Get Back on Track with Student Loans
Having trouble paying off your student loan debt, understanding your student loan repayment options or wondering if you qualify for student loan forgiveness programs?
Whether you are in school right now, in the process of paying off your loans, or helping someone else with their student loans, we are here to guide you through the available student loan repayment options and assist you with developing a plan to achieve financial wellness.
Our National Foundation for Credit Counseling (NFCC) certified student loan counselors offer guidance for federal student loans, state student loans, private student loans and student loan forgiveness programs. This includes seeing if you are eligible for the Public Service Loan Forgiveness Program (PSLF) and talking about repayment plan options such as time-based and income-driven repayment plans. Without a plan, it can take years or decades to repay student loans and the interest accrued.
Student Loan Forbearance Ends This Fall
After three years of pauses in federal student loan repayments, interest on those loans started accruing again on September 1, 2023, and payments will restart in October 2023. Borrowers will receive advanced notice of the specific date of their next payment.
Prepare yourself now for the day when payments restart. Our certified, experienced student loan counselors can assist you with understanding your repayment options, working payments into your budget, and getting back into good standing if you’ve defaulted on a loan.
How an LSS Student Loan Counselor Can Assist
Our trusted nonprofit student loan counselors can assist in two ways: by providing free expert advice for student loan repayment and making sure you are aware of available resources to help ease the burden.
Our student loan counselors will:
- Explore student loan repayment options for all student loans and your potential solutions.
- Determine your eligibility for federal student loan repayment programs and loan forgiveness programs.
- Support you with a holistic approach and creating a budget to cover monthly expenses, including student loan payments.
- Work with you to contact private lenders to determine possible student loan repayment solutions.
- Help you come up with a plan to avoid default and the related consequences.
- Work with you to bring your student loans current if you’ve fallen behind on payments or are in default.
- Create an individualized action plan to help you regain control of your finances.
Testimonials & Resources
Learn more about how we can assist you through some testimonials and additional resources.
What Do I Need for Counseling?
In order for your financial counseling session to be most productive, it is helpful to have the following information available:
- Your monthly income.
- Typical monthly expenses.
- Statements from your creditors.
- Any other information you believe would be helpful in understanding your financial situation.
Don't have everything? Don't worry. Call us and we help guide you through the process.
Get Started Today
Our free and confidential services are available nationwide by phone or virtually. We also offer in-person appointments across Minnesota.
We have counselors who are fluent in Spanish and Hmong. In addition, American Sign Language (ASL) interpretation is available as needed.