Borrowers Rush to Take Advantage of Millions in Student Loan Settlements

Written by adminApril 21, 2017
Student Loan Consolidation

*This is an Advertorial*

If you have student loans you have probably heard of what most experts are calling the “Student Loan Bailout“. Much like the mortgage bailout several years ago, millions of borrowers are having payments reduced and some even receiving refunds or forgiveness.

According to the Washington Post, the Obama administration announced a plan to forgive and additional $7.7 billion in federal student loans held by an estimated 387,000 Americans. This comes months after Sallie Mae, also known as Navient agreed to pay a combined $139 million and the U.S. Department of Education announced more than $480 million in forgiveness for other borrowers.

Borrowers are rushing to enroll in these programs before they change or possibly repealed under the new administration. Due to high demand the Student Relief Center has established a helpline at 1 (844) 899 7540 and provides a free eligibility check Mon- Fri.

Why is Student Loan Forgiveness Happening?

The amount of money owed by individuals continues to grow due to high compounding interest rates. This is making it even harder for many to overcome student loan debt. As a result, many Americans are finding themselves under a huge burden and cannot pay for some essentials including rent, their mortgage, car payments and even monthly food bills. The effects of overbearing student loans are also affecting the national economy and adding to the growing financial crisis in America.

The Obama Administration hopes Student Loan Forgiveness options will put more money in our pockets and stimulate the economy. Like the policy or not it may help millions of Americans get back on track. The problem is that these programs could change when he leaves office in January.

A Common Struggle

Jeremy, a Web Designer, explains his personal struggle with student loans. He received his associates degree for Web Design from Bryant and Stratton College in 2004. Borrowing $45,000 in federal and private loans, Cooper says he hasn’t been able to get a job in Web design because, “Everything that I had learned from my degree became obsolete even before I graduated because the technology moves so fast.” Since graduation, Cooper has fallen behind on his loan payments, and his debt has nearly doubled to $88,000. Despite working full-time day and part-time night jobs and scaling back his expenses to the bare minimum, Cooper says he does not see a way out of default.

How do you Get Help if you Have Student Loans?

If you find yourself burdened by the repayment of student loans, you are not alone. You are just one of the 40 million Americans who owed financial institutions more than $1.31 trillion at the end of 2014.

Despite this, there are several new programs aimed at reducing payments, forgiving, discharging or even cancelling student loans owed by millions of struggling Americans. Not everyone qualifies for these programs, but there are several options available for any type of situation. To know whether you are eligible for student loan forgiveness, consolidation or lower monthly repayments, call the Student Relief Helpline at  1-844-899-7540.

What is Student Loan Forgiveness?

“Loan forgiveness is the cancellation of all or some portion of your federal student loan balance. Yes, that’s right—cancellation of your loan balance. If your loan is forgiven, you are no longer required to repay that loan.”

Student Loan Borrowers may contact the Financial Helpers to get information on available programs in your area.

Financial Helpers
Phone: 1 (844) 899 7540
Monday – Friday | 9am to 6pm

THIS IS AN ADVERTISEMENT AND NOT AN ACTUAL NEWS ARTICLE, BLOG, OR CONSUMER PROTECTION UPDATE

This website / blog is not affiliated with the Department of Education, Navient, Sallie Mae or any other student loan servicer.

The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the web-site is accurate and complete at the date first published, however you should recognize that information contained on this web-site may become out of date over time.
By calling you will be connected to partners in our network. Each partner will provide a proposal for services & may charge a fee for their service. Consumers may perform these services for themselves, many or all of which may be without charge. Our partners do not guarantee that your student loan payments or amount owed will be reduced. Obtaining lower payments or loan forgiveness is based on several factors including approval from the Department of Education.
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Trump Continues Plan to Forgive $7.7 Billion Dollars Of Student Debt

Written by adminFebruary 1, 2017
Student Loan Consolidation

On Tuesday, President Trump announced that he was going to continue the program former President Obama began 4 years ago. The plan to forgive $7.7 billion in federal student loans held by an estimated 387,000 Americans. Call 1-855-885-1609 to see if you qualify.

