Biden Loan Forgiveness Halted



Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call


Biden's Loan Forgiveness Program Paused

Daniel Morgan

Updated – Oct 26th 2022

Last week a federal court put a temporary hold on the cancellation of federal student loans. Over 22 million borrowers have already applied for the Biden’s debt relief program. 

The appeal was granted by the 8th circuit U.S. Courts of Appeals. The injunction was filed by a group of six republican states hoping to block the forgiveness program altogether. 

The courts has not provided any information on when they will rule on the case. however it has been expedited on the motion. As of right now the courts has ordered the Biden administration to pause on canceling student loan debt under the program. Plans to start cancelling the debt was set to start as early as next week

The decision came a day after U.S. District Judge Henry E. Autrey, dismissed the states’ lawsuit for lack of standing. Earlier Thursday, U.S. Supreme Court Justice Amy Coney Barrett denied a separate request by the Wisconsin Institute for Law and Liberty, working on behalf of a taxpayer’s association, to pause the program.

President Biden’s loan relief plan would discharge up to $10,000 in federal student debt for borrowers who earn up to $125,000 annually, or up to $250,000 for married couples. Borrowers who received Pell Grants are eligible for an additional $10,000 in forgiveness. Borrowers can apply until the end of 2023. 

Biden hopes of it being processed before a pause on student loan payments ends Dec. 31.

What Other Forgiveness Programs Are Out There?



Biden’s Student Loan Forgiveness Plan — How It Works

Following an abrupt change to eligibility rules in response to legal challenges, only government-held federal student loans are eligible for the student loan forgiveness relief. Commercially-held FFELP loans, which originally could qualify if consolidated, are no longer eligible as of September 29.

The forgiveness program application

The application for the student loan debt relief program is still available. borrowers can visit studentloan.gov to apply. Applications will be submitted however not processed. 

The administration hops to resume the cancellation as early as Dec 31st

Biden Debt Relief Application



Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call



Daniel Morgan

Updated – Oct 17th 2022

Biden student loan forgiveness program


The day we have all been so patiently waiting on is finally here. President Joe Bidens promised federal student loan forgiveness program application is finally ready to accept applicants.

The Biden administration discloses that this application is what they are calling a “Beta Version” of the application. All Americans seeking student loan debt relief can apply for the student loan cancellation. But must understand their application will be used for the purposes of improving the the process and application for future applicates.

In August, President Joe Biden announced his decision to cancel up to $10,000 in student loan debt for individuals making less than $125,000 a year or as much as $20,000 for eligible borrowers who were also Pell Grant recipients.

Individuals that apply for the debt cancellation in this “Beta” period will be emailed a confirmation that the application was received. However the debt relief application will not be processed until the formal application and site is released.

Borrowers that apply during this prelaunch will not need to reapply or resubmit there applications once the real site is launched. This testing period will allow the Dept of Education to pin point and resolve any bugs or issues to the site in real time. and monitor the functionality of the application and website.

Some things to note....

Borrowers must have federally held student loans to qualify. In addition to federal Direct Loans used to pay for an undergraduate degree, federal PLUS loans borrowed by graduate students and parents may also be eligible if the borrower meets the income requirements.

Individuals with loans guaranteed by the federal government however are held by private lenders will not qualify as of right now. Programs like the Federal Family Education Loan program and Federal Perkins Loan program are also excluded from the forgiveness. These individuals would have needed to consolidate those loans into a Direct Loan by September 29th. 

A few Income Points About The Forgiveness Program

Borrowers who made less than $125,000 in 2020 or 2021 and married couples or heads of households that earned lower than $250,000 annually in those years are eligible for up to $10,000 of their federal student loan debt forgiven. The income elements are determined by the adjusted gross incomes.


What Does the Application Look Like?

Here is a preview of the application. This is no cost for the application. However paid services are available for assistance and guidance. For assistance from a student loan specialist click here

The application will begin with a brief description of who qualifies based on their income.  followed by how the application process will work. 

Below that you will see a link providing you with the option to learn more. This will be followed by an information form in which you will have to fully complete. and ends with an electronic signature of your fill name and an acceptance of the disclosure statement. 

Once you complete that. will then need to hit the submit button. 

Where professional may be needed is after this initial process. The Government informs us that individuals seeking the forgiveness. May be required to provide additional documents as well as other forms of verification. 

After submitting the application once the website officially launches, most qualifying borrowers are expected to receive debt relief within weeks.

