Bank of america consolidating debt
Learn more about how to consolidate student loans and federal programs that could reduce or eliminate student loan debt. Read More For you and many students like you, graduation from college does not come with a job. The average borrower in the college class of 2017 is expected to carry more than ,000 in student loan debt, which may be accompanied by growing credit card debt, as well as an auto loan and maybe even a mortgage.
If you took out a loan to pay for college, you are probably paying too much, and could potentially save thousands through refinancing!Let's look at various options for dealing with student debt: discharge, forgiveness, repayment, debt consolidation – and finally, the worst that can happen if you simply don’t pay.For a federal education loan to be discharged, there must be circumstances beyond the borrower’s control that prohibit repayment.Student debt has reached an all-time high in the U. of late, with an estimated 40 million people now owing an average balance of ,000, according to credit report company Experian.With student loans soaring, debt-saddled students and graduates are desperate for any strategy that may help them escape their burden.