WHAT WE DO

MILLIONS OF GRADUATES ARE STRUGGLING TO MAKE THEIR MONTHLY STUDENT LOAN PAYMENTS AND WE’RE HERE TO HELP. IF YOUR PAYMENT IS TOO HIGH OR YOUR WAGES ARE BEING GARNISHED, IN DEFAULT, IN FORBEARANCE OR JUST BEHIND ON PAYMENTS, YOU’RE IN THE RIGHT PLACE TO GET HELP FAST!

BACKGROUND

THESE PROGRAMS WERE CREATED BY THE DEPARTMENT OF EDUCATION AND PRESIDENT G.W BUSH IN 2007 , KNOWN AS THE PUBLIC SERVANT LOAN FORGIVENESS PROGRAMS AT THAT TIME ONLY FOR PUBLIC SERVANTS SUCH AS TEACHERS , DOCTORS AND POLICE OFFICERS WITH STUDENT LOANS TO HELP THEM PROTECT THEIR CREDIT SCORE AND TAKE CARE OF WHAT THEY OWE .

CONGRESS AND PRESIDENT OBAMA THEN REALIZED THERE WERE OVER 44 MILLION PEOPLE WITH STUDENT LOANS HAVING DIFFICULT TIME REPAYING THEM OR FINISHING OFF PAYING THEM DUE TO PREDATORY FINANCIAL TACTICS BY THE LENDERS HIRED TO LEND AND COLLECT ON THESE LOANS THUS CREATING OVER 1.7 TRILLION DOLLAR DEBT IN STUDENT LOANS ALONE AND IN 2010 IS WHEN THE PROGRAM WAS MADE AVAILABLE FOR EVERYONE NO MATTER THE JOB YOU HAVE OR DID NOT HAVE .

SO, THE DEPARTMENT OF EDUCATION CREATED A SERIES OF FORGIVENESS PROGRAMS THAT WERE BASED ON YOUR ABILITY TO REPAY THE LOANS KNOWN AS THE WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM OR OBAMA STUDENT LOAN FORGIVENESS PROGRAMS .

THEY HAVE A FORMULA TO DETERMINE WHAT THEY CALL YOUR DISPOSABLE INCOME AND IT MAY BE AS LOW AS A ZERO-DOLLAR PAYMENT PER MONTH , SO YOU ARE NEVER PAYING MORE THAN YOU CAN ACTUALLY AFFORD TO PAY, NO MATTER THE SIZE OF THE LOANS.

AFTER A PERIOD OF TIME OF MAKING THESE AFFORDABLE PAYMENTS ALL THE UNPAID BALANCE OF THE PRINCIPLE THAT WAS NEVER PAID AND THE INTEREST THAT GREW ON THE LOANS IS ALL PAID OFF AND FORGIVEN BY THE DOE AND YOU SO YOU ARE ALWAYS CURRENT WITH THE LOANS AND MAINTAIN A GOOD CREDIT SCORE TO BE ABLE TO INVEST INTO THINGS THAT WILL HELP THE ECONOMY SUCH AS PROPERTY, CREDIT CARDS , BUSINESSES AND THAT IS THE MAIN GOAL BEHIND THESE PROGRAMS TO HELP MAINTAIN AND STIMULATE THE ECONOMY WHILE HELPING THE STUDENT TAKE CARE OF THEIR DEBT .