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Unfortunately, there are not a lot of options available to students who need Help with Student Loans in Default. This is a real problem because studies show that in the third quarter of 2012 over 10 percent of student loans were 90 days delinquent. That is up from 6 percent in the same quarter of 2003. For a while bankruptcy could Help with Student Loans in Default but the law was changed in 2005 and student loans can no longer be discharged in that way.

When you graduate from college it is supposed to be the time that you start building your life and finding your career. But with a defaulted student loan you will have to start your journey with a massive disadvantage, one that will have an effect on your financial standing and security for years to come.

A few of the biggest disadvantages to a defaulted student loan are:

  • Stop Student Loan Default | Student Consulting GroupA collection agency may be brought in to force payment on your loan
  • Some student loans have fine print that force the student to pay extra collection costs
  • Your wages may be garnished to pay back the loan up to 25% of your total wage
  • Any tax refund that you were supposed to receive from the government may be intercepted, this is called a tax offset.
  • Your credit history will be damaged because of the defaulted loans
  • If you receive financial aid then it will be halted until you repay the loan
  • You will not be able to join the military or renew some professional licenses.

When you get tired of dealing with harassment from your creditors and the constant drain on your finances, remember there are people that can help. The Student Consulting Group was designed specifically to give Student Loan Debt Help. They can advise you on the best way eradicate your debt so you can get back to enjoying the most exciting time of your life. Don't waste another minute wondering how to get help with your student loans, call The Student Consulting Group now.

Student loans have always been a necessary evil but one that you could have paid off shortly after graduation. If you managed to get a good job, some lucky few even paid them off while still in school but that is no longer the case. It has now become common place for people to still owe on student loan debt well into adulthood.

The current Student Loan Debt has recently reached a staggering total of over 1 trillion dollars. Yes that is with a T. It is now the largest category of consumer debt next to mortgages. This is due to a combination of factors:

  • Student Loan Defaults | Student Loan Aid | Student Loan DebtsRampant unemployment in college graduates
  • High interest third party loans instead of low cost government funded loans
  • Student loans were removed from the list of debts that could be discharged through bankruptcy in 2005

In the third quarter of 2012, eleven percent of all student loans were at least ninety days overdue which is considered serious delinquency. This is based on numbers collected by the US Education Department. Since over 30 percent of 20-24 year olds do not have jobs, it is putting a staggering number of borrowers in danger of Student Loan Default.

Whereas college was once the goal of anyone that wanted to get on a fast track to a solid career, people now wonder whether it is worth the expense of tuition. It is, just nowhere near as much as it used to be. There is still a need for higher education and studies show that college graduates have an 87% chance of landing a job compared to the 64 percent chance of a high school graduate.

While there is legislation being considered to give borrowers with student loans relief, there is not any in place at the moment. If you are suffering under the crushing weight of student loans then you need to contact The Student Consulting Group. They can give you the assistance you need to get out from under and start building the life you want.

Thursday, 27 June 2013 17:15

Let Us Know How We Did!

If we helped you to overcome your student loan debt problems we would love for you to tell us how well we did!  We would really appreciate you taking a moment of your time to leave us a review on one of the sites below so that we can reach out and help others just like you.

Thank you for letting us gain your business, we hope to hear from you soon.

- The Student Consulting Group Team

At The Student Consulting Group we can help you tackle your student loan debt and get your loans back to a manageable state. Sometimes we are asked, “Wait, can't I just this myself for free?” the answer to that isn't exactly simple because there are a few things that you should know before you make your decision.

Can't I access these same student loan services for free?

Student Loan HelpShort answer, sure. However, you should also realize that you can file for bankruptcy alone, prepare your own taxes and legally represent yourself in a court of law. You wouldn't dare venture into those scenarios without the assistance of an attorney or an accountant. That's because they understand exactly what needs to happen to get you the best possible outcome in each situation.

Student loan management is no different. You are going to want a professional that is well-versed in these student loan management programs to help you thought the various steps of getting relief. If you were to take the chance and go at this yourself, your risking spending thousands of dollars…

How can the consultants at The Student Consulting Group help?

  • We can help you to stop wage garnishment
  • Help get your student loans out of default
  • Help stop federal and state tax offsets
  • Assist you with student loan forgiveness
  • Reduce your monthly student loan payments

The programs that can help you manage your student loan debt are available to anyone. However having someone to guide you that is experienced in the process will greatly increase the chances of success.

Give us the chance to help you. Give one of our student loan consultants a call now to discuss your situation and your available options. Don't waste another day thinking about it, take action now and get on your way to a better financial future.

