Sentences with phrase «private student loan debt usually»

Not exact matches

A collection agency, whether through the US government or private lender, won't usually settle a defaulted student loan debt if it's less than the amount that the lender is likely to receive over the life of the original loan — so negotiation is essential during settlement talks.

This type of debt is usually less expensive than private student loans and easier to qualify for.

Private student loans, usually issued by banks, are a better target for debt settlement than federal student loans.

Consolidation is the most effective course of action, but since private student loans are more expensive, it is usually better to concentrate on handling that debt.

These are not usually recommended since they consolidate public and government student loan debt together, therefore taking tax money into the private sector and making it less reliant on federal rules and regulations.

Private student loans, however, don't offer the same protection and usually transfer the debt to whoever co-signed the loan — usually the parents.

Plus, there's a chance you need life insurance anyway: Individuals with co-signed private student loans should consider a policy to protect their co-signer (usually mom or dad) from having to cover the debt alone.