Omaha, NE (PRWEB) September 04, 2014
The national TV program Good Morning America recently declared that Nebraska is the "happiest place in the nation." This is due to the way the state is getting through the economics storm according to a study done by MainStreet.com called the Happiness Index. Nebraska gave us Kool-Aid and Cliff Notes and is the home of the world's richest person Warren Buffett. “It is just feeling better than the rest of us,” a writer from MainStreet.com said.
Unfortunately Nebraska students may not be as happy as the population in general as they graduated this past year owing an average of $26,473, which ranks the state 23rd in the nation. And 63% of Nebraska students were unable to get through school without student loans.
“We saw that many Nebraskans were struggling with their student debts," said Michael Smith, a spokesman for Studentloanconsolidationreviews.org. “So we decided to analyze the debt relief options available to Nebraskans. What we learned is that the two best alternatives are National Debt Relief and SoFi (Social Finance Inc.)."
While both National Debt Relief and SoFi can be good options for student debt-strapped Nebraskans, the two have dramatically different business models. National Debt Relief was founded seven years ago and has helped thousands of families and individuals find relief from their debts through debt settlement. It recently introduced a new service aimed at helping people that are struggling with their student debts. On the other hand, SoFi is more of a social community. It offers both fixed and variable interest rate loans beginning at a reasonable 2.66% but its loans are restricted to those who are attending or graduated from one of the 550 colleges and universities in SoFi’s network.
"The biggest problem for people struggling to repay their student loans is that they don't understand the options available," said Paul Ritz of National Debt Relief. “When people graduate from college they are automatically put into what's called 10-Year Standard Repayment. However, there are six other repayment options available, one of which could be a much better fit. What we do in this new service is analyze each client's financial situation and federal student loan portfolio. We then find and recommend that repayment program which would be best for him or her.”
Studentloanconsolidationreviews.org rated National Debt Relief "best" based on several factors. One of the most important of these is that it is totally performance driven. If the company is unable to find a repayment program for a client with better terms and a lower monthly payment, it charges that client nothing.
"Once we find a new repayment program for a client," Ritz said, "we will even prepare the paperwork necessary to get that person into the new program. Of course, people can do these themselves but many of them choose to let our professionals handle the task for them as it can be very confusing and time consuming."
National Debt Relief consistently maintains an A rating with the Better Business Bureau and its counselors are both experienced and licensed.
SoFi can be an attractive alternative for people who have decided their best option would be a student loan or a debt consolidation loan. As noted above, it has loans at very attractive rates. Plus it offers its borrowers loan deferment in the event that they become unemployed and will even help them find new jobs. One reason why SoFi was ranked below National Debt Relief is because it offers only the two options – student loans and student loan debt consolidation. In comparison, National Debt Relief offers its clients a number of repayment options through the US Department of Education so that it is able to get a client into that repayment program which best fits him or her given their financial circumstances.
Nebraskans that are having a problem with their student loan debts should go to the site http://www.Studentloanconsolidationreviews.org for more information on National Debt Relief and SoFi.