HACKENSACK, N.J., Oct. 20, 2016 /PRNewswire/ — Student loan consolidation seems to be the only way out of a financial nightmare for students entering the workforce. Many graduate with mountains of debt and are unable to meet their obligations.
Getting a job after graduating from college is supposed to liberate people and help them enter their professional lives on a high note.
Sadly, for many young workers, student debt has created the exact opposite effect. Graduates are far from being financially-free.
They have to work all month long just to keep up with their student loan payments. And they cringe at the idea of working so hard only to have what little money they have left over at the end of the month go toward paying off their student loans.
Many grads don’t make enough money to get the loans paid off within a few years of graduation. So they are stuck paying them off for longer periods of time than previous generations.
Naturally, many have turned to student loan consolidation companies to help them deal with the cash crunch. And this makes sense since consolidating or refinancing will reduce interest rates, ease the monthly burden and leave graduates with some cash flow at the end of the month.
However, many have reported trouble finding student loan companies that meet their needs and provide the service they are looking for. In fact, they aren’t too fond of working with one of the big banks.
Now they don’t have to. Allstate Debt Consolidation created a new guide to student loan consolidation that helps graduates learn how to refinance student loans and explains how consolidation works.
The guide even reveals how to consolidate student loans without using one of the big lenders. So anyone who is apprehensive about having to use the old banking system now has an alternative.
Right now, the top 3 firms listed in the guide are:
Each one has their pros and cons, which are explained on the site. You can view the full contents of the guide athttp://allstatedebtconsolidation.com/blog/student-loan-consolidation/
ADC explains that instead of getting a loan from the typical banking conglomerate, graduates can apply for student loan consolidation with companies that respect and care about borrowers. They can apply with institutions like local community banks and credit unions.
These types of companies have always had to work harder for someone’s business, so they have a track record of better customer service and competitive pricing to go with it.
That’s the only way they can compete against the big lenders. They must go the extra mile. Their site can also help with personal debt:http://www.allstatedebtconsolidation.com/debt-consolidation-companies.html
Unfortunately, knowing which of these institutions also serve as student loan consolidation companies can be like trying to find a needle in a haystack. They don’t advertise that part of their business much.
That’s where the guide from ADC comes in handy. It tells graduates exactly where to go for this type of refinance loan. Anyone can use the guide to submit an application with one of the firms listed.