For professional student loan help with your application click here or call 833-782-7133

Here's The Application

What If You Don't Qualify For the Forgiveness Program

One program we can see with the process already. is that borrowers are not informed if the are eligible once they complete the application immediately. Leaving may feeling like they are approved, when in fact they may not. Borrowers will not be notified of this unfortune news until months later. This will leave borrowers feeling like they wasted their time when they could have used that time to investigate and seek other programs and help. 

Because of this, we encourage borrowers to contact a student loan company and have them review your loans and help you to find out if your loans will qualify.  A professional student loan company can assist in determining if your student loans have a chance at getting the Biden forgiveness. And if chances are that your loans will not qualify. They in many causes can direct you to other programs that my still be able to provide you with some debt relief or cancellation. 




Student Loan Payments Restart In January

The honeymoon for student repayment is approaching its end. The hard reality is that as good as this Biden student debt relief is. Many will not qualify and benefit. Those individuals will have to start back paying on there student loans at the end of January 2023.  


Many will have student loan payments they cannot afford struggle to pay. Income based repayment option may be a solution. 

Need your monthly payments reduced?

Call (833)-782-7133

Consolidation and Affects on Credit



Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call


Consolidation and Affects on Credit

Daniel Morgan

Updated – Jan 12th 2021

consolidation and affects on credit

Are you thinking about buying your first house or maybe you are seeking to get a loan to start your own business. Truly the list goes on, there are many goals you could have great interest. In Which, your credit report and credit score will end up being the determining factor in your approval or rejection process. Which is one reason we want to discuss consolidation and affects on credit.

Rental rates, insurance rates, automobile loans, home mortgage loans and even job placement all are subject to your credit report and credit score. With good credit, you will have a much better chance loan approvals and lower interest rate offers on many of these financial products with lenders, banks and financial institutions.

However, a low or bad credit score in most cases will result in much higher interest rates which will cause you to pay more for a product than its value. A low or bad credit score can result in bank penalties, cancellation charges, credit card rejections and loan application denials.

The question you and many others may be asking is: Does my student loan affect my credit score? And the answer is YES! your student loans are affecting your credit score in a variety of ways, many of which you may not have been aware of….

So “how does student loans affect your credit score?”

Student loans generally fall into the same category as automobile loans and home mortgage loans.

These kinds of loans are considered as installment loans. An installment loan typically starts with a balance that is paid back over time and has a set number of repayments for that time period.

Does it matter if your student loan is private or federal?

NO, all installment loans are calculated and regarded in the same way on your FICO score, therefore the type of student loan you have does not have an impact on how the loan is evaluated.

Student loans do not have their own their own credit category system.

Is getting more student loans bad for my credit?

Getting more student loans is not ideally bad for your credit score but doing can have a negative impact on your credit report.

Your credit score and your credit report are not always regarded or evaluated the same way.

For example, you may have a 700 credit score, but your credit report may document a number of reported outstanding debts, unpaid balances and a not to impressive payment history.

For Example, Home mortgage lenders and banks evaluate your debt-to-income ratio. This process is used to compare your total monthly debt expenses to your total income.

When this ratio is calculated to be to high, stating that there is too much debt in relation to your income, chances are you will be turned down for your mortgage loan application.

So therefore, ultimately your student loans can affect your credit score, they have a greater impact on affecting your eligibility to take out other loans and establish a good credit report.  

Want Your Loan Consolidated?



Your Student Loan Monthly Payments are Important element

So we know that your student loans themselves does impact your credit, but what about the student loan payments?

Probably the most impactful aspect of student loans on your credit is your monthly payments. More specifically, if you are making your payments on time and in full, part or interest only. This is important to understand regarding consolidation and affects on credit.

Changes to your credit score can depend on many factors. Payment history represents 35% of your credit score. This is the most regarded part of your FICO score, by being late on a single payment can cause your credit score to fall.

For example:

Philip currently has a credit score of 670. If Phillip becomes just 30 days delinquent on lets say his student loan payments, his credit score could drop 50 to 90 points from that one account.

Carla, who has a great credit score of 790 could suffer even more than Philip. With a 30 day delinquency Carla’s score would drop by about 100 to 120 points.

Also, if your student loans enter into default or gets sold to a collection agency your credit score as well as your report will suffer an even greater negative impact, often taking your credit score from very good to very bad in an instant. Just another note on Consolidation and Affects on Credit. ‘popmake-{getitnow}’

How student loans can positively affect your credit

Your student loans do not have to be a bruise to your credit, in fact it may be possible for your student loans to become a credit score improvement agent.

