The Federal Government has created multiple plans to assist loan holders who wish to lower their monthly payments and also qualify for long term loan forgiveness.
We are asked every day “is there really such a thing as loan forgiveness”. However it doesn’t work the way most people think that it does.
Be the first one to rate this company Rhode Island Student Loan Authority is a nonprofit state authority offering student-loan consolidation to borrowers nationwide. In addition to lower rates, some student loan consolidation companies provide discounts.
Qualifying loans may include federal loans, private loans, Stafford loans and parent PLUS loans. Review the website and ask the customer service representative for further details regarding discount offerings.
Great Lakes Higher Education Corporation is a non-profit organization dedicated to helping students finance their education and borrow responsibly.
It works with the Department of Education as well as private lenders.
Both options may help reduce monthly payments through interest reductions (Private) or by utilizing Federal Income Based Repayment plans (Federal).
Borrowers should thoroughly research the interest rates for their existing loans and any forgiveness or deferment benefits attached to their existing loans before consolidating loans.
Student loan debt can be overwhelming, especially if the borrower has multiple lenders and both private and federal loans.
Consolidation allows students to combine all their loans into a single loan, with one monthly payment to a single lender.
Edu Loan Docs helps former students pay off federal student loan debt.
They have services that will help you consolidate your loan debt and help you with loan forgiveness.
Edu Loan helps you find the right repayment plan to eliminate your debts as quickly and cheaply as popular.