Student Loans And Debt Sedona AZ

A former student has problems making her student loan payments.

Arizona State Credit Union
(928) 203-7552
140 Coffee Pot
Sedona, AZ
 
M&I Bank
(928) 204-8802
2010 W State Route
Sedona, AZ
 
National Bank of Arizona
(928) 204-1060
1470 W State
Sedona, AZ
 
Wells Fargo Bank - Fry's
(602) 528-7452
4202 W. Cactus Road
Phoenix, AZ
 
M & I Bank
(602) 863-5802
5504 W. Bell Road
Glendale, AZ
 
Desert Hills Bank - Sedona
(928) 282-7440
2785 W State
Sedona, AZ
 
Wells Fargo Bank
(928) 282-7145
2201 W State Route
Sedona, AZ
 
Chase Bank - Village of Oak Creek
(928) 284-1030
6666 State Route 179
Sedona, AZ
 
US Bank
(602) 467-4809
6841 W. Briles Rd
Peoria, AZ
 
Bank of Arizona, N.A.
(602) 808-5731
2398 E. Camelback Rd.
Phoenix, AZ
 

Student Loans And Debt

Provided by:

Q:  I have a student loan debt of 38K. I don't make enough money to pay back the required monthly bill.  How can I handle this without accumulating more debt? Thanks for all your help.

A: When you say "I don't have enough money to pay the required monthly bill" for your $38,000 of student loan debt, are you commenting on your original lender (or lenders) minimum payment(s) requested over the regular ten year repayment period?  If you're not already in a consolidation loan product, you perhaps need to be.

Consolidation loans allow you to s-t-r-e-t-c-h out your 38K in debt, and reduce the monthly payments to a figure you will find much easier to handle.  You can have at least twice the regular ten year time period to pay back your debt by using a Consolidation Loan, like the one my company offers.  

Or, you can check with your loan guarantor (generally a state agency or non-profit like USA Funds) to determine if any of your loan(s) qualifies for either a forbearance or even better, forgiveness. If your financial situation warrants, lenders will grant you a hardship forbearance to defer payments until you are steadier on your financial feet. 

Consolidation is often the best answer to reduce the size of the monthly bite, but first extinguish all options to reduce your debt (many states offer loan forgiveness for teachers, nurses, police, National Guard, etc.), or defer payment until able.  

 

John D. Wild
Director of Public Affairs
OneSimpleLoan®
www.onesimpleloan.com

Copyright ©2008, Young Money Media, LLC
...


Click here to read the rest of the article at YoungMoney.com.