Let’s say your credit is not so good, you have paid on your student loans and as a result your credit score has encountered significant drops. You may want to consider refinancing or consolidating your student loans. When you consolidate your student loans a lender can payoff your delinquent student loans and give you a new loan.

The new loan will be somewhat of a new start, providing you a second chance to make your payments on time, build new credit history for your student loans and reduce your income-to-debt ratio, if your payments are eligible to be reduced.

Need your monthly payments reduced?

Fine out if you can get total loan forgiveness!


Key things to take away and remember:

  • Student Loans are installment loans and are report just as other loans for your credit report and credit score.
  • Getting additional student loans has a greater impact on your credit report rather than your credit score.
  • Your student loan payments will make the greatest impact on your credit score. Make your payments on time or seek professional help to help make your payments more affordable
  • Student loan consolidation can help improve your credit if your credit score has already previously been negatively impacted by the student loans.

Now you that you have a better understanding on Consolidation and Affects on Credit. You can decide if consolidation is an option for you. 


Why Use a Student Loan Refinancing Calculator?


Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call


Why Use a Student Loan Refinancing Calculator?

Daniel Morgan

Updated –Jan 2nd 2020

Most people know what a calculator is, but few are aware of the power of a Student Loan Refinance calculator.

Students or former students may be interested in our student loan refinancing calculator  If they are interested in refinancing your student loan.

With our new state of the art calculators we can help student compare and discover the best student loan refinancing options for their person student loan needs.

Which is why use a student loan refinancing calculator is important to discuss. 

How do I use the Student Loan Refinancing Calculator?

  • To get the best accuracy out of the student loan refinance calculator you will need to know each of your student loan balances
  • You will also need to know your current student loan interest rates to input into the calculator, which will calculate your student loans weighted average
  • Double check your information to make sure you have not left any student loans out that you are interested in refinancing. Also make sure you are entering all of the correct student loan interest rates

Can you refinance
your student loans?



Questions: Student Loan Refinancing Calculator

1. How do i Calculate my student loan interest rate?

To get your student loan interest, add all of your interest rates and multiple them by the number of interests. This is will give you your “weighted average interest rate”

2. Will the Student Loan Refinancing Calculator tell me what my refinancing rate will be if i am eligible for a new rate?

No. The calculator with provide you with estimates of your savings based on interest rates you put in the system. To find out what your  refinancing rate will be, request a contact from a student loan consultant

student loan refinance calculator

Need your monthly payments reduced?

Fine out if you can get total loan forgiveness!


Refinance Without A Degree



Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call


Refinance Without A Degree

Daniel Morgan

Updated – Jan 5th 2020

refinance without a degree

We all have goals in live, many of us the goal of going to college, get our degree and move on to the career of our dreams. Our desired hope is that by getting a degree we will be rewarded with better job opportunities and better wages. However, secondary education can be very expensive.  With work, family and many other responsibilities dropping out and sometimes become the only option. Refinance Without A Degree will be at the core of our topic in this article.

We all have goals in live, many of us the goal of going to college, get our degree and move on to the career of our dreams. Our desired hope is that by getting a degree we will be rewarded with better job opportunities and better wages.

However, secondary education can be very expensive.  With work, family and many other responsibilities dropping out and sometimes become the only option. Refinance Without A Degree will be at the core of our topic in this article.

Unfortunately, those who are forced to drop out for whatever the reason will still be required to make payments on their student loan debt.

Refinancing your student loans can help in this situation, but a refinance without a degree can be pretty canny

No Degree Refinancing

Refinancing your student loans can make student loan debt much more manageable. Student refinancing can help with interest rates, alternative repayment options and possibly the lowering of your monthly payments. With all these benefits together, you may be able to free up more of your income to better budge. And a less stress on your financial responsibilities

Private Student Loan Refinancing

When it comes to refinancing private student loans without a degree challenges will present themselves. Most lenders for private and/or federal student loans that you look to refinance with a private lender like a bank usually require completion of your degree program to be qualified for refinancing of your student loans.

However, still are some lenders that will refinance a loan of a borrower that did not graduate. Typically, a person that qualifies for this may have a different application process to complete

Student Loan refinancing with a federal program

Unlike attempting to refinance a student loan through a private lender, refinancing through a federal program is much more forgiving. People that refinance their loans with the federal government are not approved or rejected for the student loan refinance based on if they graduated, received their degree, did not graduate or did not receive their degree. So, refinance without a degree on federal terms is a better situation.

Private student loans are not eligible for federal student loan refinancing programs.

