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Federal Student Help matches thousands of student loan borrowers with federal programs that are offered by The Department of Education to consolidate and lower their current federal student loans. We know that the process can be overwhelming and that there is a lot of information out there. We also know that there are a lot of companies that want to get you into programs.
But the question is…..Do they really care about getting you into the program that is correct for your particular needs and circumstances. When it comes to repayment plans, one doesn’t fit all. We know this because we recognize that each person’s needs are different.
We help you take advantage of the latest forgiveness programs put in place by Congress and potentially save you thousands of dollars.
Working with us, you’ll save time and money by getting your student loan consolidation & enrollment paperwork completed by our team of experienced student loan application processors. Our trained personnel will work with you closely through the entire process. We will prepare all the required documents in order to submit your application to The Department of Education for your consolidation & enrollment.
Our goal is to ensure that we help you get enrolled in the best program that will fit your student loan needs. You will receive your proposed quote over the phone in just minutes.
We also recognize that your time is precious. Have you ever been told upon entering a restaurant that good food takes time to prepare? Well, correct quotes and program selection take precision and analysis. Although we know your time is a premium, we will take great care in ensuring we assess your situation and expectations correctly.
Therefore, when you get on the phone with us, expect us to be thorough and transparent at every turn. We are a small company, built on integrity, and we will not undermine that.
What can Federal Student Help Document Preparation Service do for you?
If you are seeking help to determine various student loan repayment options and forgiveness programs, lower your monthly payments, avoid delinquency, or even stop wage garnishment, Federal Student Help can assist you in preparing and filing the necessary documents for specific Federal Student Loan Consolidation and Forgiveness programs.
Applicants can benefit from a properly prepared and filed application in numerous ways:
- One Lender and One Monthly Payment – Combine all of your eligible loans with different companies into a consolidation loan with one monthly payment.
- Flexible Repayment Options – Choose from multiple repayment plans based on total education indebtedness, fixed and graduated payments, and even payments set based on adjusted gross income and family size.
- Income Driven Repayment options do not negatively effect your credit score.
- Minimum loan amount of $7,500.
- Payments Starting as Low as $0 Per Month – There are income driven programs that can start your monthly payments at $0 a month for eligible applicants.
- Student Loan Forgiveness – Depending on your field of work, the repayment plan you are repaying your student loans under, and DOE guidelines, you may be eligible for loan forgiveness plans. The DOE makes all final decisions regarding any student loan forgiveness.
- If you are a public servant you can qualify for a PSLF program that will reduce your term period and provide additional forgiveness on your student loans.
Standard Repayment – Payments are a minimum of $50 per month for a term anywhere between 10-30 years in most cases based upon total education indebtedness.
Graduated Repayment – Payments start out a minimum amount that will at least be equal to the amount of interest your loan will accrue monthly. Payments start out low and increase every 2 years throughout a term of 10-30 years until the loan is paid in full based upon total education indebtedness.
Extended Repayment – If eligible, your repayment term will be extended to either 15, 20, 25, or 30 years under a Standard or Graduated Repayment based upon total education indebtedness.
Income Contingent Repayment – Payments are determined based on adjusted gross income and family size. Payments are set annually based on your previous year’s adjusted gross income and family size under a maximum term of 25 years. Payments are based off of 20% of your annual discretionary income. Any remaining balances unpaid after 25 years is forgiven.
Income Based Repayment – Payments are determined based on adjusted gross income and family size. Payments are set annually based on your previous year’s adjusted gross income and family size under a maximum term of 25 years. Payments are based off of 15% of your annual discretionary income. Any remaining balances unpaid after 25 years is forgiven.
Pay As You Earn Repayment – Payments are determined based on adjusted gross income and family size. Payments are set annually based on your previous year’s adjusted gross income and family size under a maximum term of 20 years. Payments are based off of 10% of your annual discretionary income. Any remaining balances unpaid after 20 years is forgiven.
Federal Loan Forgiveness Programs
The Federal Government has introduced many student loan debt forgiveness plans:
- Income Driven Forgiveness Programs – Eligible applicants can take advantage of loan forgiveness after 20 or 25 years of repayment under certain repayment plans.
- Teacher Forgiveness Programs – Teachers can apply to have up to $17,500 of student loan debt forgiven after 5 years of payments for eligible loans and loan programs.
- Public Service Loan Forgiveness Programs – Public service employees, for example, Teacher, Nurses, & Government employees working for Non-Profit employers can qualify to for loan forgiveness after 10 years of payments for qualified loans and repayment plans.
Our experienced Enrollment Specialist are available to provide you with a free consultation regarding the many forgiveness programs that you may be eligible for, determine if you meet the guidelines to qualify, as well as assist with preparing and filing the necessary documentation needed in order to qualify for eligible repayment plans for loan forgiveness!
Federal Student Loans & Legislation
- Total outstanding student debt has passed $1 trillion.
- According to The College Board, the average cost of attendance at an instate public college is $29,061 while a private college is $47,831 in the 2015-2016 school year
- The Institute for College Access & Success reported that 69% of graduates from public and nonprofit colleges had an average of $28,950 in loan debt in 2014.
- Debt at graduation has risen more than twice the rate of inflation
- The Education Department reports that between 2007 and 2011 default rates have risen from %6.7 to %10
- The Health Care and Education Reconciliation Act of 2010 lowered the maximum required payment on student loans from 15 percent of discretionary income annually to 10 percent for eligible borrowers
- The remaining debt would be forgiven after 20 years, instead of 25. The White House said about 1.6 million borrowers could be affected.