Trump recently made the statement

“Although President Obama and myself don’t see eye-to-eye on everything, we do agree on the fact that the Education system has failed our students. We have just reopened official federal phone lines and operators are standing by to help students erase their Student Debt.”.

This is extremely fortunate, but luckily there is still time to consolidate your loans, or in many cases get your loans completely forgiven.
Call 1-855-885-1609 to see if you qualify.

This is a big deal. Because there are millions of Americans that are struggling with student loan debt. You may also if you’re struggling with a financial hardship.

How Does it Work?

The government would like as many people as possible to lower their student loan payments. There are many programs that can either forgive your student loan or dramatically lower your student loan payment down to $0.

I stay up crying every night thinking about how I’m going to provide a better future for my child.

“When I first signed up for college I didn’t think anything about taking out student loans. They told me they were ‘grants.’ After I graduated I haven’t been able to find a job. Now the loan companies call and harass me every day for their payments I can’t afford. Call 1-855-885-1609 to see if you qualify.

The worst part is my parents co-signed my loan and now they’re getting harassed and are worried about their retirement. I feel like I ruined their life and my life as well. I can’t buy a car, buy a house or save for my future. I stay up crying every night thinking about how I’m going to provide a better future for my child. I thought I was going to live the American dream this is an absolute nightmare.”

What You Can Do About It

The time to act is now. This program may end any time without notice. If you or a loved one is struggling with crippling student loan debt it’s not your fault and you’re not alone. Call 1-855-885-1609 to see if you qualify.

Over 40 Million Americans are currently struggling with their student loans. You can get help simply call the number below to speak with a student loan forgiveness counselor. Every day you wait your student loan is getting bigger.

—– Disclaimer —– THIS IS AN ADVERTORIAL AND NOT AN ACTUAL NEWS ARTICLE, BLOG, OR CONSUMER PROTECTION UPDATE

*We are dedicated to bringing readers valuable information which can help them accomplish their financial and lifestyle goals. Our disclaimer is that this site does receive compensation for product reviews and referrals or purchases made through our links. This page is an advertisement/advertorial. The story depicted here is for demonstration purposes only and everyone’s results may vary. We hope you find our online resource informative and helpful.

This site is in no way affiliated with any news source. This site contains affiliate and partner links. This website and the company that owns it is not responsible for any typographical or photographic errors. If you do not agree to our terms and policies, then please leave this site immediately. All trademarks, logos, and service marks (collectively the “Trademarks”) displayed are registered and/or unregistered Trademarks of their respective owners. Contents of this website are copyrighted property of the reviewer and/or this website.

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Shouldn’t Graduating from College be a Monumentous Occasion?

Written by adminJanuary 4, 2017
Student Loan Consolidation

Graduating from college should be a monumentous occasion; a launch into advanced careers and higher salaries. Today, more than 25% of students who graduate, do so with far too much debt, affecting their post-graduate career, often saddling them with inordinate amounts of pressure and anxiety instead of focusing on their lives.

However, this is manageable, and the key is to act as soon as you can to stop interest from accumulating, and to mitigate the effects the debt has in your everyday life. This “cycle of debt” can be beaten- you may qualify for a loan forgiveness program!

In short, after a set amount of time and if you meet a few requirements, the United States governement has legislation in place to help absolve the debt accumulated by the graduates of America’s esteemed universities.

There are two requirements before applying for student debt relief;

  1. Have a debt of at least $10,000.00 in student debt.
  2. You must have finished school or are not attending school at the time of the call.

With those qualifications met, you can call us at 1-855-534-4290 to get additional information, get questions answered or find out if you qualify. An expert will be more than happy to address your needs and discuss your situation in less than 60 seconds.

There is no time like the present, so call now and get the debt out of your life as soon as possible!

SEE IF YOU QUALIFY NOW »

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The Benefits of Student Loan Consolidation

Written by adminJanuary 4, 2017
Student Loan Consolidation

Student loan debt is a big worry for many people like yourself. While college is a great tool, it is expensive and loans eventually must be repaid. Looming debt can keep you from purchasing a home, starting a family or following your dreams. However, there are options to help alleviate the stress that these loans cause while still allowing you to work towards the ultimate goal of paying the balance off entirely. Discover the benefits of student loan consolidation, and find out if it could be the right solution for you.

