Defaulting on a Student Loan Relief, Inc can have serious financial consequences. Your credit report is negatively affected, the government can garnish your wages and you can lose your IRS income tax refunds. If you are having financial difficulties in making your monthly loan payments, then making the decision to default on the loan is the worst decision you can make.

1. Benefits of Student Loan with studentloanrelief.us
According to the Consumer Financial Protection Bureau (CFPB) in its report to the
US Congress on Private Student Loans, current outstanding student loan debt has
reached $1 trillion. Approximately 15% of this amount is with private student
loans, but this is still a staggering figure. Student Loan Relief debt has taken the
number one spot from credit card debts and is now poised to be the next big
crisis in the US.
Non-federal student loans are increasing and the numbers of students that have
problems in repayment are on the rise as well. Statistics show that 25% of
students with student loans that have started repayment right after graduation
has experienced being delinquent and 15% have defaulted on their loans.
Bankruptcy attorneys have also reported a significant increase in the number of
cases that they handle that pertain to student loans.
The increasing numbers of people who are experiencing problems with student
loans have become a concern mainly because this situation can drastically affect
the economy. Students and their parent that have co-signed on the loan with
private lending institutions are faced with a very grim future if they cannot repay
the loan.

2. The biggest problem with these private lending institutions is that they seldom
provide repayment alternatives or programs for borrowers who are having
trouble with repayment of the loan. Some of these private institutions will have
alternative payment options but rarely do they advertise this.
The students and their families will be at the mercy of these private lending
institutions if they cannot pay-off the loan amount with interest. Many of them
will lose their assets. Parents may even lose their life savings. In fact, some
already have due to student loans.
Economic problems in the US have left quite a good number of newly graduates
searching for jobs with no avail. The jobs just aren’t there and even if they do get
a job, their number one priority would be to pay-off their student loans. This
means that they would not be able to purchase cars or a house and they would
not be able to do very much to help the economy. Most of their income will go
towards repayment of the student loan.
Student loans will have a negative effect on the economy during a time when the
economy is already under duress. Private Student Loans have made the matter
much worse since borrowers have very little or no options but to pay off the loan.
If this they can’t, then the private lending institution will wreak havoc on their
way of life.

3. America looks to the younger generation for the development of the country.
Unfortunately, without adequate jobs to pay-off loans, the younger generation is
turning out to be a stumbling block for the economy.
Student loan debts is America’s next big economic crisis and if nothing is done to
curb the amount of students who are falling prey to private lenders, then America
will not be able to place its hopes on the younger generation to improve the
economy. To know more about CEO Jason Spencer Please visit here:-
www.studentloanrelief.us