What is federal student loan consolidation?
You get a federally backed consolidation loan to pay off your existing student loans.
The loan is issued by the Department of Education.
Unlike your typical bank loan, federal student loan consolidation doesn’t require you to have a high credit score.
The loan is then serviced by one of several student loan servicers, including Sallie Mae, Navient, and Great Lakes Student Loan Servicing.
After your existing student loans are “paid in full”, you are left with one new loan to pay back.
The federal government offers multiple repayment plans to pay back the new loan.
There are even income-driven repayment plans available where your payment could be as low as $0 per month.
If you get approved for an income-driven repayment plan you can even get loan forgiveness after a certain number of monthly payments.
Loan forgiveness is where eventually a portion of your balance gets completely forgiven – wiped clean!
Benefits of Federal Student Loan Consolidation
- Your creditors will all get paid in full within the next 90-120 days.
- Get immediate relief.
- High-interest rates are eliminated.
- You get one low monthly payment.
- A portion of the balance of your consolidated loan may be “forgiven or canceled” after a certain number of payments. (loan forgiveness)
- Your credit report can remain in good shape.
- You can avoid wage garnishment.
You no longer need to feel like a slave to student loan debt.
Call 866 376-9846. See If You Qualify For Student Loan Consolidation & Forgiveness!
Click Here to Talk With a Student Loan Consolidation Counselor
Student Loan Consolidation Company Credentials
- See our Better Business Bureau (BBB) “A+” Rating
- In Business Since 2004
- IAPDA Accredited
- Association For Student Loan Relief Certified
- Pay Nothing Until Results Are Achieved!
Student Loan Debt Statistics for 2018
- Students across the nation are carrying $1.4-trillion in student loan debt
- 1 out of every 4 students are behind on their student loan monthly payments
- student loan balances increased by $13-billion over the last year
- check out more debt statistics
What About Deferment and Forbearance Options?
Deferment and forbearance of federal student loans only offer a temporary fix.
These options won’t make your debt go away and only postpone the reality, of having to deal with your problem.
However, if you are behind on your student loan payments, you can request 90-days forbearance.
Forbearance will give you enough time to consolidate your student loans, and not have to worry about getting your wages garnished.
Can I consolidate my student loans on my own?
Yes, you can.
Similar to how you can file your own taxes or settle a debt on your own.
The difference with student loan debt consolidation offered by Golden Financial Services is that we will process your student loan consolidation program for you.
Our experienced professionals will do the legwork and take over the heavy responsibility.
We act as a liaison between you and your creditors.
You don’t have to worry about recertifying your program each year because we handle that.
We help you to get the lowest possible monthly payment and apply for your debt to be forgiven (loan forgiveness) after a certain number of payments.
Our Student Loan Consolidation Service Includes
- Pay nothing if results aren’t achieved. You only pay after your loans are consolidated and paid-off “in full”
- Prepare the complex documentation and paperwork, or file your repayment plan and direct consolidation loan online.
- Find you the right student loan program that will provide you with the biggest reduction in your monthly payment and loan forgiveness in the shortest possible timeframe.
- Assemble, review and mail the paperwork to the department of education is required.
- Speak on your behalf to the Department of Education.
- Get your program recertified every year.
- Change your payment dates and the program you are on if ever needed.
- Make sure you get approved for the Public Service Loan Forgiveness Program if eligible
EXAMPLE OF A CLIENT WHO WAS RECENTLY APPROVED FOR THE ZERO DOLLAR PAYMENT PLAN AFTER CONSOLIDATING WITH GOLDEN FINANCIAL SERVICES.
Example Letter Showing a Student Who Was Approved for a Month Payment of Zero Dollars Per Month
Student loan debt is not the end of the road.
You just need to learn how to deal with it.
If you are too busy with everyday life, you can let Golden Financial Services take over the fight.
We will make it easy for you to focus on other things in your life, while we handle your student loans.
Need other types of unsecured debt resolved besides your student loans? Check out all of the debt relief programs available in 2018 by visiting this page next.
CALL (866) 376-9846 to Consolidate your student loan debts today and start improving your life by tomorrow!