With the cost of college tuition soaring in the U.S., the number of student loans in default is at 13.7%. Unlike most other types of loans, student loans do not go away, even if you declare bankruptcy. So what can you do if your loan is in default? Just a few simple steps can help

Student Loan Consolidation allows you to group all of your federal loans together into a single interest rate and repayment term. While your average interest rate most likely won’t save you money, you can lower your monthly payments by extending your repayment period, making this a good option for people who are having trouble making ends

It’s no secret that college tuition is soaring these days, whether your child is attending a public or private institution. For some families, federal financial aid and scholarships simply don’t cover the gap needed to make tuition payments. Luckily, the private market for student loans continues to expand, making rates and terms more competitive for