Title: Student Loan Delinquency, Default and Rehabilitation
Thursday, November 16th, 2017
Americans carry more than $1.4 trillion in student loan debt. The average amount of debt for undergraduate borrowers has skyrocketed to $37,172, and the average monthly student loan debt payment is $351. With rising student loan balances and payments some borrowers are struggling to pay back their debts and are falling into delinquency or default. Financial counselors are likely to encounter a number of clients who have student loan debt, and therefore need to be informed about how to best help those individuals. In this session we will explore all the ways borrowers can avoid and get out of default.