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Nonprofit Debt Management Credit Counseling Providing Low Cost Student Loan Help
Date:7/24/2014

Lighthouse Point, FL (PRWEB) July 24, 2014

Debt Management Credit Counseling Corp. http://www.dmcconline.org, a nonprofit credit counseling organization (DMCC), announced today that it is providing free and low cost services to help federal student loan borrowers identify and implement affordable repayment options. The U.S. Department of Education offers various repayment options to borrowers who are struggling to repay their student loans. The options available, and the corresponding repayment terms, depend on many economic factors. DMCC provides borrowers free counseling and education to help identify the options that may be available to them. Low cost services may be requested to help borrowers implement their best option.

DMCC's online calculator, which estimates the monthly payments under various federal repayment options, is the first step for borrowers seeking assistance. Using the calculator, borrowers can easily identify the option that may be best fit their budget. Taking a few minutes to fix what can become a 25 year problem is especially important to those borrowers whose student loans are in default. DMCC also provides links to information about each option’s requirements, costs and consequences. "One of the biggest obstacles that borrowers face is knowing where to start", said Phil Heinemann, DMCC Executive Director. "Loan servicers do not always volunteer information about all the options available and more importantly, which one is best for you. The federal student loan websites and the options prese
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