Student Loan Counseling

By -

With average student loan debt per graduate a staggering $39,400, student loans continue to create problems for individuals, families and the economy at large.

“Student loans are in crisis with two in five borrowers likely to default within five years,” states a study published in January 2018 by the Brookings Institute.
Student Loan debt has become such a major issue that there is now a TV game show based entirely on the payment of student loan debt - TruTV’s Paid Off With Michael Torpey.


Consumer Credit Counseling Service wants Western New York residents to know that although they cannot solve the student loan debt problem, they have a program that can help. It’s our region’s only program.

CCCS began its program in 2012, in response to the need for education and assistance with student loans. In the past six years, we have helped 765 achieve a level of financial freedom previously unknown. 


In our program, Nationally Certified Student Loan counselors work with a broad cross section of the community to:

•                    Evaluate student loan debt (current or in default)

•                    Explore options for student loans including deferments, forbearances, alternative repayment plans, and consolidation loans and forgiveness options

•                    Assist in applying for the appropriate option

•                    Assist in communicating with the lender, as needed

•                    Review credit score, credit report and living expenses

•                    Set appropriate financial goals

The financial counseling services we provide help student loan borrowers chart a course for financial stability.
For more information or to schedule an appointment, please call 716-712-2060 or 1-800-926-9685.

Comments

Post a Comment

Popular posts from this blog

Free “PC Health Check” at Office Depot Cost Customers a Whole Lot

By -
Office Depot and OfficeMax stores offered customers a free “PC Health Check”, but according to the FTC, customers who used this "free service" between 2009 and 2016 were incorrectly and deceptively told their computers were infected with viruses. The results prompted some customers to purchase additional services from the companies, which cost customers up to $300. Office Depot, Inc. and Support.com, Inc. agreed to settled with the FTC to resolve these allegations. $35 million will be handed over to the FTC, and the FTC anticipates using these settlement monies for refunds. Complaints on matters such as these, or other areas such as Identity Theft and other scams can be submitted to the FTC here: https://www.ftccomplaintassistant.gov/   Speak up, take action!
Read more

Loan Cancellation for Student Loan Borrowers Who Attended Corinthian Colleges

By -
Today, the U.S. Department of Education announced the cancellation of $5.8 billion in federal student loans for 560,000 individuals who borrowed to attend schools owned by Corinthian Colleges, the for-profit college conglomerate that is now defunct. Corinthian was a notorious repeat offender that defrauded its students and the public over many years. This loan cancellation would not have been possible without the tenacity of so many individual student loan borrowers harmed by Corinthian’s tactics. Many of them came forward to law enforcement agencies and regulators to detail systemic abuses. Others even had the courage to make their stories public to urge government authorities to act, rather than sitting on the sidelines. Over the last decade, I had the opportunity to speak with many of them to learn about Corinthian’s conduct. The Consumer Financial Protection Bureau and state attorney general actively pursued Corinthian for its misconduct. The CFPB filed a lawsuit in 2014, obt
Read more

One Time Federal Student Loan Debt Relief Application is Open!

By -
  The Application for the one time Federal Student Loan Debt Relief is open to Federal Student Loan Borrowers! Visit  https://studentaid.gov/debt-relief/application   to fill out the quick simple form today. You don't need your FSA ID log in. You will simply fill out your contact information, date of birth and social security number. What Is Federal Student Loan Debt Relief? It’s a program that provides eligible borrowers with full or partial discharge of loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients. Who Qualifies? Individuals who made less than $125,000 in 2021 or 2020 Families that made less than $250,000 in 2021 or 2020 If you filed federal taxes, your income requirements are based on your adjusted gross income (AGI), which tends to be lower than your total income. Your AGI can be found on line 11 of the IRS Form 1040. How It Works Apply today (but no later than Dec. 31, 2023). We’ll determine your eligibility and will conta
Read more