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Simplify Your Payments

If you attended school for more than a semester or two, it is likely that you wound up working with more than one lender to pay for all of your classes. While it was likely a necessary evil to make sure your education was paid for, it has left you with numerous bills each month. Student loan consolidation means that you will have only one payment to one lender-reducing the payment hassle.

May Lower Your Monthly Payment

In many cases, a consolidated student loan can reduce the total amount that you will be responsible for each month. With everything else you need to do, and want to do, lowering this payment is an excellent way to free up money in your budget.

Repayment Based on Income

Borrowers who choose student debt consolidation have multiple plans for repayment available to them. These plans include repayment options based on income. If you initially obtained a loan before attending school, you had no idea what to expect regarding your future (post-school) income. Now, you know what you are earning. Your consolidated loan will better fit your budget.

No Minimum or Maximum

When you look at some lending options, you may find that maximums or minimums prevent you from taking advantage. Since this is a debt consolidation or restructuring, rather than a new loan, there is no maximum or minimum to worry about in this case.

Many People Qualify

Qualifying for student loan consolidation is easier than you may think. Borrowers must have one or more “Direct Loan” or Federal Family Education Loan”. This loan must be in the grace period or repayment status. Additionally, borrowers can consolidate most defaulted federal student loans.

The Options are Endless

Consolidating your loan can keep you out of default, make payment simpler and help keep your monthly payments at a reasonable level. But it’s important to realize that your options are endless. In many cases, you will be able to change your repayment plan at a later date if your economic situation changes or if you wind up with another loan that qualifies for consolidation.

As you can see, there are many benefits to student loan consolidation and more options than ever for doing so. If you are struggling with your loans and wonder if there is a better way, perhaps consolidation is the answer. Spend some time researching the consolidation options and reach out to an expert to learn more.

SEE IF YOU QUALIFY NOW »

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The Benefits of a Direct Consolidation Loan and Your Eligibility

Written by adminJanuary 4, 2017
Student Loan Consolidation

Do you lose track of monthly bills and payment schedules? A Direct Consolidation Loan makes it easy to manage your finances and borrowers may even save money. Get organized and stay on top of monthly payments with the additional payment options offered through a Direct Consolidation Loan. Learn about what qualifying individuals receive from a Direct Consolidation Loan.

How You Benefit from a Direct Consolidation Loan

Work with the U.S. Department of education to organize and manage your finances. A Direct Consolidation Loan offers:

  • The ability to transform one or more Federal education loans into a single loan with more advantages. You will have only one lender for your new Direct Consolidation Loan that can account for multiple Federal education loans.
  • Flexible repayment plans to choose from and the ability to switch plans at any time. There are plans that adjust the monthly payment on a borrower’s income. These plans are created to meet your changing needs.
  • Free consolidation. There is no fee or minimum amount required to qualify.
  • The potential to pay less on monthly payments. A borrower’s monthly payment may be lowered as the minimum monthly payment on direct consolidation loans can be lower than combined payments on a borrower’s Federal education loans. You can make necessary payments on a Direct Consolidation Loan and pay less.
  • Continuation of subsidy benefits from subsidized loans. A Direct Consolidation Loan is composed of 2 possible areas: Subsidized and Unsubsidized. Subsidy benefits continue for most subsidized loans that are rolled into the subsidized area of this loan.

FFEL Loans, PLUS Loans, Perkins Loans and some health profession loans may be consolidated into a Direct Consolidation Loan with some exceptions or additional terms. A single payment that can potentially be less than current multiple loan payments and be aligned with your budget is available with a Direct Consolidation Loan for those that qualify.

