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Borrowers that need assistance with their federal student loans can get the guidance and assistance that they need when you contact our student loan counselors. We are more than just experts – when you contact us, you gain access to answers, sound advice, and an advocate for your financial well being. Our goal is too ensure your rights as a…
Loan consolidation prep is another option for borrowers with student debt. In loan consolidation, all of your federal student loans will be combined into one new loan. With this new loan, you will have only one lender, with one monthly payment. With this type of consolidation, borrowers are able to choose a payment plan that is affordable to you, so…
Students that are struggling to make ends meet and have found themselves in a financial hardship as a result of their student loans may be eligible for an income based payment plan. In this type of repayment program, borrowers would have a payment for repaying their student loans based on their income and family size. In some cases, this could…
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When Can My Federal Student Loans Be Forgiven, Canceled, or Discharged?
You must repay your loans even if you don’t complete your education, can’t find a job related to your program of study, or are unhappy with the education you paid for with your loan. You also can’t claim that you have no responsibility for repaying your loan because you were a minor (under the age of 18) when you signed your promissory note or received the loan. However, certain circumstances might lead to your loans being forgiven, canceled, or discharged.
- The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
- Under the Teacher Loan Forgiveness Program, if you teach full-time for five complete and consecutive academic years in a low-income school or educational service agency, and meet other qualifications
- Federal Perkins Loan cancellation is based on eligible employment or eligible volunteer service and the length of time that you were in such a position.
- A total and permanent disability (TPD) discharge relieves you from having to repay a William D. Ford Federal Direct Loan (Direct Loan) Program loan, Federal Family Education Loan (FFEL) Program loan.
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At New Life Processing, we understand the situation that you are in. Our student debt counselors help relieve the stress of student loan and also give you the knowledge you need to understand your rights, the programs available, and the skills needed to protect your assets.
Borrowers that need assistance with their federal student loans can get the guidance and assistance that they need when you contact our student loan counselors. We are more than just experts – when you contact us, you gain access to answers, sound advice, and an advocate for your financial well being. Our goal is too ensure your rights as a…
Loan consolidation prep is another option for borrowers with student debt. In loan consolidation, all of your federal student loans will be combined into one new loan. With this new loan, you will have only one lender, with one monthly payment. With this type of consolidation, borrowers are able to choose a payment plan that is affordable to you, so…
Students that are struggling to make ends meet and have found themselves in a financial hardship as a result of their student loans may be eligible for an income based payment plan. In this type of repayment program, borrowers would have a payment for repaying their student loans based on their income and family size. In some cases, this could…
Students that have federal student loans may qualify for one of the many student loan forgiveness programs that are currently available to borrowers. Depending on your individual circumstance, you may be eligible for a principal reduction, loan forgiveness, or a complete loan discharge.
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OMG! this is amazing i do see my $$$ go so fast down,and with experts like them,you can got it done faster,better and safer, thanks New Life Processing!
Very helpful straight to the point. They are a real company that helps with student loans. They do and will protect you from harassment of Navient.
The Best. They explained the various programs that were avaiablemto me saved me from garnishment and gave me some hope.e me such. Lawrence is was my loan advisor is straight up just a real guy. This company delivers. It’s not a scam. They provide a service that most of us would find exhausting. Lawrence followed through every step of the way.
More Than Just Experts
Borrowers that need assistance with their federal student loans can get the guidance and assistance that they need when you contact our student loan counselors. We are more than just experts – when you contact us, you gain access to answers, sound advice, and an advocate for your financial well being. Our goal is too ensure your rights as a…
Loan Consolidation Prep
Loan consolidation prep is another option for borrowers with student debt. In loan consolidation, all of your federal student loans will be combined into one new loan. With this new loan, you will have only one lender, with one monthly payment. With this type of consolidation, borrowers are able to choose a payment plan that is affordable to you, so…
Income Based Payments
Students that are struggling to make ends meet and have found themselves in a financial hardship as a result of their student loans may be eligible for an income based payment plan. In this type of repayment program, borrowers would have a payment for repaying their student loans based on their income and family size. In some cases, this could…
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