Best Student Loan Debt Settlement Companies | April 2021
A debt settlement may be an option worth considering if you're struggling to repay your student loans and you're already behind in your payments. Although it has significant drawabacks, it can be better than filing for bankruptcy or simply not paying your debt. To help you get the best possible outcome, here are our picks for the best student loan debt settlement companies.
Student loans are a necessary evil for many pursuing higher education. With the average student owing $24,000 per year for college ($96,000 for four years), more than 50% of families are left with no choice but to borrow. And while loans may be taken out with the best intentions, life doesn't always go according to plan after graduation.
Maybe you didn't get the salary you had planned on or graduated during a recession. Whatever the case may be, it turns out, about one in five students fall behind on their payments, according to the Federal Reserve.
If you can't afford to repay your student loans, you may be able to settle your federal or private student loans for less than you owe. However, negotiating student loans is not easy. In many cases it pays off to hire experts, such as a debt settlement firm or a student tax debt attorney. To help improve your odds, here's a look at the best debt settlement companies for student loans.