Augh the dreaded student loans! Student loans are the actual can’t live with them can’t live without them, type of deal. You have to pay to go to college for four years then sit a desk for another handful of years to pay for the 4 years that you sat in a college classroom. Don’t get us wrong we are not against student loans. What we are against is the private institutions who make deals with kids to lend them money before these kids fully understand what they are getting into. By the time some of these young adults get what they have gotten themselves into it is already too late.
Know What You Can Afford To Borrow
We are going to start out with our prevention services so to speak. If you have a kid who is going to be starting college we can help you figure out how to best structure his student loan. The best way to do that is to know what you can afford to borrow. Student loans are a great way to bridge the gap between the university that parents can afford and the school we want to get into. Choosing the correct student loan will be the first important financial decision that kids will have to make. The main idea here is allowing kids to go to the school they chose without having to pay for that choice the rest of their adult life!
Adjust Monthly Payments
A lot of loans will include what is called deferment this means that you won’t have to start paying the loans until you are out of school in most cases. This sounds great until you start paying monthly fees with massive added interests. We can help you restructure that deal to make sure that your student loans don’t put too much stress on your young career.
I Want To Pay Up Now!
So you’ve built up enough savings to be able to pay up your student loans and make them go away forever! Congratulations that is an awesome feeling and a great situation to be in! We can help you reach a settlement deal with the financial institution that you borrowed money from to make sure that they considerably reduce the interests rates you would have paid had you stuck to the payment plan. This process is usually not that difficult as these institutions will be as eager to see you pay them back as you will be to get them off your back! Chances are we can work out a great deal!
I Need A Longer Deferment Period
As we mentioned deferment periods usually allow you not to pay your loans when you are still in college and most of the time include a 6 month grace period to allow you to find a job after you finish school. Six months may not be enough for some people. Either because you want more to find a job or because you want to be able to save up for something you need later down the road. We can help you negotiate these issues!