Student debt is a form of debt that is owed by an attending,(colleges's/Universty/Higher Education/Open University) withdrawn or graduated student to a lending institution. The lending may usually be in the form of a student loan,but debts may also be owed to the school itself if the student has dropped classes and withdrawn from the school (especially if a low- or no-income student has withdrawn with a failing grade,which would functionally deprive the student of the ability of further attendance by disqualifying the student of necessary financial aid); such due payments may be a retroactive penalty for services rendered by the school to the individual,including room and board.

As with most other types of debt,student debt may be considered defaulted after a given period of non-response to requests by the school and/or the lender for information,payment or negotiation; at such a point,the debt is turned over to a Student Loan Guarantor or a collection agency.

Debt Management

A DMP is an arrangement between you and your creditors to repay you debt at a rate you can afford and we help remove the stress by dealing with your creditors and managing your monthly payments. A Debt Management plan is the best option for people who are struggling to meet there monthly outgoings or are missing payments because of busy lifestyles.

The benefits of debt management plans

A single affordable monthly or weekly payment - made at the most convenient time for you (eg just after you have been paid),which allows Student debt management to pay all of your unsecured creditors.

No set-up costs or monthly fees - unlike some debt management companies who charge an initial set-up fee in addition to a monthly fee,Student debt management does not charge fees for debt management plans.

Freezing interest and charges - while we cannot guarantee to get interest and charges frozen,we do have excellent relationships with a majority of the credit industry who recognise just how beneficial our service is.

Why choose Student Debt Management?

Helpful,friendly and knowledgeable staff to assist you with any problems or worries. Many of our staff have experienced debt problems themselves so they handle your enquiry with genuine empathy and understanding.

Why do People get into debt?

In most cases it is not because they have been reckless or even careless but it is often the result of a change of circumstances such as: loss of income through job changes,divorce or separation,illness and other life changing events. Most of our clients contact us after attempting to keep up the repayments for a long period,but without success.

There usually comes a point when they realise that they have to take some drastic action or they will never see an end to the phone calls and letters from the people they owe money to. Their debts are often increasing on a daily basis with added interest and charges and their payments are not actually reducing the balance.

A debt management plan will put you back into control without borrowing more money (experience shows that this can just make things worse). With only one payment to make and a realistic chance of getting your interest and charges frozen and no fees taken out,your debts will be repaid as quickly as possible.