Can debt relief law help with student loans?

Yes, debt relief law can help with student loans in New York. Debt relief law provides protections and assistance for individuals struggling to repay loan debt, including student loan debt. State and federal laws help provide borrowers with options such as loan forbearance, loan refinancing, and loan consolidation, which can make it easier to repay loan debt. Forbearance gives borrowers the option to temporarily stop making payments on a loan for a set period of time, while interest still accrues on the loan. Loan refinancing is when a borrower takes out a new loan to pay off an existing loan; this can help reduce the overall cost of the loan. And, loan consolidation is when multiple loans are rolled into one single loan, allowing the borrower to make a single payment each month instead of multiple payments. In addition to these options, debt relief law also provides protections for borrowers struggling with student loan debt. For instance, it limits collection efforts and harassment from debt collectors, as well as limits the amounts that can be collected from borrowers. In summary, debt relief law can provide New York borrowers with several options to help with student loan debt. These options can help borrowers manage their loan repayment process and ultimately reduce the overall cost of the loans.

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Can debt relief law help with student loans?

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