The Student Loan Program has provided significant results for borrowers. Our clients have benefited from payment reduction, balance forgiveness, interest reduction and interest forgiveness. To give you an idea of a typical result, see the below example:
Before Student Loan Consolidation:
8 loans with Sallie Mae for a total of $36,415.
Monthly Payment: $320.50
Total to be paid: $55,200
After Student Loan Consolidation:
1 loan with the federal government for a total of $36,415.
Monthly Payment: $34.56
Total to be paid: $8,294.
The actual loan amount does not change when it is consolidated. It is just forgiven at the end of the term.
*Results vary depending on: type of loans borrowed, income and family-size, state residence, balance owed, the year the loans were issued, and more. If you don’t qualify, we will still direct you to the best solution.