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How to Determine Eligibility

Certain requirements must be met to afford potential borrowers the ability to exchange their multiple loans with multiple lenders to one payment with the U.S. Department of Education. For those that seek to apply for a Direct Consolidation Loan, they must have meet the following criteria:

  • Have a minimum of one Direct Loan or FFEL (Federal Family Education Loan) Loan in grace or repayment status. Repayment status also covers loans in a forbearance or deferment period.
  • Make satisfactory repayment arrangements with current loan holders on the majority of defaulted federal education loans or agree to repay them with an Income Contingent Repayment Plan or Income Based Repayment Plan under their new Direct Consolidation Loan.

Some situations are not accepted for Direct Loan Consolidation. Any loans in in-school status are not eligible. Those that are married cannot consolidate individual Federal education loans into one Direct Consolidation Loan listing them as joint borrowers.

What are the Payment Plan Options

The Direct Consolidation Loan has 5 repayment plans available. Each plan has its own set terms, but borrowers can choose to change plans as needed. Borrowers can select the:

  • Standard Repayment Plan
  • Graduated Repayment Plan
  • Extended Repayment Plan
  • Income Contingent Repayment Plan (ICR) and
  • Income-Based Repayment Plan (IBR).

Borrowers have a range of options that can suit their individual needs and budgets. Manage your student debt with A Direct Consolidation Loan.

SEE IF YOU QUALIFY NOW »

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4 Interesting Facts About The Public Service Loan Forgiveness Program

Written by adminJanuary 4, 2017
Student Loan Consolidation

[dropcap]Y[/dropcap]ou can receive up to 100 percent student loan forgiveness if you use your degree to obtain a career in public service. You must work for qualified employers for at least 10 years while making 120 timely payments in accordance with the selected repayment plan. Upon fulfilling the program requirements, your remaining loan balance is forgiven. Since the IRS does not view the forgiven balance as income, you will not even need to claim that amount on your taxes. Before you sign up for the Public Service Loan Forgiveness, or PSLF, program, here are four important facts you need to know.

Consolidated Loans Qualify

All loans received under the William D. Ford Federal Direct Loan program qualify for the forgiveness plan. If you have additional loans under the Federal Family Education Loan or Federal Perkins Loan programs, you can consolidate to wrap them into the qualifying loan amount. You must complete the loan consolidation process early, and in full, to avoid making additional unnecessary payments. Once you consolidate your loans, the counter for the 120 qualifying payments resets. Therefore, it is of vital importance that you consolidate your loans immediately upon reaching the end of your grace period.

Employment Restrictions Exist

To qualify for the PSLF program, you must work in a career dedicated to serving the public. Throughout the repayment period, you must maintain full time employment or work at least 30 hours a week across multiple part time positions. Certain careers also require employment with an organization dedicated to improving the lives of low income individuals. Teachers, librarians, childcare workers, speech pathologists and attorneys, for example, only qualify if their position serves low income communities. Police officers, firefighters and medical providers, on the other hand, do not have any additional employment restrictions.
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Timely Monthly Payments Required

You can select the 10-year Standard Repayment Plan or apply for one of the income driven options to start working toward 120 qualifying payments. You must make the payments in full and on time to ensure they meet the strict program requirements. You can schedule automatic withdrawals through your bank to ensure your monthly payment arrives on time. If you run into financial difficulties and cannot make your payments, you can place your loans in forbearance or deferment and resume the repayment plan at a later date.

Periodic Form Submission Needed

If you are not sure if you have fulfilled the program requirements, you can submit an Employment Certification for Public Service Loan Forgiveness form. You should also submit this form whenever you start a new job to make sure your employer meets the program restrictions. Once you reach the 120 qualified payment mark, your loan balance is not instantly forgiven. Instead, you must fill out the PSLF application forms and send them to your loan servicer for processing. You will receive a loan forgiveness confirmation upon completion of the verification process.

Preparing Your Loans For The Forgiveness Program

To ensure your student loans are fully prepared for the forgiveness program, talk to a consolidation expert about your unique financial situation. Your loan consolidation professional will find and combine all of your loans to create a single entity that qualifies for participation in the Public Service Loan Forgiveness program. You may also want to receive help selecting an appropriate repayment program for your financial situation. Enlisting a professional in these endeavors ensures you do not leave loans out of the consolidation group, select the wrong repayment program or miss any application steps.

SEE IF YOU QUALIFY NOW »

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