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How to Repay Student Loans

Learn how to repay student loans more easily.

When you are overwhelmed by student education loans and want to know how to repay student loans more easily, the professional credit counselors at American Consumer Credit Counseling (ACCC) can provide detailed answers. As a nonprofit organization dedicated to helping people get out of debt, we provide free credit counseling and educational materials to help you better understand your options.

Student debt can affect individuals well into their 30s, 40s and 50s. When you’re burdened by student loans, you may not be able to achieve significant financial goals like owning a home, saving for retirement or paying for education for your children. That’s why so many people with college debt come to ACCC to learn how to repay student loans more effectively.

How to repay student loans with help from ACCC.

In your free credit counseling session at ACCC, our credit counselors will work with you to get a clear picture of your financial situation. We’ll analyze your income, expenses and assets, and then walk you through all of the student loan services available to you.

Our counselors can show you how to repay student loans in a variety of ways. We can show you how to repay student loans faster by lowering your interest rates, or how to repay student loans with smaller monthly payments by extending the length of your loan. You can also learn how to repay student loans with help from various government programs.

Options for how to repay student loans.

Some of options to repay student loan debt include:

  • Restructuring your payment plan. Some payment plans lower your monthly payment by extending the term of the loan, while other plans allow you to pay less now but require higher payments later.
  • Student loan debt consolidation. This involves taking out one new loan to pay off multiple existing loans. ACCC counselors can share with you the pros and cons of this approach and show you the most effective way for how to repay student loans through consolidation.
  • Having your loan forgiven. You may be eligible for a student loan forgiveness program if you have entered a field such as teaching, the military, public service or healthcare, or if you work for certain government agencies or nonprofit organizations.
  • Seeking deferment or forbearance. If you are facing economic hardship, you may be able to stop making payments on your loans for a period of time until your financial situation improves.

Learn more about how to repay student loans with ACCC, and how to seek student loan default help.

American Consumer Credit Counseling (ACCC) is a non-profit organization providing free credit counseling, low-cost debt management services and homebuyer education to first time house buyers as well as those re-entering the housing market. Available on desktops, laptops and mobile devices, ACCC's online home buyer course provides help for first time buyers and the certification required to close on certain loans. ACCC's online home buyers course provides everything buyers need to know about purchasing a home – from working with realtors to preparing for closing. In addition to a first home buyers course, ACCC also offers counseling for consumers considering reverse mortgage solutions, with information about qualifying for a reverse mortgage and answers to questions like "How do reverse mortgages work?"

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