Forgiveness programs are available for qualified applicants. These programs can create an even better situation for the client.  Some of the forgiveness programs include the Public Servant Loan Forgiveness, the Teacher Loan Forgiveness, and the Permanent Disability Loan Forgiveness. 

 

No disbursement will ever surpass 10% of the client's income. Loan periods will not be longer than 240 months. Debtors must forgive any sum remaining after this time.

 

You will be responsible for settling a 10-year fixed monthly obligation until the loans are non-existent. 

 

Payments will not exceed 15% of your unrestricted income. Loan periods will not exceed 300 months. Debtors must forgive any sum remaining after this time. 

 

Initial payments are low and will increase every 24 months. This plan is for individuals who expect their income to increase in the future. 

 

Payments will not exceed 20% of your unrestricted income. Loan periods will not exceed 300 months. Debtors must forgive any sum remaining after this period. 

 

Comparable to the graduated recovery option, but the loan period caps at 300 months. 

 

Student loan debt worries most individuals because it is tough to repay and settle. It is one of the only debts that you cannot wipe away through bankruptcy. Most individuals take out student loans because they are unaware of the many other options available to them. Counselors have a tendency to endorse student loans more actively than government sponsored programs. Unfortunately, this practice keeps the public clueless and it increases debt indirectly. 

 

When you sign up with Grads1st, you will find out which programs are suitable for your circumstance within 15 minutes. Consolidating the loan and developing the repayment plan takes 30-60 days. Contact Grads1st to create a personalized plan today