Thursday, July 31, 2014

Drop your student Loan Debt!




Are your students loans drowning you in debt? Would your quality of life be improved if you could just get a little relief from the high payments? If so, I have a few solutions for you. President Obama has three new programs that will help the millions of people struggling to pay down student loan debt. The first step to relief is to take control of your student loan debt. Go to the website below today for more detailed information about Federal Student Aid. 

https://studentaid.ed.gov/repay-loans/understand/plans/income-driven

Income-driven repayment plans are designed to make your student loan debt more manageable by reducing your monthly payment amount. If you need to make lower monthly payments, one of the three following income-driven plans may be right for you:
  • Income-Based Repayment Plan (IBR Plan)
  • Pay As You Earn Repayment Plan (Pay As You Earn Plan)
  • Income-Contingent Repayment Plan (ICR Plan)

If you are seeking Public Service Loan Forgiveness, you should repay your federal student loans under an income-driven repayment plan.


Also check out the options for Federal student loan forgiveness. Depending on where you work, teachers may be eligible for forgiveness programs as well. At the website listed below, look for Stafford Loan Forgiveness Program for teachers. 

http://www2.ed.gov/fund/grants-college.html


If you need assistance with your student loans, you may contact the following websites:

For FEDERAL student loans :  https://studentloanhero.com/

For PRIVATE/BANK student loans:  http://www.dmccinfo.org/

Association of Credit Counseling Progessionals: http://accpros.org/

HarveyWarren.com






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