For a person that did not graduate but is stuck with the obligation of repayment of their student loans. Federal student loan refinancing may be a primary option if they have federal student loans.

Based on studies, non graduates have a more difficult time meeting the minimum payment initially issued by their servicer. This could be due to low income, unemployment or other factors. Federal student loan refinancing can help such a person with alternative repayment options, deferment programs, forbearance. And plans based on income.

Many non graduates finds these programs very beneficial during difficult times.

Can you refinance
your student loans?



Repayment Programs (Income Driven)

If you have federal student loans, you will usually enter a standard 180 month repayment 6 months after you leave school, whether you graduated or dropped out early. However, if your payments are too large for you to handle, you may be eligible for an income-driven repayment plan.

Income-driven repayment plans:

  • income-based repayment
  • income-contingent repayment
  • Pay As You Earn
  • Revised Pay As You Earn

With each of these options your monthly loan payment is capped at a percentage of your discretionary income, and your repayment term is extended. That can dramatically reduce your payments, freeing up more money in your budget for your essentials.

  • Forbearance is a option that will allow you to pause or postpone your payment for 30 days, 60 days 90 days and up to 12 months.Many people get deferment and forbearance mixed up. When your student loans are in forbearance, your loans will accumulate interest during this time. You can qualify for forbearance if your payments total more than a certain percent of your gross income. Or, if you are suffering a financial hardship, or fighting with sickness or serious health issues.


  • Deferment gives a borrower the ability to stop their student loan payments for up to a full year at a time. Usually, a borrower is reward up to 4 deferments.  Generally a person would seek to apply for a deferment if they are unemployed and does not see employment coming in the foreseeable future. And, or experiencing severe financial hardship seemingly for an extended period of time. Moreover, in some cases depending on your student loan type, the federal government may cover your interest on the payments for you.

Handing your student loans with no degree

If you are a student that withdrew from your degree program or dropped out for reasons important to you and your family. Do your research to find out what you can qualify for. Refinancing your student loans may be a viable option for you. Presenting the possibility of more attractive interest rates, alternative income sensitive repayment options. And payment stopping options like forbearance or deferments.

Refinance without A degree is a possibility for sure, you just have to fine what situation is best for you.

Need your monthly payments reduced?

Fine out if you can get total loan forgiveness!


Student Loan Grants



Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call


Student Loan Grants

Daniel Morgan

Updated – Jan 2nd 2021


Most of us have at least a few major goals like having enough money for retirement, starting a new business or saving enough money for down payment on a new dream home. But more many of us at the top of that list sits the goal of paying off our student loans. In this article we are going to talk student loan grants.

Surprisingly, not many of us are aware or have little knowledge about the possibility of grants to accomplish this goal of paying off their student loans

Believe it or not, there are many grants for student loans that can be used to pay off your student loan debt.

After Graduation Funding

We all are aware that grants exist but generally we associate them with the act of looking to access funds to accommodate payment to attend a college or university. However, grants are available for individuals that work in specific fields or industries.

These grants for student loan payoff can help soothe a great deal of pressure from paying student loans.

Locating a Grant

There are many directions you can take for seeking a grant for student loan payoffs. The U.S. Dept Of Health and Human Services of the federal government has many grant options.

You can also search for grants by state. Sometimes the state works independently from the federal government and offers their own federal programs for grants. The goal is to encourage grads to build their careers in certain fields with and areas of need in our country.

If you work for a non-profit organization in certain fields there are also options to help with dealing with your student loan debt.

Current Existing Grants for Student Loan Payoffs

Here is a list of student loan grant programs individuals can pursue for student loan payoffs.

Nurse Corps Repay Program
  • Nurses can have up to 85% of their student loan balance paid off with this program. The Nurse Corps Repay Program is offered by the Services Administration as well as Health Resources.

    To qualify you must be:

    A licensed Registered Nurse (RN)

    A Nurse Practitioner

    Work in a nursing facility with a degree in nursing

National Institute of Mental Health Loan Repayment Program
  • Students that graduate with a degree in healthcare and earn careers in social, clinical, or behavioral research with in a non-profit organization can get grants for student loan payoffs from the (NIMH) National Institute of Mental Health Receivers of this grant can use the money to pay of graduate, undergraduate or medical school debt. Those rewarded can receive up to $35,000, to apply applications are online. Applications are accepted from Sept 1st – Nov 15th
Iraq-Afghanistan Service Grant
  • This grant is for individuals that had a parent that died as a result of serving in the military either in Iraq or Afghanistan. Those who qualify can receive up to $5,413.77 dollars for student loan debt. To qualify you have to less than 24 years of age or have been attending as at least a part-time student during the time of the parents death.

