More often than not, today's post-secondary students are having to depend on financial aid to pay for the rising costs of a college education before receiving their diploma.
In fact, in recent years 70% of college grads have accumulated student loans by the time they earn their degree. But what's worse is that 59% of the millennials exiting college have no idea when they will be able to pay their loans back.
And, with the overwhelming expense of an education from institutions of higher learning, who can blame them?
Once you are out in the real world, making payments on your loans can get more and more difficult.
Before long, you may find that your payments have reached past-due status. And then it can seem impossible to get student loans out of default.
In 2015, Forbes reported that the national average of attending college at a four-year public university was over $27,000 per year. And, you will pay over double that to attend a private four-year college, whose national average of yearly tuition reportedly weighed in at a hefty $59,000 plus around the same time.
It's no wonder that according to U.S. News and World Report, the average college graduate has over $37,000 in student loan debt.
And it doesn't appear that the dire financial situation for students is going to improve any time soon.
Students planning to attend college during the years 2018-2021 have even greater concerns, as the cost to attend an elite private university is forecasted to rise to over $330,000 dollars.
Are you one of the majority of college graduates today grappling with how to get student loans out of default?
If you answered yes, you're obviously not alone.
You may feel like your situation is hopeless, especially if your loans are currently already past due.
But luckily, there are programs in place that can help you get student loans out of default that may work for you.
Does your college debt seem insurmountable?
Student debt is often a source of major stress for Americans. When you can't afford to make the payments, that stress only multiplies.
Many times, if we are juggling to pay bills associated with the daily cost of living, student loans may not be a top priority. After all, sometimes you may have to choose between making a timely payment on your college loans or paying for groceries or a power bill, for example.
During periods of hardship, your student aid payments can easily get shuffled to the bottom of the stack.
After a month or two of not being able to make your payments on time, you may lose track of them altogether, forget about them, or become so overwhelmed by the situation that you simply can't bring yourself to deal with it at all.
But, unfortunately, unless you tackle the issue of student debt head-on, the loans that you had one day hoped to pay back, will still be there. And they could be hurting your financial future.
There is a solution which makes far more sense than waiting for your loans to magically disappear. And qualifying may be easier than you think.
Perhaps you have heard about the forgiveness programs out there today to help former college graduates like yourself get student loans out of default. But, you may not know where to start or who to contact.
There are federal programs in place that have been designed to help alleviate your debt, but there are forms that must be filled out and qualifications that you may need to meet. The process can be complex and frustrating to attempt on your own.
Just trying to determine which program is best suited for your specific set of circumstances can be confusing.
Forgiveness Processing offers former students a team of professionals who can help you to navigate your options and the necessary paperwork.
We even work on your behalf to bridge communication with the Department of Education.
And once we pinpoint a suitable program together, we will take care of completing your forms and submitting them to the appropriate designation.
The team of Forgiveness Processing professionals have successfully helped countless others get student loans out of default. And they can help you too.
Want to find out how to get back on track with your student loan payments?
If you want help to get student loans out of default, we've got the answer for you.
Almost anyone can qualify to get student loans out of default. And some may be able to qualify for more help, including forgiveness of all or part of your student loans.
In order to reach an agreeable compromise on your loan payments, it's important that you take action. And because it's unclear how long these programs may or may not last, it's in your best interest that you act as soon as you can to get the best deal possible.
Instead of continuing to let past due payments mount, falling further and further behind, or worrying each month if you will ever be able to catch your payments up, let Forgiveness Processing do the legwork for you.
You can be out of default and on with your life in no time.
Applying for help with your student loans is easy. And Forgiveness Processing will be there to walk you through the process every step of the way.
All you have to do to get started is to submit your application.
Then, you will be one step closer to getting the help you need and the freedom from student debt that you desire.
Don't wait for another payment to pass you by when you could be free of past due payments right now.
Get started with your application today!