We are dedicated to providing you with the best assessment and inform you of the programs available for you based on your current situation.
This is a Income Based Repaymennt plan that requiers a monthly payment that will be base don your income.
A nine month rehabilitation payment plan base on your income or tax return.
With this plan you pay a fixed amount each month until your loans is paid in full.
You are set on a payment plan that will increase every two years.
The Pay As You Earn plan caps monthly payments for federal direct student loans at 10% of discreationary income for elegible borrowers.
The Total Permanent Disability is away to get your loan forgiven.
The Income Contingent Repayment plan offers students who intend to pursue jobs with lower salaries, such as careers in public services. The monthly payments are base an income, family size and total amount borrowed.
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Sure you can do this yourself! You may be subject to paying higher interest rates (8.25%) towards your overall student debt if you are not aware of all your options and make the wrong choice.
You will more than likely have to go through a rather lengthy process of collecting paperwork from each individual lender and you may not be aware of all the available programs that best suit your specific financial needs.
The least amount you would be subject to pay is $50.00 monthly towards your debt, without knowing if you do qualify for a payment of a lesser amount.
It depends on your current financial situation as well as your specific lender. As long as you are current with all of your payments on those loans you are asking forgiveness and you are employed full time certain federal, state, local, tribal, family or child services agencies, charity organizations, emergency management, military, public safety, law enforcement, public interest law services, early childhood education, and public services (individuals with disabilities, elderly, public health, education, library services, and/or other school based services) for the next 10 years. Again, meeting the criteria for a Loan Forgiveness program is extremely complicated and having all the facts is important.
There´s a different process involved and additional steps will be required but fear not as there is a “light at the end of the tunnel.” There is a program that targets this situation and we may be able to put a stop to the garnishment if you act quickly. Please contact one our reps to review the options available to you. Time is essential in this situation.
The PSLF Program was created to encourage individuals to enter and continue to work full-time in the public service sector. Under the Public Service Loan Forgiveness Program, borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers.
Should a scenario such as this occur, we would be able to change, tweak or restructure your consolidation to something that will take into consideration your current income. In some instances, we are able to have a client pay $0.00 (zero dollars) until their situation improves, all the while, the borrower will not incur any negative impact on their loans.
Obama's Student Loan Repayment Plan Extension. Obama signed an executive order allowing certain college graduates with Federal Student Loans, cap their payments to 10% of their income. This plan is called Pay as You Earn and will let borrowers avoid defaulting on their loans. Currently, there is a program, the Income Based Repayment Plan which is set at 15% of disposable income, this new addition will offer further relief for individuals struggling to maintain their monthly payments.
The PSLF Program was created to encourage individuals to enter and continue to work full-time in public service jobs. Under the Public Service Loan Forgiveness Program, borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers.
Private student loans do not qualify for any of the federal relief, forgiveness or consolidation programs. They generally carry higher interest rates and are not backed by the U.S.
Government. The federal student loans you have, most likely do but the type of program you may be eligible for is dependent on many factors and variables.
Let us help you consolidate your student loans