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Student Loans

Because education should improve your lifestyle, not impede it!

Congratulations on your decision to further your education. You deserve to reap the rewards of all your hard work. The years ahead should be filled with enthusiasm, optimism and all good things life has to offer. For many though, the burden of carrying student loans and other debt obligations can have lasting negative consequences for the future. A CFPB report on Student Loan Affordability expressed “The lack of options may lead to damaged credit, potentially inhibiting the borrower’s future economic participation1.” We say that’s simply unacceptable!

We Understand

Student loan payments can feel oppressive, and sorting through repayment options can be overwhelming, each program with its own nuances and pitfalls. We are concerned about the socioeconomic consequences of student debt, and created HUG Your Student Debt, Inc™ to provide an affordable, and fair solution to all.

Time for a Real Solution

The student debt crisis affects us all.  We believe a real solution must include:

  1. Affordable payments
  2. Accelerated payoff schedule
  3. Loans paid in full (or forgiven)
  4. Low effective interest rate
  5. Access to financial coaching for healthy money management skills like budgeting, and saving, as well as managing debt.

It is possible to pay off loans, affordably (often with lower payments), ahead of schedule, without consolidating or refinancing and without harming credit.  The dollars saved may be harnessed and grown to help ensure a more financially secure future.

Since 2008, Dr. Rahaim and her team have been helping students and parents successfully manage and pay off all debt, including student loans, one family at a time. Now through HUG Your Student Debt, Inc™️ a debt-free future is available to virtually everyone.

HUG is an affordable, responsible approach championing robust credit, affordable payments, and complete flexibility we believe is imperative for the long-term success of our clients.

We utilize sophisticated, time-tested proprietary software and our unique system of financial coaching in conjunction with affordable repayment programs, retiring debts ahead of schedule, consistently saving clients tens of thousands of dollars or more in interest, and years of payments.

Available programs range from self-administered to full financial coaching. Guidance is available for management of future debt, budgeting, emergency cash reserves, financial crisis management, retirement planning and more.

A Word About Loan Repayment Options

Consolidation offers one “easy” payment, however Federal and private loans cannot be combined, you may sacrifice valuable features such as income based or graduated repayment programs and the consolidation cannot be reversed.

Repayment programs for Federal loans offer more flexible repayment options than private loans including deferment and income based repayment, but taking advantage of these options may postpone the payoff date and allow interest on unsubsidized loans to accrue. Even if you are able to afford the scheduled amortization payments, it is likely your loans will take 10-20 years or longer to repay, precluding use of those monthly payments toward savings or to fund growth opportunities.

Did You Know…

  • Student Loan debt surpassed credit card debt in the U.S. for the first time in 20102.
  • CNBC reported “71% of non-homeowners with debts from student loans said the burden of those monthly payments was keeping them from buying a home.”3
  • A study published by Consumer Reports says the impact of student debt caused 12% to delay marriage, 14% to change careers as a result of student debt, and 44% to cut back on day-to-day expenses.4
  • CNN Money reports, “On average, borrowers are carrying roughly four student loans each.”5
  • A Consumer Finance Protection Bureau report summarized “…Many borrowers of private student loan have been unable to negotiate affordable repayment plans… In addition, even borrowers who were not struggling noted that they have been unable to refinance their high-rate student loans in order to lower their monthly payments.”6
  • “Over half of outstanding student loans are in deferral, delinquency or default7. Rising student loan debt is exacerbating wealth inequality.”8
  • “The average 2016 grad holds $37,172 in student debt."9

1) Consumer Financial Protection Bureau “Student Loan Affordability” (May 8, 2013) 3.

2) Bloomberg BusinessWeek Student Loans, Debt for Life Federal Reserve Bank of New York, Center for Microeconomic Data (September 18, 2012)

3) Diana Olick, “Reality Check” (CNBC: June 13, 2016)

4) James B. Steele and Lance Williams, “Lives on Hold” Consumer Reports (August 2016) 38. Note: A condensed version of a story by Reveal from The Center for Investigative Reporting. To read the full investigation from James B. Steele and Lance Williams, visit

5) Blake Ellis, Money Moves “40 million Americans now have student loan debt” CNN Money (September 10 2014)

6) Consumer Financial Protection Bureau “Student Loan Affordability” (May 8, 2013) 3.

7) Chuck Collins, “The Student Debt Time Bomb” Moyers & Company (March 13, 2015)

8) Carolyn Thompson “$1 trillion student loan debt widens US wealth gap.” Associated Press (March 27, 2014)

9) Farren Powell “10 Student Loan Facts College Grads Need to Know” U.S. News (May 9, 2016)
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
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