By lowering your interest rate, less additional money will be added to your total balance each month, ultimately saving you money!
Most lenders also allow you to refinance and consolidate multiple loans into one, making repayment much more manageable.
Nowadays, 7 out of 10 college graduates have student debt and the average has over ,000!
If you took out a loan to pay for college, you are probably paying too much, and could potentially save thousands through refinancing!
This page explains the student loan bankruptcy discharge process in detail, walking you through the different types of Bankruptcies (Chapter 7 vs.
Chapter 13), explaining what an “undue hardship” test entails, and offering advice on how to figure out if you have a real chance at getting approved to have your loans discharged.
As such, most experts recommend using them only to supplement federally-backed loans and scholarships.
The new lender pays off your old one and gives you a new one with new, hopefully lower interest rate.Anecdotal reports from lawyers in Florida, New York, Michigan, Pennsylvania, New Hampshire, and California confirm an unusual number of lawsuits filed by NCT in those states.Since student loan lawsuits are often filed in district or superior courts where online access is spotty, exact figures are difficult, permitting NCT to fly under the radar of mainstream media until now.This is an extraordinary number by any reckoning, averaging out to almost one per day.Similarly, an online database in Connecticut reports 349 NCT cases filed since 2011.