If you have Federal Student Loans you may qualify for any of the student loan forgiveness programs that are available to borrowers free through the Dept of Education. If you are suffering from a financial hardship, you may be eligible for an Income Based Payment. In this repayment program, you would have a a payment based on your income and family size.
The payment could be as low as $0.00 per month, with potential forgiveness at the end of 20-25 years. Loan consolidation will take all your federal student loans and combine them into one new loan. You will have only one lender, one monthly payment, and you are able to choose a payment plan that fits within your budget.
The payment could be as low as $0.00 per month, with potential forgiveness at the end of 20-25 years. Loan consolidation will take all your federal student loans and combine them into one new loan. You will have only one lender, one monthly payment, and you are able to choose a payment plan that fits within your budget.
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Many people remain unaware that declaring Chapter 7 or Chapter 13 Bankruptcy will not make you eligible for Federal Student Loan Discharge. It is rare, but bankruptcy discharge is possible under some circumstances. It will require the filing of an additional action (an Adversary Proceeding). In this hearing you must prove that being responsible for the repayment of your loans will cause undue hardship on you and your family.
Student loan debt has reached an overwhelming all time high. Now ranking higher than even mortgages and auto loans, repayment of student loans has become the financial crises of our time. With many borrowers facing continuously surmounting debt, the Federal Government has sought, and secured, several options to facilitate feasible repayment solutions.
There is possible to relief to Federal Student Loan debt if you are not able to make an income due to a medically recognized disability. If the disability is determined to impair your mental or physical health in a way that causes you to be unable to work, prof of this disability could qualify your loans for Disability Discharge.
Also known as PSLF; The Public Service Loan Forgiveness Program is available to more than 30 million United States citizens. Although so many people may qualify, only a few will correctly apply and reap the benefits they are offered as public servants. This process could forgive thousands off the loan balance after the repayment term as well as lowering the monthly payments that are applied to the loan.
There are a few situations that could result in the Discharge of you Federal Student Loans. Death, bankruptcy, and school closing/ loss of accreditation may qualify you for a loan discharge. If there is a balance on your Federal Student Loans after your death, that loan will then be discharged. For Direct or FFEL loans, a death certificate will need to be submitted to the loan servicer to end any collection attempts.
Reviews (1)
Michelle C.
Nov 14, 2019
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This place is a joke. They'll offer you a job in the interview and then TEXT you to tell you they've changed their mind after you've already put in your notice. And when you try to talk to somebody about it they all avoid you.
Plus, don't pay them hundreds of dollars for them to help you get on income based repayment plans. It takes less than 10 minutes to do it yourself.
Plus, don't pay them hundreds of dollars for them to help you get on income based repayment plans. It takes less than 10 minutes to do it yourself.
