National Debt Relief Named Best Student Debt Relief Provider By

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...the total cost to attend the University of Kentucky for a year is $24,729.

Kentucky is considered to be the home of thoroughbred horse breeding. And for good reason. If you were to search on the term "horse breeders in Kentucky," you would get 238 pages of results with 12 breeders per page. When you think of Kentucky, you probably think first of the Kentucky Derby, which is considered by most people to be America’s most prestigious horse race.

However, there is very little that’s prestigious about Kentuckians when it comes to debt. The state's average credit card debt per borrower is $6221, which is nearly $1000 higher than the national average. Kentucky’s median household income is just $40,072, which is substantially lower than that of the US as a whole and its students graduate owing an average of $22,384 in student loan debts. The reason for this is primarily due to the cost of going to college in Kentucky. For example, the total cost to attend the University of Kentucky for a year is $24,729. Western Kentucky University is a bit better at $20,173 but a year at a private school such as Georgetown College costs $44,373.

In response to this problem with student debt, recently completed a survey of the debt relief companies available to Kentuckians in order to determine which would be the best. What its analysis revealed is that the top two are National Debt Relief and SoFi (Social Finance Inc.) and of these two it ranked National Debt Relief as the best.

One of the most compelling aspects of National Debt Relief's student loan relief program is that the customer is not charged any upfront fees or maintenance fees. In fact, the way it charges its customers is totally performance-based. It either helps them with their student loan debts or it charges them nothing.

Michael Smith, a spokesman for said that, "We rank National Debt Relief number one for several reasons. One of the most important of these is that the company can provide its customers with many different repayment programs. This is due to the fact that it offers a suite of options for student loan repayment from the Department of Education. This allows the company to match up itsclient with the one that’s best suited to him or her given their financial circumstances." also gave National Debt Relief high marks because it's been in business since 2007 and has helped more than 100,000 families and individuals find debt relief. Plus, it has continuously maintained an A rating with the Better Business Bureau and its student debt counselors are available to its customers 24 hours a day, seven days a week.’s analysis of debt relief companies available to Kentuckians found that their second-best bet would be SoFi.

"We thought that SoFi could be a good option," said Smith. "However, we were concerned that it will consolidate federal student loans with private loans. Federal student loans come with many benefits including a number of different repayment options, deferment, loan forgiveness and even cancellation. Once these loans are consolidated with a private loan, all those benefits go away." was also troubled by the fact that SoFi’s consolidation loans offer no options for changing repayment plans. Once a customer takes out a loan from SoFi he or she is totally locked into a fixed interest rate and a fixed monthly payment. Finally,as pointed out SoFi relies on peer-to-peer loans. In fact its lenders are the alumni of the schools that the borrower is attending or attended. While there are 550 schools in the SoFi network, there is another several thousand that aren't. This means that people that are not attending or didn’t attend one of those 550 schools would be ineligible for a loan or loan restructuring from SoFi.

Residents of Kentucky who would like to learn more about these debt relief companies should go to for more information.

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Michael Smith
Student Loan Consolidation Reviews
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