Navigation Links
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 presented can be overwhelming. Our goal is to educate borrowers on their repayment options and help them implement the one that is in their best interest."

DMCC cautions borrowers who are looking for help with their student loans to avoid debt relief companies charging high fees for such services. The repayment plans available for federal student loans are available at no charge through the U.S. Department of Education. However, the complexity surrounding the process, and consumer reluctance to speak with lenders, causes many borrowers to seek help from aggressively marketed debt relief companies that often charge excessive fees for their services.

DMCC provides its student loan services along with free personal budget counseling and general financial literacy education. Debt management plans to assist consumers with the repayment of credit card accounts are also available. Lower credit card payments obtainable through debt management plans, combined with budgeting, is an option that may provide sufficient relief for student loan borrowers to enable them to balance all of their monthly payments.

Borrowers looking for information about their student loan repayment options should go to the DMCC Student Loan Center or call 866-204-0520, Monday through Thursday 9:00am to 6:00pm ET or Friday 9:00am to 3:00pm ET.

About Debt Management Credit Counseling Corp.

DMCC is a 501c3 nonprofit organization committed to educating consumers on financial issues and providing personal assistance to consumers overextended with debt. Education is provided free of charge to consumers via seminars, workshops, a proprietary financial literacy program, and a vast array of online and printed materials. Personal counseling is provided to consumers to identify the best options for the repayment of their debt at no charge. DMCC is a U.S. Department of Housing and Urban Development Approved Housing Counseling Agency, is approved by the U.S. Department of Justice to provide bankruptcy counseling and education, and has an A+ rating with the Better Business Bureau.

Read the full story at http://www.prweb.com/releases/student_loan_help/repayment_options/prweb12039245.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. New Board President for Baltimore-based Nonprofit
2. Car Donation Charity Kars4Kids Declared 2013 Top Rated Nonprofit
3. Autism Speaks Recognized as a Top Nonprofit
4. Body For The Ages Nonprofit Discusses Anaerobic vs. Aerobic Exercise at Their Newly Launched Website
5. Project6 Design Launches Responsive Website Design and Development for California Environmental Nonprofit
6. MedMar Healing Center Co-founder Rafael Hernandez Goes the Distance for Leukemia and Lymphoma Society, Running Three Marathons for Nonprofit Health Organization
7. Florida Mother Helps Open Second Nonprofit Milk Depot in South Florida, Helping Babies in Hospitals in 10 States
8. The Becca Foundation Seeks All Teen and Young Adults with Cancer Nonprofits for a Website Link
9. Miami Nonprofit Jose’s Hands Gains Distinction as Leader in Connecting Medical Mission Community and Sparking Philanthropic Activity Among Millennial Generation
10. FSH Society Honored as 2013 Top-Rated Nonprofit
11. Opportunities abound for nonprofit hospitals aiming to address obesity through community benefit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/21/2017)... ... , ... 38-Year-Old Plastic Surgeon Gill at Aesthetic Surgery Center is Saluted as ... that Plastic Surgeon Kiranjeet Gill has been awarded as one of the 15th annual ... that was started in 2003 to salute young achievers in Southwest Florida who have ...
(Date:9/21/2017)... ... ... SABRE is raising awareness about personal safety with a Chicago Transit Authority ... The Chicago, Illinois, based self-defense brand has been waiting for an opportunity like this ... their personal safety into their own hands. , The ads focus on their diverse ...
(Date:9/21/2017)... ... September 21, 2017 , ... Promotional Communication:, Keeping Up with ... In the competitive world of drug and device marketing and promotion, drug and ... rules. , The FDA has issued two draft guidances that are the closest ...
(Date:9/21/2017)... , ... September 21, 2017 , ... ... their communities, nine governmental public health departments have been awarded five-year accreditation status ... mean that the benefits of being served by a PHAB-accredited health department ...
(Date:9/21/2017)... ... September 21, 2017 , ... ... or exercise more try taking a more holistic approach and use natural alternatives ... Amazon essential oil collection is certified USDA guaranteeing that, the new line of ...
Breaking Medicine News(10 mins):
(Date:9/7/2017)... , Sept. 7, 2017   BioLife Solutions , Inc. ... marketer of proprietary clinical grade cell and tissue hypothermic ... that Mike Rice , President and CEO, will be ... Rodman & Renshaw 19 th Annual Global ... time (12:25 p.m. Pacific time). The conference is being held ...
(Date:9/6/2017)... 2017  Medical professionals are expected to ... treating their patients. Medical simulations offer clinicians ... patients. Simulation provides a safe method for ... procedures, refine techniques and build confidence, without ... technology, such as augmented reality, will now ...
(Date:9/6/2017)... , Sept. 6, 2017 NeuroRx, a clinical stage ... Ideation and Behavior (ASIB), has been granted Fast Track status ... therapy of NRX-100 (ketamine HCl) followed by NRX-101 (D-cycloserine + ... pivotal trial of this sequential therapy targeting patients who are ... ...
Breaking Medicine Technology: