In 2016, the U.S. Department of Education acknowledged that Americans owe over $1.3 trillion dollars of student loan debt with the average person graduating with a balance of $37,172 in debt. In fact, student loan debt has tripled in the last decade thus surpassing credit card and auto loans as the 2nd largest debt owed in the United States. If Americans need help paying off their debt or better yet, paying it off more efficiently, where do they turn?

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Thankfully, Madison, Monroe & Associates specializes in student loan consolidation and more specifically, Direct Loan Consolidation programs that work in conjunction with the U.S. Department of Education. There are many programs that can help individuals pay back less than what they owe, drastically reduce their monthly payments, and even legally forgive their loans altogether.

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We would first provide our clients with a risk-free proposal on how we can consolidate all of a client's federal student loans into one low payment. This initial consolidation will increase a client's credit score since current loans will be paid off by the Department of Education. Once the loans are consolidated, it is Madison, Monroe & Associates' specialty to find the right program that benefits our clients the most. The problem is that many Americans are not informed of these income-driven programs that take into consideration your overall family size and household income. Loan servicers typically do not inform clients of these programs as that will drastically reduce a client's payment contribution to them directly. In addition, we are very successful in assisting clients to have their loans completely forgiven if they are disabled or receiving disability.

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What should you do?

If you owe over $3,000 in student loan debt, contact us and with a few non-personal questions we can provide an instant free proposal. These programs are not credit-score dependent allowing everyone to qualify for these forgiveness and reduction programs with the Department of Education. Since Madison, Monroe & Associates is not the company servicing your debt; our only interest is achieving the lowest possible payment for our clients.