Are there any second chance student loan programs?

Yes, North Carolina offers second chance student loan programs for those who may have defaulted on a student loan. The North Carolina State Education Assistance Authority (NCSEAA) has several programs to help borrowers in default on their student loans. The NCSEAA offers the Loan Rehabilitation Program, which allows students to restore their defaulted loan to a status of regular repayment. This program is available to any student whose loan is in default and offers affordable monthly payments. Those who complete the Loan Rehabilitation Program can re-establish their credit history and improve their credit score. The NCSEAA also offers the Loan Consolidation Program. This program allows borrowers with multiple loans in default to combine their loans into a single loan. This reduces their monthly payments by allowing them to have the same interest rate and repayment term for all of their loans. The NCSEAA encourages borrowers who are struggling to repay their loans to contact them. They are available to answer any questions about their student loan programs and can recommend options that may work best with their financial situations. They also provide resources and information about budgeting and managing your finances to help borrowers stay on track with their student loan repayments.

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Are there any second chance student loan programs?

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