STUDENT LOAN
FORGIVENESS
THERE ARE DIFFERENT TYPES OF STUDENT LOAN
FORGIVENESS PROGRAMS
You may be eligible for loan principal reduction, loan forgiveness or a complete loan discharge depending on your circumstance.
LOWER PAYMENTS
FORGIVENESS
PROGRAMS
GET OUT OF DEFAULT
We can
help you..
We specialize in document preparation services for applicants who wish to enroll in the various programs offered through the Department of Education. Our highly trained staff will walk you through your options and help prepare and finalize your documents to be submitted directly to the office of the Department of Education.
REPAYMENT
PROGRAMS
The Department of Education offers multiple Income Driven Plans based on specific needs. These are NOT our programs but offered by the Department of Education. All the income driven plans are based on two factors which include income and family size. These factors must be re-certified every 12 months! Our team can help facilitate the process for you!
PAY AS YOU EARN
Is a repayment plan with monthly payments that are generally equal to 10% of your discretionary income, divided by 12. Monthly payment amount is based on adjusted gross income, family size and total eligible federal student loan balance.
Save Plan
On the SAVE plan, borrowers who pay what they owe will no longer see their loans grow due to unpaid interest. The government will cover your unpaid interest.
INCOME BASED REPAYMENT
Is a repayment plan with monthly payments that are generally equal to 15% (10% if you are a new borrower) of your discretionary income, divided by 12.
INCOME CONTINGENT REPAYMENT
Is a repayment plan with monthly payments that are the lesser of (1) what you would pay on a repayment plan with a fixed monthly payment over 12 years, adjusted based on your income or (2) 20% of your discretionary income divided by 12.
FORGIVENESS PROGRAMS
We will prepare and submit all the documents and applications necessary to be enrolled in to a forgiveness program available through the Department of Education (DOE).
A brief summary of the available programs is listed below!
If you are employed by a U.S. federal, state, local, or tribal government or not-for-profit organization, medical field or educational field, you might be eligible for the Public Service Loan Forgiveness Program.
The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Under the Teacher Loan Forgiveness Program, if you teach full-time for five complete and consecutive academic years in a low-income school or educational service agency, and meet other qualifications, you may be eligible for forgiveness of up to $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans.
If you have a Direct Consolidation Loan or a Federal Consolidation Loan, you may be eligible for forgiveness of the outstanding portion of the consolidation loan that repaid an eligible Direct Subsidized Loan, Direct Unsubsidized Loan, Subsidized Federal Stafford Loan, or Unsubsidized Federal Stafford Loan.
If your school closes while you’re enrolled or soon after you withdraw, you may be eligible for discharge of your federal student loan. Loan discharge is the removal of your obligation to repay your loan under certain circumstances.
There are certain eligibility requirements to qualify for a closed school loan discharge; you must apply to get a discharge.
It’s important for you to obtain your academic and financial aid records if your school closes, since you might need those records if you plan to attend another school or want your student loans discharged.
If you’re totally and permanently disabled, you may qualify for a discharge of your federal student loans and/or Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation.
A total and permanent disability (TPD) discharge relieves you from having to repay a William D. Ford Federal Direct Loan (Direct Loan) Program loan, a Federal Family Education Loan (FFEL) Program loan, and/or a Federal Perkins Loan or to complete a TEACH Grant service obligation.
In most cases, to qualify for a TPD discharge, you must complete and submit a TPD discharge application, along with documentation showing that you meet our requirements for being considered totally and permanently disabled.
OUR EASY, THREE STEP PROCESS
We’ve eased the financial stress of student loan borrowers nationwide through our Document Preparation Services!
INVESTIGATE & PRE-QUALIFY
A Professional will help identify your student loan account, all associated lenders, gather information regarding your loans, payment history, balances, accrued interest and loan status. We will pre-qualify you for a forgiveness of anywhere between 10% and 100% of the total balance.
PREPARE & PREVIEW
We will prepare and create a custom financial statement that works with your tax returns past and present and is developed by our team of processing professionals.
SUBMIT
We will prepare your application from the beginning to the end in a professional and timely manner to be submitted to the DOE.
