| Posted By |
Message |
EMC11709
LIF Toddler
Member since 3/10 484 total posts
Name:
Erica
|
Student Loan Forgiveness- anyone do this????
Hello All,
I am currently looking into the student loan forgiveness. Has anyone done this? Can you share your experience?
I called a company called National student loan consolidation, 3126193547. I spoke with Andre Edward (Www.nationalstudentloanconsolidation.com)
He told me that the whole process would take 60-90 days and 6 pp live in my household to qualify. They would require an attorney fee up front of $700. (I currently have a little less than $50k in loans). Once the process is completed I my student loans will cost between
$20-40/ month 25 years loan no additional fees loans will be forgiven. This payment would be $260 or so less then what i currently pay, which sounds beneficial. however i am afraid that it could be a scam.
Any experience or advice is greatly appreciated.
Thank you,
Erica
|
Posted 6/19/14 7:20 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
|
Student Loan Forgiveness- anyone do this????
You don't need to pay a fee. Go on line to see if you really qualify.
|
| Posted 6/19/14 7:39 PM |
| |
|
EMC11709
LIF Toddler
Member since 3/10 484 total posts
Name:
Erica
|
Student Loan Forgiveness- anyone do this????
Thanks for your help. What's the website?
|
| Posted 6/19/14 7:46 PM |
| |
|
peanutbutter2
Carpe diem!
Member since 11/10 5287 total posts
Name:
|
Re: Student Loan Forgiveness- anyone do this????
I would trust only your loan service provider to offer student loan forgiveness; I am highly skeptical of any third-party involvement. I've also seen a ton of student loan forgiveness scams on Facebook recently.
Message edited 6/19/2014 7:50:53 PM.
|
| Posted 6/19/14 7:50 PM |
| |
|
tara73
carseat nerd
Member since 11/09 3669 total posts
Name:
Buttercup
|
Student Loan Forgiveness- anyone do this????
Call your lender and ask for income based repayment options or options for deferment/forebearance, consolidation etc. most of the "forgiveness" stuff is scams
Message edited 6/19/2014 9:19:06 PM.
|
| Posted 6/19/14 9:18 PM |
| |
|
alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
|
Re: Student Loan Forgiveness- anyone do this????
Posted by tara73
Call your lender and ask for income based repayment options or options for deferment/forebearance, consolidation etc. most of the "forgiveness" stuff is scams
There is a federal program but most people won't qualify.
|
| Posted 6/19/14 9:35 PM |
| |
|
jessnbrian
Only God knows His plan for us
Member since 4/13 7238 total posts
Name:
Jessica
|
Re: Student Loan Forgiveness- anyone do this????
Posted by tara73
Call your lender and ask for income based repayment options or options for deferment/forebearance, consolidation etc. most of the "forgiveness" stuff is scams
completely agree.
|
| Posted 6/19/14 9:37 PM |
| |
|
|
|
Student Loan Forgiveness- anyone do this????
I did it. I am a teacher. I had to meet a bunch of requirements. I did not need a lawyer.
|
| Posted 6/19/14 10:34 PM |
| |
|
|
|
Re: Student Loan Forgiveness- anyone do this????
Posted by tara73
Call your lender and ask for income based repayment options or options for deferment/forebearance, consolidation etc. most of the "forgiveness" stuff is scams
This. I need to look into it for myself. My payments are affordable, but I keep hearing these rumblings that certain fields you can wipe the slate clean after a certain amount of time.
I'm skeptical too though and like a PP said, I don't trust that I'd even qualify.
Also I'm nervous if they combine both my and DH income the monthly payment will no longer be affordable.
|
| Posted 6/20/14 7:31 AM |
| |
|
Aries14
Can't plan life...
Member since 8/08 2860 total posts
Name:
|
Re: Student Loan Forgiveness- anyone do this????
Posted by 2BirdsofaFeather
I did it. I am a teacher. I had to meet a bunch of requirements. I did not need a lawyer.
How did you go about it? Is there a legit website to see if you meet the requirements?
|
| Posted 6/20/14 9:37 AM |
| |
|
pugmama
April already?
Member since 3/06 5297 total posts
Name:
Erica
|
Re: Student Loan Forgiveness- anyone do this????
Student loans.gov is the website.
|
| Posted 6/20/14 9:40 AM |
| |
|
dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
|
Re: Student Loan Forgiveness- anyone do this????
Many years ago, I did have forgiveness on one of my federally funded loans. I was a teacher and worked with inner city populations and for each year of service, I think 20% of the loan was forgiven, up to a certain amount.
Call whoever manages your loan and ask them. This should all be information you can get for free.
|
| Posted 6/20/14 9:54 AM |
| |
|
EMC11709
LIF Toddler
Member since 3/10 484 total posts
Name:
Erica
|
Student Loan Forgiveness- anyone do this????
I called my lender Sallie Mae, and they currently don't have any information regarding the 10% forgiveness program and they will notify me once its available. However they are offering the teachers program and disabilities program.
Thanks for all of your input.
Message edited 6/20/2014 11:13:02 AM.
|
| Posted 6/20/14 11:12 AM |
| |
|
LovesMike
LIF Adult
Member since 8/10 978 total posts
Name:
|
Re: Student Loan Forgiveness- anyone do this????
Not sure if this might help, but I enrolled in auto-debit with Sallie Mae and in doing so they lowered my interest rate .25%, which I thought was pretty good!
It doesn't lower the monthly payment, but will have an impact over the life of the loan. Just a thought, I was pleasantly surprised!
|
| Posted 6/20/14 11:46 AM |
| |
|
