Announces Top Two Options for Student Debt Strapped New Yorkers

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The Two Top Student Loan Debt Relief Companies in New York as Reviewed by logo
Columbia University costs an astronomical $64,949 a year.

If you don’t think New York City is densely populated, consider this—about one out of every 30 people living United States resides in New York City, and it has more people than 39 of the 50 states.The borough of Brooklyn on its own would be the fourth largest city in the United States; Queens would also rank fourth nationally. These are all according to

When you think about New York, the last thing you would probably think about is farming, but the state has more than 18,000 cattle or calves farms.

Like the rest of the U.S., the cost of attending college in New York continues to increase.

For example, it costs an in-state student $24,109 to attend the University at Albany, State University of New York for just one year. Even Adirondack Community College in Queensbury, New York costs an in-state student $18,461, and Columbia University costs an astronomical $64,949 a year.

Given these numbers, it’s no wonder that 60% of New York’s students get student loans to pay for their educations. Last year’s graduates owed an average of $25,537, which ranks New York as the 27th worst in the nation.

An even more depressing fact is that people age 40 to 49 owe more than $154 billion in student debt, suggesting that problems with repaying student loans are not confined to just the young. became concerned with the student loan problems confronting New Yorkers and decided to analyze the debt relief options available to them. In doing so, it discovered that the two best are National Debt Relief and SoFi (Social Finance Inc.).

"While both these organizations can provide relief from student debts, they go about it in radically different ways," said’s Michael Smith. "As you might guess from its name, SoFi is a social organization. It offers both fixed and variable rate loans at attractive interest rates, but they are available only to certain kinds of people. The company has 550 member colleges and universities, and you must either be attending or an alumnus of one of them to be eligible for a loan from SoFi.

In comparison, National Debt Relief is a professional debt relief organization that has been in business since 2007 and has helped more than 100,000 families and individuals achieve debt relief through debt settlement. Instead of offering loans as a way to achieve debt relief, National Debt Relief will analyze a customer's financial position and his or her student loan portfolio, and then look for a repayment program with better terms and lower monthly payments than what he or she currently has.

Paul Ritz of National Debt Relief has said, “There are seven different repayment programs available to people who have federal loans. Unfortunately, most people do not realize there are so many options so they tend to stay in 10-Year Standard Repayment even though this may not be their best option. We review their financial circumstances and then recommend the repayment program that's best for her or him. We will even prepare the paperwork required to get a client into a new program though, of course, people can do this themselves for free. And if we are not able to find a better repayment program, we charge the customer nothing. In other words, our service is totally performance-based."

National Debt Relief consistently maintains an A rating with the Better Business Bureau and is a member of the American Fair Credit Council.

Residents of New York that are struggling with student loans that would like to know more about National Debt Relief and SoFi should go to the site:

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Jimmy Saver
Student Loan Consolidation Reviews
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Michael Smith

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