To qualify, you have to less than 24 years of age or have been attending as at least a part-time student during the time of the parents death.

Pennsylvania Primary Health Care Loan Repayment Program

Grant is specific for dentist and physicians that are willing to practice in economically challenged areas of the state of Pennsylvania. Receivers of this grant can receive from $30,000  up to $100,000 to go toward the balance of theirs student loan debt

There must be a 2 year service agreement for practice in the state to qualify. Applications must be submitted by Dec

Do You Know All Your Options?



Contraception and Infertility Research Loan Repayment Program
  • Students that enter into the field of reproductive research can receive up to $35,000 a year to assist with student loan repayment under the Contraception and Infertility Research Repayment Program. This program was structured to encourage students to work in the reproductive research field

    Receivers must commit to two years of research in contraception and infertility. Visit the website to apply

New York State Young Farmers Loan Forgiveness Incentive Program
  • Students that seek a career in farming can receive up to $10,000 a year for up to 5 years to payoff their student loan debt if they attend a college or university in New York and agree to operate a farm in the state of New York for a minimum of 5 years.

    Applicants must apply within two years of graduating from school and private and federal student loan borrowers are eligible for this grant. Applications will be available in Oct.

John R. Justice Student Loan Repayment Program
  • Grant is for individuals that are state public defenders or state prosecutors. If so you may be eligible for the john R. Student Loan Repayment Program. Receivers can receive $10,000 a year for up to six years to payoff their student loan debt

    You must agree to work as a public defender or state prosecutor for a minimum of three years to apply for this grant. Additional qualifications may be required, visit your state agency website to find out more.

North Dakota Science, Technology, Engineering, and Mathematics (STEM) Student Loan Grant
  • If you attend a  college or university in North Dakota and got your degree in Science, Technology, Engineering or Mathematics you could qualify for the North Dakota Science, Technology, Engineering, and Mathematics (STEM) Student Loan Grant.

    Many receivers of this grant have been able to save on thousands over the life of repayment of their student loans and finish paying off their student loans in rapid time.

    To apply for the North Dakota Science, Technology, Engineering, and Mathematics (STEM) Student Loan Grant you can submit your application after May 1st.

Alternatives if you don’t qualify for student loan grants

Public Service Loan Forgiveness

Borrowers that work for the government or a non-profit but are qualified for any of the student loan grants, you may be eligible for Public Service Loan Forgiveness. With Public Service Loan Forgiveness, after ten years of service while making qualifying 120 payments on your federal student loans, the government will give you forgiveness on the remaining balance.

Alternative Repayment Options

If you still find yourself not falling into any of the categories above and are having trouble making your monthly payments and your student loans are federal government student loans, then seek to look into income driven repayment plan programs.

These programs can be a tremendous help if you find that you do not qualify for student loan payoff grants or Public Service Loan Forgiveness.

Plans Include: Income Based Repayment, Income Contingent Repayment, Pay As You Earn, and Revised Pay As You Earn

Student Loan Consolidation

And finally, if you can do not find that the alternative repayment plans are not an option you could consider student loan consolidation.

Student loan consolidation can help in many ways from lower interest rates, reduced monthly payments to better loan terms and single loan accounts to manage easier.

With student loan consolidation you can save a lot of money and if you still have a balance at the end of your student loan consolidation term, you could still receive loan forgiveness after 300 months.  

Need your monthly payments reduced?

Fine out if you can get total loan forgiveness!


Additional Student Loan Help Information

As mentioned there are many options a borrower can look into for student loan grants, forgiveness or repayment options. Some options offers help for both federal and private student loan borrowers alike.

Be sure to check with your state and visit your state website for more information on these student loan grants offers for student loan debt payoff.

For information on repaying student loans, check out our article on student loan forgiveness programs.

Student loan forgiveness teachers


Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call


Student Loan Forgiveness Teachers

Daniel Morgan

Updated – Jan 13th 2021

student loan forgiveness teachers
Teacher Loan Forgiveness
Teacher Cancellation Forgiveness

What are the basic qualifications?

How to qualify for Student Loan Forgiveness Teachers

A qualified borrower would need to teach full-time for at least five years or more consecutively. Borrower must actively teach in specific elementary, secondary and educational services agencies that serve in low income communities and meet additional qualifications. But, this is not the case for every Student Loan Forgiveness Teachers program.

