NEW YORK, April 30, 2014 /PRNewswire/ — National Debt Relief is excited to announce the launch of a comprehensive student loan relief program that caters to student borrowers and recent graduates across the United States. Spurred by college tuition costs that have risen at double or triple the rate of inflation for the past several decades as well as a growing cohort of recent graduates whose long-term financial prospects are hindered by excessive loan burdens, National Debt Relief's student loan relief services are designed to level the playing field for hardworking borrowers.
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Photo – http://photos.prnewswire.com/prnh/20140429/82167
Out of the nearly 40 million student loan borrowers, about seven million have defaulted. Translation: 7 million have had their credit trashed as a result of their student loans and can have 25 percent in penalties added onto their total student loan debts. To add insult to injury, about 60 percent of employers run credit checks on applicants before hiring or promoting, making it close to impossible for millions to get a higher paying job to actually repay these debts. National Debt Relief can help students get on the right track offering student loan relief services that will ease their financial distress.
National Debt Relief offers a no cost student loan analysis at http://www.nationaldebtrelief.com/free-student-loans-quote-now/ where each potential client receives a thorough evaluation of their employment status, educational background, outstanding loan profile, financial situation and more. Using this information, the company's student loan relief counselors recommend a suitable action plan for their Federal student loan debt.
One of the most compelling aspects of National Debt Relief's student loan relief program is that the customer is not charged any upfront fees. After preparing the necessary paperwork and securing the client's approval, National Debt Relief draws funds into an escrow account under the client's control and begins the student loan relief process by working directly with the Department of Education (DOE) to attain final approval on the most viable repayment option for the consumer.
National Debt Relief offers a suite of student loan repayment options from the Department of Education (DOE) that are best suited for the customer based on their current financial status. These repayment options include a popular graduated repayment plan that allows low-income graduates to "step up" into their loans with manageable increases in their monthly payment amounts over an extended period of time.
Another often-touted option, the income-based repayment plan or IBR, allows students to adjust their repayments upwards or downwards in response to fluctuations in their earnings. This alternative is especially useful for students who face economic uncertainty in their chosen fields or work as contractors.
National Debt Relief offers a number of other student loan relief programs as well. Extended payment plans allow recent graduates who carry significant school loan burdens to extend their payback period for up to 25 years without borrowing additional funds. This results in a smaller and more affordable monthly payment.
Meanwhile, pay-as-you-earn (PAYE) plans facilitate payback plans at a pace that borrowers find comfortable. With a wide range of online informational resources and a helpful team of debt relief specialists, National Debt Relief is happy to answer students' questions about any aspect of these services.
About National Debt Relief
National Debt Relief, a BBB accredited business, is one of the leading providers of debt consolidation services for borrowers across the United States. NDR has helped thousands of consumers get out of debt since its founding in 2009. The company has top ratings from the Trust Pilot, Top Consumer Reviews and Top Ten Reviews. Visit http://www.nationaldebtrelief.com/student-loan-consolidation/ or call 888-275-4499 to learn more.
Paul Ritz
888-275-4499