Student Loan Repayments to Resume in October: My Education Solutions Provides Student Loan Management Services for Borrowers Pressed for Time and Money
Summary
While forgoing monthly payments may seem like a temporary solution, it is important to remember that the interest will continue to accrue, making the loan more difficult to pay off in the long run. There are a number of options available to borrowers.“The student loan debt crisis is a serious problem for Texas families and businesses,” said Christina Randell, President of My Education Solutions. “It’s best that they just start paying to work down the balance owed.”For those who are worried about the additional expense to their monthly budget, Randell stresses the importance of researching the options available: Loan Consolidation, Income-driven repayment (IDR) plans such as the SAVE plan, and Student loan forgiveness programs and waivers.For busy professionals pressed for time and seeking to reduce the amount of their monthly payments, there is another option. Our Advisors audit the accounts monthly to catch Servicer errors and work with them to rectify the problems for our Clients, saving them time, and money.”“I was initially stressed knowing that I needed to make repayments this year. They offer live support and assistance in navigating the complex student loan repayment and forgiveness processes.If you would like more information on this topic, please contact Meisie Beauvais at MBeauvais@MyEduSolutions.com or call 210-686-2845.