*See if you can negotiate the debt rather than run from it. This is where it is good to have contact information for the owner of the loan.

Are you looking to get student loan help in order to make your budget fit your income? Don't be surprised if you end up waiting on hold for long periods of time while you try to reach someone. Why the long wait? Student loan debt has become the nation's leading debt problem for those people who have earned a college degree in order to better their life.

Most of us have heard the term "starving student" before, referring to a college student who is struggling to make their way through the journey of upper education. But taking out an auto title loan to make it by could be a decision that throws them and their finances off track. High interest rates and short-loan terms can send a student into an abyss of financial chaos and put their vehicle at risk. Struggling scholars are already trying to figure out how to pay for books, food, and the usual college-life entertainment. Getting strapped into a costly loan will only make it harder for them to see their way through to the end of educational tunnel.

Interest Low interest rates are at an all-time low as a beginner in four decades. A college debt consolidation may also help you in the form of lower charges, so that you reduce the principal swifter than you would have situation continued paying back your student loans individually. Types benefits of college loan consolidation: lower interest rate; lower time to time installments; a lower payoff amount; or probably all three.

In comparison, only about 5 percent of bachelor's students enrolled in public or private nonprofit schools graduated with student loan debt loads that exceeded $40,000. At private nonprofit colleges, 25 percent of all bachelor's degree students graduated with more than $30,000 in college loans, and at public colleges and universities, just 12 percent of bachelor's students did.

If you have a student loan and you are on an IBR or income based repayment plan then after 25 years, 20 years for new loans, you can have the balance of your student loan forgiven. It's only 10 years if you work in public service however.

Right now, the new bill passed this summer is not bad for students. It takes care of the here and now giving student loan debt relief support from lower interest. If Congress does not revisit this problem at a later date, students will see the same effects as credit card holders who apply for 'zero' interest cards. They enjoy the interest free introductory rate then wonder why they can't afford to pay down their bill once the higher interest rate is attached to their purchases 6 months to a year later.