Having student loans issues? Here is a resource for you!
National Consumer Law Center assists student loan borrowers.
Every day more information is being published on the challenges that student loan borrowers are facing as they struggle to pay down their debts. Just this week, NeighborWorks reported that one in four people know someone who is delaying purchasing a home due to student loan debt. In Michigan, legal aid services are seeing an increase in the number of homeowners with student loans struggling to make their house payments because of this obligation.
Many borrowers are becoming familiar with Consumer Financial Protection Bureau (CFPB) as a great resource when needing assists with student loan issues. Another excellent resource is the National Consumer Law Center (NCLC). They have a great website specifically for student borrowers. This NCLC project is a resource for anyone that has questions on student loans. The site has a step by step guide to assist in creating possible solutions to your student loan issues. There is also a section of Frequently Asked Questions where you may find your answers right away.
This site also has a blog, as well as up-to-date information on new developments surrounding student loans. There is a section where borrowers can share their stories and challenges with student loans issues. This helps the NCLC understand nationwide gather common problems around student loans and student loan debts, so that they can better assist or advocate on behalf of student loan borrowers.
NCLC student loan borrower assistance is not able to give legal advice but will make the appropriate referral if needed. In Michigan, if you need legal assistance, your local legal aid office may be able to assist you.
Michigan State University Extension also has a great resource at MIMoneyHealth.org that will give you information on financial management information that can assist in managing you student loan payments successfully.