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Money Management International Offers Free Student Loan Counseling

Posted on November 21, 2013

Sugar Land, Texas (November 21, 2013) – Money Management International (MMI), the nation’s largest full-service credit counseling agency, announces its newest financial education counseling program, designed to help student loan borrowers make informed decisions about student loan repayment. Through this new counseling program, student loan borrowers will meet one-on-one with a trained counselor to explore their specific repayment options, discuss ways to rehabilitate defaulted student loans, and receive education on the most up-to-date deferment and forbearance programs.

Today, there are approximately 37 million Americans holding nearly $1 trillion in total student loan debt, according to the Consumer Financial Protection Bureau. Student loan debt is ten times more than credit card debt and represents the second highest, after mortgages, in total household debt. With college debt growing at such an alarming rate, coupled with higher interest rates and serious consequences for defaulting, it pays to take the necessary steps to become educated on student loan repayment programs.

“Although there are new programs and options available for struggling student loan borrowers, choosing the one that best fits a person’s unique financial needs can be difficult,” said Jo Kerstetter, vice president of education and industry relations for MMI. “We are excited to help borrowers make the best decisions regarding their repayment options.”

MMI’s student loan counseling program begins with a complete personal finance assessment, including a budget analysis, a financial goal review and the creation of an action plan designed to assist student loan borrowers in reaching overall financial success. Counseling participants will leave the session feeling empowered and prepared to manage their student loans, as well as their overall financial life. To schedule an appointment to speak with a trained credit counselor, visit MMIurl.org/StudentLoanService or call 888-922-9723.