Which loans qualify?
The qualified loan types for teacher loan forgiveness is
  • Direct Subsidized Loans
  • Direct Unsubsidized Loans
  • Federal Subsidized Stafford Loans
  • Federal Unsubsidized Stafford Loans
  • Direct Consolidation Loans
Parent PLUS loans do not qualify unless they are consolidated into a new Direct Loan.

Get Your Free Forgiveness Consultation?



Teacher loan forgiveness requirements
  • Must not be in default on your student loans
  • Must not have an outstanding balance on or before Oct 1, 1998
  • Loans must have been made before the end of your five years of teaching
  • Must have been employed for the full five years on full time employment and must be in consecutive years. At least one of those years must be after the year of 1997-1998
  • Must be employed in a school district that qualifies for Title I Funding

General Student Loan Forgiveness

This student forgiveness loan program is for borrowers that consolidate their student loans in a federal student loan consolidation program, but are not qualified through Public Service Loan Forgiveness or does not operate out of the profession of teaching.

Borrowers that enter into an income driven repayment plan will receive general student loan forgiveness after 300 months of making monthly payments. Also, With certain income driven plans a borrower can qualify for student loan forgiveness after 240 months.

Borrowers must have federal student loans to qualify for general student loan forgiveness.

Need your monthly payments reduced?

Fine out if you can get total loan forgiveness!


How to apply for student loan forgiveness

Also, How do I get Started with the Student Loan Forgiveness Program?

If you are interest in fasfa loan forgiveness programs, the best thing to do is to consult with a student loan professional.

Professional assistance is a good option for learning what direction would best for you in your pursue of how to qualify for student loan forgiveness programs. Furthermore, all of these student loan forgiveness programs have standards and specific requirements.

Also, find out all you need to know so you do not waste your time reaching for something you may not have the requirement met for.

Still, if you believe there is any chance you are meeting all the requirements and fall into the laws and regulations to obtain student loan forgiveness then definitely go for it.
Freedom from paying on your student loans could open the door for much more access to other goal financial goals and desires.

It is possible to get a federal student loan forgiveness program, or as some refer to as a fasfa loan forgiveness. Sometimes all you just have to do is reach for it.

Parent PLUS Loans & Refinance PLUS Loans



Easy to qualify programs for student loan relief
After graduation my loan payments where sky high
…I made the call and walked away with my loans forgiven!

You Should Call


Parent PLUS Loans & Refinance PLUS Loans

Daniel Morgan

Updated – Jan 9th 2020

Parent PLUS Loans & Refinance PLUS Loans
So what is a Parent PLUS loan?

Parent PLUS loans are student loans taken out by a parent to help a child or grand child afford the cost of college attendance. Often, these type of loans will allow a parent or guardian to borrow the total amount or cost for the student’s college education. we are going dialogue on the topic of Parent PLUS Loans & Refinance PLUS Loans and what you can do about them.

Unfortunately, these Parent PLUS loans can come with a fairly high cost. Most Interest rates for Parent PLUS loans are very high, because of this more borrowers become more drawn toward refinancing the Parent PLUS loan at some point. Currently, Parent PLUS loans are 6.31% for loans disbursed on or after 7/1/16 and before 7/1/17.

However, there is light at the end of the tunnel, there are multiple options for refinancing Parent PLUS loans.

Let’s go ahead and take a look at a few of these options for borrowers seeking to refinance their Parent PLUS loans.

1. Consolidating Parent PLUS loans

The consolidating of your Parent PLUS loans can provide some great benefits. With that being said, the consolidating of your parent plus loans can also bring limitations to other benefits and you could lose out of benefits as well.

Consolidating a Parent PLUS loan can limit your repayment options. Borrowers that consolidate their Parent PLUS loans are ineligible for income driven repayment plans, these plans include (income based, income contingent, pay as you earn, and revised pay as you earn)  

However exceptions can exist, for example: if a borrower has other federal student loans such as subsidized or unsubsidized stafford loans and they consolidate those loans together with their Parent PLUS loan, then the new loan will become eligible for income driven repayment options.

The loss of these repayment options can become a regret in the future if you at some point run into a financial hardship of some sort.

Borrowers that consolidate their Parent PLUS however are eligible for repayment plans such as the standard, graduated and extended graduated repayment plans.

Generally, these repayment plans are for 10 or 15 years in terms of repayment time period.

Can you refinance
your student loans?



