstanding federal student loans. Payment relief includes both direct and FFEL (Federal Family Education Loans) loans and lasts through September 30, 2020. About Titan Consulting Group.
By connecting with representatives from debtconsolidation and debt relief companies, you’ll have someone to guide you and discuss specialized plans to pay down debt and meet your financial goals. DebtConsolidation. Debtconsolidation combines multiple smaller debts into one large loan or credit card.
To get the kind of education you want, you will probably need to take out a student loan to pay for the studies – and then spend years if not decades paying back such loans. Some students could be concerned about how existing debts impact your credit score , but there are some other things that could make it easier to worry about such things.
And the amount you owe continues to accrueinterest: In April 2020, Bill’s delinquent loan balance stood at $1,200. With interest and fees, his balance grew to $1,350 by January 2021. To correct errors and make a claim, contact the Department of Education.
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