August 2, 2012

Do You Have Federal Or Private Student Loans?

This article on the Consumer Financial Protection Bureau’s website is particularly helpful for those that have forgotten whether they have federal or private student loans.  It provides a link to the National Student Loan Database System for Students (NSLDS) where anyone with a student loan can retrieve their loan information.  This is particularly helpful for those that are having difficulties keeping up with their loan payments.  If you have a private student loan, an experienced attorney in debt negotiation will be able to help reduce that debt much more than if you have a federal loan.  Therefore, the first step in getting help is knowing what kind of loan you have in the first place.