Defaulting on your student loans can create a downward spiral of financial troubles. Student loan defaults can kick start federal and state tax offsets, wage garnishment, collector harassment and hinder your ability to make payments on other bills you may have.

What will happen if my student loans default?

  • Student Loan DefaultYou may not be able to renew your professional license.
  • You may not be able to enter into the Armed Forces.
  • You loan could be turned over to a collection agency.
  • Your student loan promissory may have made your responsible for collection costs, this is usually 24.43%.
  • You could lose 15-25% of your pay to garnishment.
  • Your tax refunds, federal and state, could be offset.
  • Your defaulted student loan will be reported on your credit.

When collection agencies begin calling you regarding your student loans they may offer you an option for “fixing” or “repaying” your loan, but really they only care about benefiting their bottom line. They don't care if that option doesn't help you, or puts you in an even worse position.

At The Student Consulting Group we are very experienced in student loan management, and are fully educated and aware of all of the options available for fixing student loan defaults. Our bottom line is to help our clients get out from under their student loan debts.

We can help you stop wage garnishments, stop tax offsets, lower your monthly payments assist you with student loan forgiveness and help you to get your student loan out of default status.

It will only take a few minutes and a phone call to our consultants to discuss your situation and find out what options would be right for you. We want to help you get back on track to a brighter future. Don't waste another day, call now.

Student loan forgiveness could be the light at the end of the tunnel for those who are struggling under student loan debt. Currently 60% of Americans that attend college do so by taking out student loans to cover tuition. 37 million Americans currently have outstanding student loans. Odds are that you are one of these 37 million people who currently have student loan help and desperately need assistance.

The Student Consulting Group can help You with Student Loan Forgiveness!

When you call The Student Consulting Group we can discuss your current situation with you to determine which student loan forgiveness program might be right for you.

There are a few different options available for student loan forgiveness. Some examples include help for:

  • Student Loan Forgiveness | The Student Consulting GroupTeachers
  • Medical, Nursing and Mental Health Professionals
  • Lawyers and Legal Professionals
  • AmeriCorps Volunteers
  • Peace Corps Volunteers

The Student Consulting Group knows that there are millions of Americans that need student loan forgiveness and student loan debt relief. We have already helped over 12,000 clients with their student loans and assisted with over $480 million dollars in student loan debts.

We boast a 97.5% success rate when it comes to helping out clients manage their student loans and we believe that we can help you. It only takes a few minutes of your time to give us a call and speak with a consultant about your current situation and get you started on a plan that will suit your needs.

Make sure you call one of America's leaders in student loan debt assistance. Call The Student Consulting Group today!

Tuesday, 04 June 2013 17:18

Get Help With Student Loan Debts Now!

At The Student Consulting Group we are dedicated to helping graduates that are struggling under their student loan debts. There are millions of Americans that are being pushed below poverty lines all because they attempted to better their situation by furthering their education. If you are suffering because of your student loan debts you may feel alone, however there are millions of people just like you.

Facts You Might Not Know About Student Loan Debt:

  • The U.S. Student loan balance as of now is around $870 billion dollars (much higher than the nation's credit card debt of $693 billion)
  • Student loan delinquency rates are almost double that of any other household debt. Shockingly 1 on 4 of the 37 million student loan borrowers show past due or delinquent balances on their loans.
  • Medical care costs have inflated by 200% in the last 30 years, school tuition has increased by 400%.
  • Unemployment rates for college grads is over 9%.
  • $2,853.88 per second, that's how fast student loan debts are increasing the US.

The Student Consulting Group wants you to know that even with these discouraging numbers, you do have options.

Student Loan Debt Help | The Student Consulting GroupWe can help you with student loan debt by:

Calling the Student Consulting Group now will only take a few minutes of your time. We can offer you a free consultation to discuss your student loan situation and help you to create a plan of action to get you out from under them and on your way to your brighter future.

We have helped more that 12,000 clients and can boast a 97.5% success rate when it comes to helping them with their student loans. Don't wait another day, call us now!

Student loan forgiveness has helped thousands of people struggling under the weight of their student loan debts. President Obama has purposed a new bill that could save students billions of dollars over the next decade by expanding the program's income based repayment system. This has the potential to help many in the student loan forgiveness program.

A great education can make all the difference for people across the US. However, there are millions of Americans still paying for that education long after they have graduated.

