Federal Student Loan Help

Effective June 9th, 2014 the Obama Administrations Presidential Memorandum 79 FR 33843 directing the Secretary of Education to propose regulations making extended repayment options available to borrowers by December 31, 2015 has been implemented.

New Relief For Struggling Borrowers

Recently, new federal programs have been implemented to make student loan repayment more affordable for borrowers, even those who are in default. In many cases, borrowers my not be aware of their eligibility for a $0 payment. That’s right, $0. Additionally, the most beneficial of these programs also carry a loan forgiveness provision, causing the loan to be completely forgiven after a certain number of years, principal and interest.

New Relief For Struggling Borrowers

Recently, new federal programs have been implemented to make student loan repayment more affordable for borrowers, even those who are in default. In many cases, borrowers my not be aware of their eligibility for a $0 payment. That’s right, $0. Additionally, the most beneficial of these programs also carry a loan forgiveness provision, causing the loan to be completely forgiven after a certain number of years, principal and interest.

Even if your loans are defaulted, there are options to get rid of your debt for much less than what you owe. Speak with one of our enrollment advisers today to see if you are eligible to have your loans completely or partially forgiven.

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