What is a student loan consultant?

· Student Loans & Repayment

Published August 2014. Financial aid and student loan rules change often, so some details may be out of date. Ask us about your situation.

When we say we are financial aid and student loan repayment consultants, many people assume we work for a college financial aid office, bank, or other outside organization.

But our work is completely independent. As student loan repayment consultants, we work one-on-one with student loan borrowers to set up a repayment schedule that allows them to manage their debt.

What is a student loan consultant?

Independent, objective student loan advice

Since we’re not employed by any universities or lenders, we don’t steer students in a particular direction based on any interests but their own.

We work with the borrower’s individual financial situation to help them get on the best repayment plan for their lifestyle and future and provide advice on managing their debt.

And since we’re concerned with helping students avoid taking out loans in the first place, we also work with college-bound students and families to help them find affordable schools that will minimize their debt.

Finding the right student loan consultant

But before hiring a student loan consultant, it’s important to ask the right questions and make sure the company you’re working with is experienced, legitimate and respected.

For some examples, check out this post from LearnVest on the 10 questions you should ask before hiring a student loan consultant.

If you have other questions or want to learn more about working with a student loan consultant, give us a call at 716.745.7286 or contact us using this form.