This new bill that President Obama is pushing to enforce will give new students enrolling in 2014 options such as:


  • Student Loan Forgiveness | Obama | The Student Consulting GroupLimiting their payments to 10% of their income. Student loan borrowers choosing the income-based repayment plan will not have to pay more than 10% of their income above basic living allowance, currently the law calls for 15%.
  • Remaining Debt will be Forgiven after 20 years, or 10 years if you choose to enter into a career in Public Service. For borrowers that are responsible about their payments could see them completely forgiven after 20 years. That's reduced by 5 years with the current laws in place.
  • To be Fully funded by Student Loan Reforms. This new program will be funded by ceasing the current subsidies given to institutions that hand out guaranteed student loans. Starting July 1, all new loans will be direct loans delivered and collected by private companies under performance-based contracts with the Department of Education. According to the non-partisan Congressional Budget Office, ending these wasteful subsidies will free up nearly $68 billion for college affordability and deficit reduction over the next 11 years.

While these reforms will hopefully help us reduce student loan debt going forward, there are still millions of graduates that are suffering under their mounting student loan debts. Student Loan Forgiveness aid is not something you should have to strive for.

At The Student Consulting Group we can aid you in student loan forgiveness programs to get you on track to a debt-free future. It will only take a few minutes on the phone, don't wait call today!

Student Loan Servicers

Aspire Resources Inc.
CornerStone
COSTEP
Direct Loan Servicing Center (ACS)
Department of Education Student Loan Servicing Center (ACS)
EDGEucation Loans
EdManage
ESA/Edfinancial
FedLoan Servicing (PHEAA)
Granite State – GSMR
Great Lakes Educational Loan Services, Inc.
KSA Servicing
MOHELA
Nelnet
OSLA Servicing
Sallie Mae
VSAC Federal Loans

Student Loan Guaranty Agencies

American Education Services/PHEAA
American Student Assistance
California Student Aid Commission/EDFUND
College Assist
Connecticut Student Loan Foundation
Education Assistance Corporation
Educational Credit Management Corporation
Finance Authority of Maine
Florida Department of Education, OSFA
Georgia Student Finance Commission
Great Lakes Higher Education Guaranty Corporation
Higher Education Student Assistance Authority New Jersey
Illinois Student Assistance Commission
Iowa College Student Aid Commission
Kentucky Higher Education Assistance Authority
Louisiana Office of Student Financial Assistance
Michigan Higher Education Assistance Authority
Missouri Department of Higher Education
Montana Guaranteed Student Loan Program
National Student Loan Program
New Hampshire Higher Education Assistance Foundation
New Mexico Student Loan Guarantee Corporation
New York State Higher Education Services Corporation
North Carolina State Education Assistance Authority
Northwest Education Loan Association
Oklahoma Guaranteed Student Loan Program
Rhode Island Higher Education Assistance Authority
South Carolina Student Loan Corporation
Student Loan Guarantee Foundation of Arkansas
Student Loans of North Dakota
Tennessee Student Assistance Corporation
Texas Guaranteed Student Loan Corporation
United Student Aid (USA) Funds
Utah Higher Education Assistance Authority
Vermont Student Assistance Corporation

Student Loan Collection Agencies

Account Control Technology, Inc. 
Allied Interstate, Inc..
The CBE Group, Inc. 
Client Services, Inc. 
Coast Professional, Inc. 
CollectCorp.
Collection Technology, Inc. 
Collecto, Inc. Dba Collection Company of America
ConServe.
Debt Management and Collections Systems
DEBTCOM Incorporated (DCI) 
Delta Management Associates, Inc..
Diversified Collection Services, Inc./Performant 
Enterprise Recovery Systems, Inc. 
Financial Asset Management Systems, INC. (FAMS) 
FMS Investment Corp. (dba Financial Management Systems) 
GC Services 
Immediate Credit Recovery Inc. 
National Recoveries 
National Service Bureau, Inc. (NSB)
NCO
Pioneer Credit Recovery, Inc. 
Premiere Credit of North America, LLC 
Progressive Financial Services
Regency Credit, LLC 
Transworld Systems 
Van Ru Credit Corporation
West Asset Management, Inc. 
Windham Professionals, Inc. 

Wednesday, 08 May 2013 17:40

Copyright

All past, present, and future content and intellectual property of this website is solely owned by Student Consulting Group, Inc., is copyrighted and registered with the United States Library of Congress, and protected under United States Federal Copyright Laws. Any use or reproduction of the content of this website is strictly prohibited without express written consent by the owners and publishers ofthis website, Student Consulting Group, Inc. Any and all unauthorized use, infringement, or variation of content without written consent is in violation and punishable under United States Federal Law. Student Consulting Group, Inc., as owners and publishers of this website reserve the right to seek prosecution of any and all violations of this copyright, and recovery of any damages resulting from these violations in U.S. Federal court. Copyright 2011-2013.

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