REVIEW YOUR OPTIONS
A SLR expert will analyze your income and family size to help you choose the program that best suits your needs.
ENJOY NEW PAYMENT
Once a program is chosen, your SLR expert will walk you through the agreement and begin the document preparation on your behalf.
Loan consolidation will take all your federal student loans and combine them into one new loan. You will have only one lender, with one monthly payment. In this consolidation you are able to choose a payment plan that's affordable to you. By consolidating you also may become eligible for loan forgiveness.
INCOME BASED PAYMENTS
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 payment based on your income and family size. The payment could be as low as $0.00 per month, with forgiveness at the end of 20-25 years.
According to available federal data, Business Insider estimates that there is between $1 to $2 billion in potential student loan forgiveness based on the outstanding balances and the number of borrowers eligible for the program from the July 2007 cohort.
Effective September 14th, those carrying student debt may have a harder time qualifying for the Federal Housing Administration’s low down payment mortgage. A portion of the student loan payment obligations are now being considered as part of the buyer’s debt-to-income ratio.
The Consumer Financial Protection Bureau is conducting an industry wide investigation to see why hundreds of thousands of eligible borrowers are falling out of programs that gear their student loan income based payment programs.
“Before the Student Loan Relief Department, I had worked with another company that dropped the ball while I was struggling to keep up with my monthly payments. A college friend of mine referred me to this place. I was hesitant at first, but their professionalism and cooperativeness convinced me to go forward. They helped me every step of the way and I managed to reduced my monthly payments from $830 to $170, which is very affordable for me. A huge help.” – Scott P., North Carolina
“The staff is very knowledgeable. Unlike many other student loan assistance companies, they do know the details of every student loan program and offer you the best option.” – Charles W., Oklahoma
“Hi! I am Amanda. I graduated in 2011 with all the hope to build a rewarding career in nursing. I had outstanding loans of $45,000 at that time. I got a job but it didn’t pay me well. Also, I am a single mother of two children, so I had to look after my family as well. This resulted in late payments and eventually, I started defaulting. In desperation of finding another loan, I found the Student Loan Relief Department through an online search, and sent them an email. Their reply was prompt and courteous. The helped me avoid wage garnishment and handled my case very efficiently. Now, I’m on track to have my loans forgiven and couldn’t be happier.” – Amanda L., California