Student Loan Debt | LSS Financial Counseling

Student Loan Debt | LSS Financial Counseling

Three young adults looking at paperworkHaving bother paying off your student loan debt or understanding your student loan forgiveness compensation choices?

Whether you’re in class proper now, within the means of paying your loans off, or serving to another person with their student loans, we’re right here to information you thru the choices and enable you develop a fee motion plan.

Our licensed student loan counselors provide steering for federal student loans, state student loans, non-public student loans and student loan forgiveness progams. This contains seeing in case you are eligible for the Public Service Loan Forgiveness Program (PSLF) and speaking about compensation plan choices reminiscent of time-based and income-driven compensation plans.

Without a plan, it will probably take years or a long time to repay student loans and the curiosity accrued.

Student loan forgiveness from loan funds on federal student loans because of the COVID-19 pandemic — also referred to as a forbearance — started with the passage of the federal CARES Act in March 2020. Forbearance has since been prolonged via August 31, 2022. This implies that debtors can briefly cease making student loan funds in the event that they select. This is an effective time to judge your choices and make a plan earlier than your student loan funds are due once more.

How an LSS Student Loan Counselor Can Assist

Our trusted nonprofit student loan counselors can help in two methods: by offering free skilled recommendation for student loan compensation and ensuring you’re conscious of accessible sources to assist ease the burden.

LSS student loan counselors will:

  • Explore student loan compensation choices for all student loans and your potential options.
  • Determine your eligibility for federal student loan compensation packages.
  • Support you with a holistic strategy and in making a funds to cowl month-to-month bills, together with student loan funds.
  • Work with you to contact non-public lenders to find out attainable student loan compensation options.
  • Help you provide you with a plan to keep away from default and the associated penalties.
  • Assist you in bringing your student loans present if you happen to’ve fallen behind on funds or are in default.
  • Create an individualized motion plan that will help you regain management of your funds.
READ:   Coronavirus Fears Suppress Student Loan Rates

Contact Us & Get Started

Women on computerIf you want to be taught extra concerning the providers we offer or methods to begin receiving assist, please name 888.577.2227, electronic mail us or full our brief contact type.

Our free and confidential providers can be found nationwide by cellphone. For in-person appointments view our workplace places to discover a location close to you!

We have counselors who’re fluent in English, Spanish and Hmong. Interpretation, Telecommunications Device for the Deaf (TDD), and TeleTYpe (TYY) providers can be found as wanted.

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Phone, Virtual or In-Person Appointment

Call 888.577.2227 to schedule a cellphone or digital appointment at a time handy for you. Or arrange an in-person appointment at certainly one of our Minnesota or Wisconsin places.

Please be aware: to restrict the unfold of the coronavirus, we’re at the moment providing cellphone appointments. We will reintroduce in-person appointments at a later date.

Please be aware: we don’t present retirement planning providers or funding recommendation.


Testimonials & Resources

Learn extra about how we are able to help you thru some testimonials and extra sources. 

What Do I Need for Counseling?

In order in your monetary counseling session to be most efficient, it’s useful to have the next data obtainable:

  • Your month-to-month revenue.
  • Typical month-to-month bills.
  • Statements out of your collectors.
  • Any different data you consider could be useful in understanding your monetary state of affairs.

Don’t have every part? Don’t fear. Call us and we assist information you thru the method.