To receive debt relief from government-backed student loans, you have to enroll in a restructuring program through the federal government. There are many options here depending on your situation, including the Federal Direct Consolidation Loan program, the Public Service Loan Forgiveness program, or an income-based repayment program. We can point you in the right direction for help with your Federal Loan.
Private banks issue private student loans, so they don’t carry any guarantees from state or federal government agencies. While there are no limits to the amount and the loans can often be given directly to borrowers, they usually have higher interest rates and may be difficult to manage after graduation.
Private student loan debt is usually easier to restructure than debt from government-backed loans. With our expertise in negotiating with creditors, Liberty Debt Relief can negotiate settlements on past-due accounts, lower monthly payments, or restructure your loan.