Consolidating Federal Student Loan Debt

Need Info On Consolidating Federal Student Loan Debt?

SIMPLY CALL: 877-766-2465 – This is a National Number
Call For Free Consult–We Deal Only With The Department Of Education

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Consolidate My Student Loans
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37 Million People have Student Loan Debt.
10 Million People Have Past Due Balances.
40% Of People Under 30 Have Student Loan Debt.
The Average Outstanding Debt Is 23,000.00 Dollars.
We Facilitate Student Loan Consolidations exclusively Through The Dep”t Of Education’s Student Loan Consolidation Program.


               PROGRAM BENEFITS

    • One Payment instead of multiple payments.
    • Lower Payment–Income Based Payment Plans Assure An Affordable Payment.
    • Get out of Default.
    • Much Lower Interest Rates.
    • Existing Defaulted Loans Are Paid Off–Positively Effecting Credit Scores.
    • Restores Federal Privileges
    • Restores Eligability To Place Loans Back Into Deferrment.


STANDARD Repayment Plan:

This repayment plan saves the client money over time because the monthly payments may be slightly higher than payments made under other plans, but client will pay off the student loan in the shortest time. For this reason, client will pay the least amount of interest over the life of the loan. Under this plan, monthly payments are a fixed amount of at least $50 each month, and made for up to 25 years.

GRADUATED Repayment Plan:

If client’s income is low now, but client expects it to increase steadily over time, this plan may be right for them. This option is especially ideal for individuals that are just starting with their career. Payments start out low and increase every two years for a 25 year period.

INCOME BASED Repayment (IBR) Plan:
To qualify for IBR, the client must have a partial financial hardship. Under this plan, the monthly payments are based on income and family size. The client’s payment amount may increase or decrease each year based on the client’s income and family size (this information is automatically reviewed yearly by the Department of Education). Once the client is initially qualified for IBR, the client may continue to make payments under the plan even if the client no longer has a partial financial hardship. Payments are typically lower on this plan, and the terms are calculated over a period of 25 years. If the monthly IBR payment amount doesn’t cover the interest that accrues (accumulates) on the loans each month, the government will pay the unpaid accrued interest for up to three consecutive years from repayment of the loan under this plan. If the client repays under IBR for 25 years, any remaining balance will be canceled.

This repayment plan is similar to the IBR; requirements and guidelines are the same, however, the repayment amount is calculated with different formulas. NOTE: Specific loans will qualify for IBR only, whereas others will only qualify for ICR.


PUBLIC SERVICE Forgiveness Program:

  • Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans (Direct Loans) after they have made 120 payments under the IBR, or ICR plan while employed full time by certain public service employers. Organizations that meet the definition of “public service organization” for purposes of the PSLF Program are listed below (for a directory of government agencies and departments, go to A government organization (including a federal, state, local, or tribal organization, agency, or entity; a public child or family service agency; or a tribal college or university); A non-profit, tax-exempt organization under section 501(c)(3) of the Internal Revenue Code (includes most not-for profit private schools, colleges, and universities); A private, non-profit organization (that is not a labor union or a partisan political organization) that provides one or more of the following public services:
    • Emergency management Military service
    • Public safety
    • Law enforcement
    • Public interest law services
    • Early childhood education (including licensed or regulated health care, Head Start, and state-funded pre- kindergarten)
    • Public service for individuals with disabilities and the elderly
    • Public health (including nurses, nurse practitioners, nurses in a clinical setting, and full-time professionals engaged in health care practitioner occupations and health care support occupations)
    • Public education
    • Public library services
    • School library or other school-based service


TEACHER LOAN Forgiveness Program:

To qualify for this program, client must have been employed as a full-time teacher for five complete and consecutive academic years, and at least one of those years must have been after the 1997–98 academic year. Client must have been employed in an elementary or secondary school that:
is in a school district that qualifies for funds under Title I of the Elementary and Secondary Education Act of 1965, as amended; has been selected by the U.S. Department of Education based on a determination that more than 30 percent of the school’s total enrollment is made up of children who qualify for services provided under Title I; and is listed in the Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits. If this directory is not available before May 1 of any year, the previous year’s directory may be used. If client meets these qualifications (additional prerequisites may be required, final determination of eligibility for this program will be made by the SDE processing department during the welcome call with the client); a portion of their outstanding student loan debt may be forgiven.

Related articles

Article: Easy Fix For Federal Student Loan Debt:

Federal student loan debt is pushing one trillion dollars nationally. If you are not currently drowning in your student loan debt this may not be meaningful to you, but it does effect you because it drags the entire economy. If you are having trouble managing your student loans then by all means read on, because we have the answer for you. Click Here for more on how to consolidate student loans.

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