Our economy is facing the biggest student loan debt bubble in the history of the world, and as our new college graduates enter the “real world” they are finding out that the good jobs they were promised are very few and far between. As a recent graduate, one may face uncertainty in the job market and may begin to struggle to make timely payments on his or her student loans. National Student Loan Assistance Center was founded to provide help to borrowers burdened by their Federal Student Loan debt. About two-thirds of college graduates have taken out loans to help pay for their education, with an average borrower owing over $23,000. This debt is particularly burdensome for graduates who enter lower-paying careers, suffer setbacks such as unemployment or serious illness, or who do not complete their degrees. We are passionate about providing an excellent level of service and direction to put our clients in a more manageable position with their student loan obligations.
Consolidation continues to provide help for those already in the workforce. Recent graduates and others in the workforce who are still struggling to pay off their student loans can immediately take advantage of the current income-based repayment plan that caps payments at 10% of the borrower’s discretionary income to help them manage their debt. Currently, more than 36 million Americans have federal student loan debt, but fewer than 450,000 Americans participate in income-based repayment. Millions more may be eligible to reduce their monthly payments to an amount affordable based on income and family size. The Administration is taking steps to make it easier to participate in IBR and continues to reach out to borrowers to let them know about the program.
NSLAC is a private organization and is not a government entity. NSLAC is a Document Preparation and Tracking Service. Our free Federal Student Loan informational session will identify what Federal programs are available for you and does not constitute legal or financial advice. Our service is only for the Preparation and Tracking of your Federal Student Loan Consolidation Documents. Consumers may choose to complete their own consolidation documents based on the federal programs and are not obligated to use a third party resource such as NSLAC. NSLAC does not facilitate the negotiation of a debt, the settlement of a debt or the altering of a debt. Our services are only for the assistance and completion of federal student loan consolidation documents. NSLAC will not pay your student loans for you or on your behalf. Results may very and are solely based on the federal consolidation program you choose.