2. Refinancing Parent PLUS loans

You may be a parent that is already comfortable with the monthly and interest terms you have on your parent PLUS loan right now but, better conditions can always be obtained

The refinancing of a parent plus loan is usually done with a private lender or bank. Borrowers looking toward the refinancing option usually are seeking to get their student loan interest rates lowered.

Just as with parent plus loan consolidation, a credit check will be conducted.

The advantage of a parent refinance the loan instead of the student is that a parent usually has more employment history as well as credit history. Because of this a parent will be eligible for better and more attractive interest rates. Over time with a lower interest rate a parent borrower can save a great deal on interest paid.

For borrowers that don’t mind more or less losing most of their federal student loan rights and benefits, they would certainly benefit from looking into how to refinance Parent PLUS loans.

Still, be mindful that some of these federal rights and benefits include alternative repayment terms, forbearance, deferment and student loan forgiveness programs.

Need your monthly payments reduced?

Fine out if you can get total loan forgiveness!


3. Parent Refinance to the Student

Currently a small number of banks and lenders are allowing the child or student to refinance the Parent PLUS loan in their name.

Basically in this option the student completes an application to apply for a private loan. What makes it work is that a student can get approved for a lower interest rate on the private loan. Then use that money to pay off the Parent PLUS loan with its much higher interest rate.

However, credit is a factor with this method. A borrower will need to have good credit and a steady salary.

Generally, online lenders are the best to use with this option. Online lenders will allow the borrower to choose a payment that fits their budget. As well as, choose how long they would like the payment term to be. Usually terms are three to seven years.

The best part about this method is that the parent becomes completely free of the financial obligation of paying back the parent plus loan debt. Is the refinance of Student loans for parents for you?

Is the refinance of Student loans for parents the right option you?

Maybe, if you are not sure if Parent PLUS loan consolidation or refinancing Parent PLUS loans is right for you. Then, think about checking out all of your options. You just may be able to save more money on interest. Or, retain a lower monthly payment by making the decision to refinance Parent PLUS loans.

But i think we call can agree that less money on student student loans can mean more money for traveling, investments or retirement goals.

More available money to payoff other lingering credit hindering debts is always a plus. Refinancing your Parent PLUS loans maybe just the thing you need. now that you understand the Parent PLUS Loans & Refinance PLUS Loans process.

Government Employee Student Loan Forgiveness

Government Employee Student Loan Forgiveness

Government Employee Student Loan Forgiveness

Government employee student loan forgiveness is exactly that in meaning, student loan forgiveness for individuals that 

work for the US Government in any division, branch or level. For many this form of student loan forgiveness is known as 

student loan forgiveness for public service.


Public Loan forgiveness for government employees is one of the best PSLF forgiveness programs available. This is 

mainly because it does not matter what your title is, the fact that you are a public servant working for the Government is 

the primary factor in your eligibility for a public service loan forgiveness program.

Student loan forgiveness for public service was a primary factor to address and modify for the Obama administration. 

Commonly referred to as the “Obama Student Loan Forgiveness Program” or Obama Loan forgiveness” focused on providing

 better student loan forgiveness options for public servants.

Now that president trump is in office, government employee student loan forgiveness along with student loan forgiveness

 for public service may very well be under attack. And with the presidents new plans to reform the public loan forgiveness 

program, we could see these programs diluted in effectiveness and benefits to those that qualify.  

Public Loan Forgiveness Call To Action

It is strongly suggested and advise that those that feel like they may qualify to speak with a student loan professional now 

being that we these programs may not be around much longer.

A student loan forgiveness for public Service advisor can help you determine the best option or route for you to take

 to give you your best opportunity to partake in the advantages of government employee student loan forgiveness. 

And provide assistance with all of the challenges with completing public service loan forgiveness forms and documents.

Public Servant Loan Forgiveness Tip

Be sure to discuss helpful programs like student loan forgiveness for nonprofit, student loan forgiveness for law 

enforcement and, student loan forgiveness for federal employees. All of these will fall under public service loan

 forgiveness, but will go a long way as far as gaining understanding of the public servant loan forgiveness program.

 As well as, how to qualify for student loan forgiveness.

Government Employee Student Loan Forgiveness


So let’s explain how government employee student loan forgiveness works

How to qualify for student loan forgiveness To begin with an individual must be employed by the Government. 

You must work more than 30 or more total hours a week and/or be considered a full-time employee.

Of course assuming you meet all of the other qualifications and requirements, you will be able to obtain student 

government employee student loan forgiveness if you work for the Local, State or Federal Government.

