Counseling Services That’ll Help You Pay Off Student Loans

“More than 40 million young Americans now carry well over one trillion dollars in total student loan debt; with many only three years removed from graduation finding themselves in default at staggering rates,” said Jeff Davis, vice president of strategic development for Money Management International (MMI).

Davis, as well as many others are very concerned about the debt accumulated by young adults because of student loans. These concerns have sparked federally sponsored and local-level programs to appear throughout the U.S.. One nationwide program geared at student loans and credit repair is MMI. The nonprofit credit counseling service provide recently expanded their services to include student loan counseling.

Through the MMI student loan counseling program, participants will receive:

• Detailed financial analysis and a budget assessment to better understand overall financial capabilities;
• A comprehensive review of all available student loan repayment options, including specialized programs, such as income-specific plans, deferments and forbearances, loan consolidations, and student loan forgiveness;
• Education covering potential short- and long-term repercussions for each repayment option; and
• Unbiased recommendations and assistance with the application process for repayment plans supporting borrowers’ unique financial needs.
• After evaluating all appropriate student loan repayment options, borrowers and their student loan counselor will develop a detailed action plan so that every borrower leaves their counseling session with a plan to handle not only their student loan debt, but all their debt obligations and a specific strategy to reach their overall financial goals. 

MMI counselors also help borrowers outweigh their options if they are delinquent, in default, or facing wage garnishments. For more information about MMI student loan counseling services, call 866.864.8995 or visit StudentLoanCounseling.org.