The dismal fact is that 54% of
There are, of course, several reasons why graduating students owe so much on their student loans. However, one of the primary causes is the cost of attending college. As an example of this, the total cost of attending
When you couple this with
The website StudentLoanconsolidationreviews.org recently evaluated the student debt relief companies available to Arizonans and revealed what it found to be the top two – National Debt Relief and SoFi (
StudentLoanconsolidationreviews.org ranked National Debt Relief as its top choice in student loan debt relief for several reasons. For one thing, the company operates in a very ethical manner. As an example of this, it charges its customers nothing upfront. National Debt Relief ranks highly in customer satisfaction and has continuously maintained an A rating with the Better Business.
In describing his company's service, spokesman
StudentLoanconsolidationreviews.org also liked the fact that this service is totally performance-based. If National Debt Relief is not able to find a better program than what its client currently has, it charges nothing.
StudentLoanconsolidationreviews.org ranked SoFi second in student debt consolidation. This company was started by a group of business students at
SoFi offers debt consolidation loans and loan refinancing services and both fixed-rate and variable-rate loans and terms of five, 10 or 15 years.
One problem with SoFi is that its loans are very inflexible. They have a fixed interest rate and a fixed term and no ability to change repayment plans. Plus, if a person let's SoFi consolidate both federal and private loans, he or she immediately loses all the benefits that come with a federal loan. This would include repayment plans based on income, and student loan forgiveness programs.
A second problem that StudentLoanconsolidationreviews.org found with SoFi is that the loans actually come from alumni of the school that the borrower is attending or attended. This means he or she must be a student in or an alumnus of a school that is part of the SoFi lending network. What this translates into is if you are not attending or are not an alumnus of one of the SoFi schools you would not be eligible for a SoFi loan. In comparison, National Debt Relief offers its services to everyone.
Arizonans that struggling with student loan debts should definitely go to the website Studentloanconsolidationreviews.org to get more information on these two companies and on student loan debt relief in general.
Read the full story at http://www.prweb.com/releases/student_loan_debt_relief/for_Arizona/prweb12065779.htm
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