Your student loans will be need to be in Direct Loan Program as well or become a Direct Consolidation Loan. After

 of which, you will need to make 120 on time consecutive payments for 10 years.

Public Service Loan Forgiveness Program Requirements

For individuals not considered as government employees or public servants qualifying for public loan forgiveness may not

 be a realistic option. However those borrowers could possibly qualify for general student loan forgiveness, which will allow

 a fasfa student loan borrower have their public student loan forgiveness after 240 to 300 months. Therefore, those eligible

 for government employee student loan forgiveness should feel pretty grateful for student loan forgiveness after 10 years

 rather than student loan forgiveness after 20 years.

Here is a simple list to help you remember the general requirements for student loan forgiveness for public service.

  • Student loans must be under the Federal Direct Loan William D Ford Program and the loan(s) must not be in
  •  default status (what happens if you default on student loans)
  • Must make 120 consecutive on time payments within an income-driven repayment plan. Note: payments before October 1st, 2007 will not count toward the 120 payments
  • Must be actively working a full-time position in a qualifying public service position with a qualifying organization. All government employee positions qualify.

Public Servant Loan Forgiveness Cream of the Crop

Who has the best chance to be rewarded with such a great public service loan forgiveness program and benefits.
Anyone that has a Federal Direct Consolidation Loan and works for the Federal Government to some degree

 ( Corrections Officer, Policemen, Social Worker, Firefigher, Teacher, Recreation Park worker, state office worker, etc) 

these programs will benefit greatly for.

  • Student loan forgiveness for nonprofit
  • Loan forgiveness for teachers
  • Student loan forgiveness for law enforcement
  • Student loan forgiveness for federal employees
  • Fasfa loan forgiveness

Eligible Student Loan Types


Not all student loan types are qualified for government employee student loan forgiveness.

Private student loans are one important loan type that does not qualify for public service loans forgiveness. 

Here for more information on Private Student Loan Options


  • FFEL Loans
  • Perkins Loans
  • Graduate Plus Loans
  • Parent Plus Loans


All will not qualify for loan forgiveness for public service.


However, some of these loan types like FFEL for instance can become qualified if they are consolidated into 

a Direct Consolidation Loan. Here for assistance with Student Loan Consolidation services.



What is a Qualified Payment


The most important thing is to ensure that each of your 120 monthly payments count toward your forgiveness.


There are three main factors:


  1. Your payment must be a full payment. partial payments will not qualify


  1. Your payment must be on a scheduled payment plan and program


  1. our payment must be an On-TIme payment. Late payments will not qualify



Just be sure to continue to work for the federal, state or local government. Make sure your payments are in full, 

on-time and on schedule. By doing so, you should not have anything to be concerned about.



Also keep in mind that your monthly payment must be under an income-driven repayment plan in order for your

 payments to be applied to your 120 payments for your forgiveness loan.



What Payment Plan Should I Have?


You must elect to enroll into an income-driven repayment plan. Professional assistance may be beneficial when

 attempting to apply for an new student loan plan with new terms you are unfamiliar with.


So what plans are considered to be “Income-Driven”?


These five plans are all plans regarded as income-driven for federal student loans


  • Income-Based Repayment Plan


  • Pay As You Earn Repayment Plan


  • REPAYE Repayment Plan


  • Income-Contingent Repayment Plan


  • Income-Sensitive Repayment Plan

These are the only repayments that contribute to government employee student loan forgiveness and student loan

 forgiveness for public service. Your payments will not count toward any public loan forgiveness at all.



Tell Me More About What Jobs Best Qualify


The chance at public student loan forgiveness is ideal for all government workers. This includes all federal, state and

 local government entities, organizations and agencies.



The main thing is to remain working full time and make the required 120 payments, after of which you will receive your

 government employee student loan forgiveness and/or public servant loan forgiveness.


Here are some of the more common public service occupations for public service loan forgiveness or PSLF forgiveness


  • Teachers
  • Nurses
  • Non-Profit
  • AmeriCorp
  • Peace Corp



Also it would be good to note that you do not have to perform all of your public services all at the same organization or even 

the same position to stay eligible for your forgiveness.


You actually can mix it up, you can do a couple of years as a teacher, then serve as a guidance counselor and finish up your

 last couple of years as a policemen and still get your loan forgiveness after 10 years.



Still need help? Or have more Questions?


You still may have questions about public service loan forgiveness programs or feel like you may need professional assistance

 about how to qualify for student loan forgiveness.


Not a problem, we are here to help you. Who knows, you just might be able to get government employee student loan forgiveness.