College Benefits Research Group Co-Founder Discusses When To Seek Alternative Options To Pay Back Student Loan Debt

CBRG explains different scenarios for paying back student loan debt in light of a setback. End Quote

(1888PressRelease) March 09, 2016 - Roseland, New Jersey - Unexpected situations such as bad car accidents or the loss of a job are bound to happen to everyone. However for people carrying college loan debt their problems become magnified when they are unable to work and pay back their lender. Steven Sirot, Co-Founder, College Benefits Research Group (CBRG), was recently quoted in NJMoneyHelp as he discussed this matter.

In the article titled, "If you fall behind on student loan debt," a reader writes he is behind on a couple of payments. He is wondering if he could ask his lender to consider a settlement option to pay in full for a lesser amount. In his reply, Sirot stated, "You can ask your loan service provider for the specifics on alternative payment plans, as well as deferment, forbearance, and forgiveness options."

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College Benefits Research Group (CBRG) is a college planning organization with a unique model for working with families to find the right "fit" for their child not only financially, but academically and socially as well. Their three prong model in the college planning arena is innovative and effective in order to develop a college game plan that works for everyone. CBRG has appeared in print and broadcast media outlets.

Co-founded by Steven Sirot and David N. Slater and joined by their partner, Certified Educational Planner, Janet Loren, CBRG demonstrates how a private and/or public education is affordable and attainable and allows hard working families to hit a "home run" in finding the right school, academically, socially and financially, for their child. CBRG also assists with the filing of financial aid forms.

"We are different from other college planning services in that we offer "harmonization" of financial, educational and social guidance for the entire family," says Steven Sirot. "We meet jointly with students and parents to develop a college game plan that works for everyone. Too often college students attend a school because their friends are there, or it is the so-called 'hot school' that is on everyone's radar, without any consideration of whether the school is right for them or the long-term effect it will have on family finances. We work hard with the entire family to let students know that going to college is a responsible decision that affects the whole family, and there are no 'free rides.' The student will be responsible for their academic success in college, which includes graduating in four years, and for paying back of some loans that may need to be taken out in their name."

For more information, please visit: www.cbrg.info

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