Debt settlement and bill consolidation are two of the most typical types of debt relief. So with 60k in student loan debt already, i went back for a second graduate degree, this time (after a lot consulting with friends) in a diverse field i believed i would excel at. i graduated from a private college with, at this point, about 150k in student loan debt.
With federal student loans the student could have a number of options for extending the repayment period, but though an extension of the loan term will minimize the monthly payment, it will also enhance the amount of total interest paid on the principle balance during the life of the loan (the unpaid interest and any penalties become capitalized , i.e. added to the loan balance).
It can also be argued that these that have taken out student loans have also taken on the role of the proletariat simply because there is this conflict of owing cash and struggling to pay it back to those in energy that lend out the funds in the first place the bourgeoisie.
Private student loans can be availed of by students with good credit report, or when he is a regular employee or if he is permanent resident of US. To satisfy the these needs, he can apply with a co-signer who meets the minimum eligibility criteria and avail the private student loan.
Saddest of all, due to unconscionable legal protections for predatory student loan lenders and a lack of public outcry, there’s nothing at all Mom and Dad can do about it. To their fantastic credit they took the step to share this letter with the rest of us slaving under the HESAA student loan yoke.