We focus exclusively on qualifying everyone with federal student loans with the Public Service Loan Forgiveness Program. We'll have the help you deserve.
How we CAN
Help You.
6. Income Driven Repayment:
The monthly payment will stay the same regardless of the repayment length.
7. Income Tax Free:
After 10 years the remaining principal plus interest balance will be forgiven tax free.
10 years = $37,047 Income Tax Free
20 years = $46,394 Taxed as Income
25 years = $51,752 Taxed as Income
The 20 and 25 year forgiveness plans remaining balance, that is forgiven will be considered as income. You will have to pay INCOME TAX forgiven amount.
Reducing the repayment length of your student loans will change your financial life forever!!!
5. Compound Interest
Total Principal + Interest
10 years = $ 40,878
20 years = $ 52,611
25 years = $ 62,091
4. Fewer Payments
10 years = 120 payments
20 years = 240 payments
25 years = 300 payments
3. Loan Repayment Terms:
Save 10 to 15 years off the repayment term.
2. Total Saved
10 years = $21,078
20 years = $14,811
25 years = $15,291
1. Repay Less Money than Borrowed:
Initial loan balance $33,000
10 years = $18,000
20 years = $36,000
25 years = $45,000
(Applies to all examples below $33,000 loan with a 6.8% interest rate with a monthly payment of $150mo)
10 vs 20 vs 25 Year Forgiveness Plans
Eligibility Requirements
-
Have Public Federal Student Loans.
-
Be Enrolled in a Qualifying Repayment Plan.
-
Active in a Qualified field