Missourians Trapped In Student Debt Have Two Best Options For Relief According to Studentloanconsolidationreviews.org
Jefferson City, MO (PRWEB) September 15, 2014 -- Missouri has long been known as the Show Me State though most residents probably don’t know why. There are several explanations for this but its origins are usually credited to a speech made in 1899 by Congressman Willard Vandiver who declared, “I come from a state that raises corn and cotton, cockleburs and Democrats, and frothy eloquence neither convinces nor satisfies me. I’m from Missouri and you have got to show me.”
An indisputable fact about the state of Missouri is that 63% of its students are forced to take out student loans to pay for their educations. This is three points higher than the national average of 60%. Furthermore, Missouri students graduated this past year owing an average of $27.232. This ranked the state 38th in the nation.
An even more disturbing statistic is that people age 40-49 owe $154 billion in student loan debt and the 50-59 age bracket owes $106 billion and that out of nearly 40 million student loan borrowers, about seven million have defaulted
“We felt that Missourians struggling with student debt should have help available,” said Michal Smith, a spokesman for Studentloanconsolidationreviews.org. “We did an analysis of the debt relief companies available to Missouri residents and determined that the best two are National Debt Relief and SoFi.”
National Debt Relief was ranked best based on several criteria. One of the most important of these is that the company charges no upfront fees. It will analyze a customer’s financial picture including current earnings, debts, family size, future earnings and general financial picture and then review its student loan portfolio. If it is able to find a customer a better repayment program than what he or she currently has, National Debt Relief recommends it to its customer. If the customer approves, National Debt Relief will draw funds into an escrow account under the client's control and begin the student loan relief process by working directly with the Department of Education (DOE) to attain final approval on the most viable repayment option for that particular customer. In other words, National Debt Relief charges a customer nothing unless it is able to find a repayment program that he or she accepts.
In discussing the company’s new student debt relief service, National Debt Relief spokesman Paul Ritz noted that, “We offer all the student loan consolidation programs available from the Department of Education. This allows us to provide a client with the one that’s best suited to him or her given their financial circumstances.
“A school such as the University of Missouri now costs an in-state student a total of $23,136 a year and even Missouri State University costs$19,581 a year,” reported National Debt Relief spokesman, Paul Ritz. “Given this we felt it important to create a new service designed to help student debt-strapped Missourians achieve relief.”
Studentloanconsolidationreviews.org also gave National Debt Relief high marks as it has constantly maintained an A rating with the Better Business Bureau and that its counselors are both experienced and licensed.
The organization ranked second best for student debt relief byStudentloanconsolidationreviews.org was SoFi (Social Finance Inc.). It offers student loans and student debt consolidation loans with both fixed and variable interest rates starting at a 3.63%. SoFi is actually a kind of community in that its loans come from the alumni of 550 participating schools and only students that are attending or are an alumnus of one of these schools are eligible can get loans.Studentloanconsolidationreviews.org also liked SoFi because it offers its customers career support and unemployment protection.
“SoFi has much to offer,” said Smith,” but we ranked it second principally because of its repayment plans. Once you get a loan from SoFi your monthly payments and term are fixed with no possibility for change. In comparison, with National Debt Relief if you run into serious financial problems it’s possible to change to a different and more affordable repayment program.”
Missourians trapped in student debt that would like to know more about SoFi and National Debt Relief should go to the site http://www.Studentloanconsolidationreviews.org.
Jimmy Saver, Best Debt Consolidation Loans, http://www.bestdebtconsolidationloans.org/, +1 (877) 869-5111, [email protected]
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