We’ll provide you with a repayment plan today and help figure how to lower interest rates, lower monthly payments, and find forgiveness.
Loan consolidation will take all your federal loans and combine them into one new loan. You will have only one (or two) loans with one lender.
If you are suffering from a financial hardship, you may be eligible for an Income Based Payment plan depending on your situation.
The terms forgiveness, cancellation, and discharge mean nearly the same thing. There are a few different programs you may be eligible for.
Repayment Plan Options under the Department of Education’s guidelines and programs
*Verified Docu Service is a document preparation service and will assemble the necessary documents for you to submit them directly to your lender and the Department of Education.
Many borrowers feel overwhelmed by their student loan debt. Though many options exist for student loans, finding the best option for debt relief can be complicated.
The program you qualify for is dependent on many variables; including your occupation, income and family size, as well as the current status and balance of your loans. Researching options, completing paperwork and maintaining contact with the Department of Education is time consuming. You may feel frustrated by the complexity of student loan and wish you had a team of professionals on your side.
Have a question? You can find the answers for the most common questions asked by our customers.
The PSLF program is a federal program that forgives up to 100% of your federal student loan debt if you work in a qualifying public service job. The program was created in 2007, as a way to help people in lower-paying government jobs to able to manage their student loan debt.
The following types of loans qualify:
Private loans do not qualify.
Fortunately, there is a way to convert your federal loans into Direct Loans so that they can qualify under PSLF. The Direct Loan Consolidation program works by taking all of your federal student loans and consolidating them into one new Direct Loan.
If you do not have Direct Loans but want to apply for Public Service Loan Forgiveness, you will need to consolidate your loans in this way. Consolidating your federal student loans is free if you apply on your own online at StudentLoans.gov or via paper application, or you can hire a private company to help you through the process.
Currently, there is no maximum amount that can be forgiven under PSLF.
No. Any amount forgiven under PSLF is not considered taxable income, making PSLF very different from income-driven repayment plans without PSLF.
Yes. You must make 120 qualified payments for PSLF to work, but they do not have to be made consecutively. For that reason, it will take at least 10 years to qualify for PSLF, but it could take longer.
Get your documents verified today!