About Student Loan Services Group
The Student Loan Services Group, found online at StudentLoanServices.com, is an organization that claims to be able to help people struggling with student loan debt reduce or even eliminate their current payments.
The website says that after you fill out their qualification form, the will connect you with friendly financial agents who will work with you to try and lower your payments up to almost 90%.
Their qualification form requires you to input your full name, zip code, phone number, current active email address, and the amount of your outstanding loans. After you have submitted this information, you will be contacted by an agent over the phone, or you can choose to call them directly.
The Student Loan Services Group is a subset of StudentLoanProtection.com, another organization which specializes in student loan consolidation and forgiveness.
According to their site, there are three different ways to avoid or escape defaulting on your student loans. You can cancel or discharge them – which means that you will no longer be obligated to pay your loans – or you can renew or consolidate your loans, or you can temporarily stop making payments.
Unfortunately, the agents at Student Loan Services Group can only help you manage your federal student loans. Private student loans are not currently available for their assistance, so if you do not currently have federal student loans this service won’t be applicable for you.
Currently, there is a wide variety of Federal Acts and Regulations that provide a range of income based payment options, payment management assistance, and even potential forgiveness. But these Acts and Regulations do not extend to loans that have been acquired through private financial institutions – those loans will have to be handled separately.
Clients who do have federal loans and decide to take advantage of their services can expect to bring their loans current and out of default in between four to eight weeks, according to their website.
If you have any experience with this service, please leave your Student Loan Services Group reviews below.
2 ‘Student Loan Services Group’ Reviews
I would be very careful with this group they are hell to cancel with I may have to completely close my account and reopen it to make them stop!!!! Be careful they are do not answer calls or follow up as they say they will but they will charge your account!!!
Last May I sighed up with United Loan Advisors. They took down all my information and my loan contacts, stating they will send a letter to each company and let them know of the change in payment plan, and arranged to withdraw the monthly amount from my bank account. Three months later I received a letter from both companies saying they haven't received any payments since May, and they never received a letter. I contacted UAG and asked them about it. We made a 3 way conference call to discuss the matter and I thought the matter was taken care of. Every month the amount agreed was withdrawn from my account.
I received another letter now stating they STILL have not been paid since last May (it is now February).
Every attempt to contact them goes unanswered. So far as they wont answer their phone. I am VERY unhappy with this company and would warn anyone considering using them to look somewhere else.