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Finding out what your options are as a Federal Student Loan Borrower is as easy as making a phone call. To set up a time to speak with an advisor, simply enter your contact information below and a representative will reach out to you as soon as possible.
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420 N. McKinley St. STE 111 #357
Corona, CA 92879
(855) 264-1632
support@flexxprep.com
FlexxPrep Fun Facts
Here at FlexxPrep, we believe that the biggest benefit to working with us is the amount of knowledge that you’ll gain throughout the process. Here are a few fun facts.
Debt Holders vs. Population
Did you know that more than 40 million Americans hold student debt? That is more than the entire population of Canada, Poland, North Korea, Australia and more than 200 other countries!
Bankruptcy? NOPE!
Here’s a fact that might not seem so fun. Giant Corporations have the ability to file for Bankruptcy but student loan borrowers… not so much. Bankruptcy does not protect borrowers from Federal Student Debt.
First Comes Default... Then Comes Garnishment
More than 1 million student loan borrowers fall into default every year. Nearly 40% of borrowers are expected to default on their student loans by 2023!
Unemployment
Did you know that once you’ve fallen into a defaulted status on your student loans, you can automatically be deemed ineligible for some government jobs? That’s right! If your defaulted loans are causing your credit to plummet, you can be seen as a sub-par candidate by many employers.
Increasing Debt, Decreasing Wages
Since 1999, student debt has increased more than 500%! Most would make the assumption that as the cost of an education increases, as would the average salaries of young people but that hasn’t been the case. It’s no wonder why millennials are delayed with starting families and purchasing homes.
Government Profits
Did you know that if the Federal Government were a private company, it would be the MOST PROFITABLE IN THE WORLD?! The Congressional Budget Office stated that the Federal Government was expected to have made $50 BILLION on student loans in 2013.
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