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26-Jan-2018 00:44

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Some of these plans are need-based and only available to certain eligible borrowers.Others are available to most federal student loan borrowers.Over the past several years, more student loan borrowers are finding themselves buried under overwhelming student loan debt.Today, over 43 million Americans have student loan debt.

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Those savings can then go toward extra payments to get out of debt even faster.Even more shocking, total student loan debt in the country has increased a whopping 84 percent since the recession, amounting to 1.23 trillion dollars — yes, trillion with a “T.” As student loan debt has turned into a full-fledged crisis, student loan refinancing companies have emerged to provide relief to student loan borrowers.