Student Loan Consolidation Document Preparation


Student Loan Consolidation Document Preparation

You Deserve to Know Your Options

It has been widely reported that student loan debt in the United States had topped a staggering 1.3 trillion dollars.

Student Aid Group was founded with the sole purpose of providing the essential services needed to navigate, prepare and follow through with the Federal Student Loan documentation process. To provide every client superior service, unparalleled care and an effective solution for their Student Loan Document Processing. Our highly trained staff will walk you through your options and help prepare and finalize your documents, depending on which program you select.

We Take Student Debt Seriously

Our team will help you navigate the numerous repayment plans available and provide you with the information you need to make an informed decision on which program you could apply for should it be determined assistance is your best course of action.

With so many repayment options available we understand that seeking information and assistance can feel overwhelming and difficult. Our mission is to provide you a clear path to resolving your student loan debt by taking into consideration your personal financial situation and what your repayment abilities are as well as identifying which repayment program best matches your needs.

Understanding Forgiveness Programs

You can reach our team of highly trained experts at 844.314.1511. Can’t talk now? No problem, simply fill out our brief application and one of our agents will get in touch with you.

We understand everyone’s circumstances are unique. Let us navigate the countless and constant changing programs to find you the perfect loan forgiveness, consolidation, or payment restructuring plan possible.

Enjoy the lifted burden of knowing you have the best structured loan possible. One 10-minute phone call can make all the difference.

Your Repayment Options

You may be eligible for principal reduction, loan forgiveness, or a complete loan discharge depending on your individual circumstance.

Graduated Repayment Plans are plans that allow borrowers to start with a lower monthly payment that will consistently increase every two years. This repayment plan is designed so that it does not extend their repayment period. The gradual increase insures that the loan will be paid off in the same amount of time as your original term. On a graduated plan, the loan may end up costing more in terms of interest paid, due to starting off with a lower payment.

The Income Based Repayment Plan (or IBR as it is mostly referred to) is the most widely available income driven repayment plans for borrowers with Federal Student Loans. This plan takes into account what borrowers adjusted gross income, family size and state of residence. The major difference between this repayment plan and some of the others is that it requires a financial hardship in order to qualify. The Income Based Repayment plan is a qualifying repayment plan and will make you eligible for possible loan forgiveness.

The Standard Repayment Plan for federal student loans is currently the most popular plan offered mainly because it is the plan a borrower is automatically placed in if they do not select one of the other plans available. There are several different types of federal student loans that are eligible for this program, so this program will work for most student loan borrowers. This plan offers a fixed monthly payment of at least $50.00 per month for up to 10 years. This plan can save borrowers money because this plan offers the shortest repayment term so the borrowers pay less interest over that term.

Payments are capped at 20 percent of your discretionary income with a maximum term of 300 months. Any Remaining Balance at the end of your term will be forgiven.

Payments are capped at 10 percent of your discretionary income with a maximum term of 240 months. Any Remaining Balance at the end of your term will be forgiven.