Ways to Help Million Of Americans With Student Loan Debit Crises

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• Ways to Help Million Of Americans With Student
  Loan Debit Crises
• There are 44 million student loan borrowers
  holding a total of almost 1.5 trillion in
  student-loan debt. Figures Said Ten million or
  more federal student-loan borrowers are in
  default. As Per Survey By Student Loan Help
  Center, There CEO Bruce Mesnekoff said One in
  seven borrowers will default on federal student
  loans within three years of repayment. In total,
  more than 50 percent of people saddled with
  student debt are unable to pay their debts at
  all.
• Bruce Mesnekoff Said Under Graduate or Just
  Graduate borrowers are finding it difficult to
  keep up with their monthly payments, choosing to
  delay starting families and buying homes Older
  borrowers also are affected, with over one-third
  of borrowers over the age of 40 troubled to
  remain current on their loan payments.
• The Student Loan help Center Team with Bruce
  Mesnekoff in Our Studio and talking about Free
  Federal Schemes, As Bruce Mesnekoff Said Many
  borrowers are unaware of the free federal-
  government programs that exist to help ease their
  debt burden. The student-loan servicing
  companies hired by the Department of Education
  often fail to provide enough information to
  accurately inform and assist the borrower,
  leaving room for unscrupulous companies who
  charge unwitting borrowers thousands of dollars
  to enroll in free government programs.
• Increase Awareness about Government Plans
• As per Bruce Mesnekoff from Student Loan Help
  Center Said USA Gov. Provides Four income-driven
  repayment plans
• Revised Pay As You Earn Repayment Plan (REPAYE
  Plan)
• Pay As You Earn Repayment Plan (PAYE Plan)
• Income-Based Repayment Plan (IBR Plan)
• Income-Contingent Repayment Plan (ICR Plan)
• Due to Less Awareness People should know about
  these plans through official Website.

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• Make Repayment Options Easy (including PSLF)
• Expand and protect repayment options and create
  simplified systems for enrollment.
• There are currently over 30 different repayment
  plans, with confusing and sometimes onerous
  requirements to enroll and maintain benefits.
• Backdoor tax surprises on loan forgiveness in
  current law should be eliminated.
• Automatic renewal systems, instead of the current
  annual recertification process, would prevent
  borrowers from accidentally losing their
  repayment plan benefits.
• Public Service Loan Forgiveness can be made
  proportional for each year of service.
• Student Loan Servicer Accountability and Consumer
  Protections
• The servicing companies the Department of
  Education presently contracts with too typically
  contribute to the student-debt crisis.
• Student-loan-servicer accountability measures
  embrace cutting contracts with lawbreaking
  servicers absolutely implementing President
  Obamas Borrowers Bill of Rights and providing a
  personal right of action against loan servicers.
• Consumer-protection measures embrace extending
  the protections that federal borrowers relish to
  personal student-loan borrowers, as well as caps
  on interest rates, versatile reimbursement
  choices, and sure cancellation rights.
• Cracking down on personal student-loan relief
  corporations.
• Ending Social Security offsets for recipients
  with defaulted student loans.
• Providing a lot of economical teach-out programs
  for defunct for-profit faculties and immediate
  loan forgiveness to victims of closed/sold
  colleges or those under investigation.