Student Loan Help Is Available Through New Resource

Students graduate with an average of $20,000 in educational loans. Up until now, borrowers having difficulty making payments have had no choice but to muddle through. Now a new website, Student Loan Borrower Assistance, includes information on repayment options, avoiding and getting out of default, dealing with collections agencies, and much more.

The website was created by Deanne Loonin, a staff attorney at the National Consumer Law Center. In a press release, Student Loan Borrower Assistance describes itself as “the first and only independent resource that provides advice and objective information for borrowers, their families, and legal advocates.” The site features straightforward information about topics ranging from choosing a student loan to getting out of default and dealing with aggressive collection agencies. It also includes policy briefs, legal case studies, sample documents and promissory notes, and other valuable resources.

Thanks to California Credit Law Blog for pointing out this resource.