Student Loan Forgiveness
There are several student loan forgiveness programs in Texas that are available to students who are facing financial hardship. If you are struggling to make ends meet and living paycheck to paycheck along with having difficulty in paying back your student loans, call Freedom Loan Resolution Services.
Each individual has their own unique circumstances but the options that are available to you range from principal reduction, loan forgiveness, or a complete loan discharge. Our student loan counselors will help review your specific situation and help determine which loan forgiveness program is right for you.
Under the best of circumstances you could have your entire loan dismissed which would help eliminate a big portion of the financial hardship that is contributing to your overall financial problems.
Income Based Payments
Freedom Loan Resolution Services has student loan forgiveness counselors available in Texas to help students that are looking for ways to deal with their past due student loans. For many, an income based payment plan may be available, but each circumstance is different. Our student loan counselors will sit down with you to determine if you are not only eligible for an income based payment plan but if it is right for your specific situation.
In an income based payment plan, your family size and income would dictate what your monthly loan repayment amount would be. In the best of circumstances, your monthly payment could be as low as $0.00 per month, but it is specific to each individual and is based on family size and income.
This option is great for students or families that want to manage their student loan repayment but are struggling to make the payments required because their total debts each month are equal to or higher than their total income.
Loan Consolidation Prep
Students in Texas that are struggling to juggle all of their student loan payments may find that federal student loan consolidation is the right option for them. Under federal student loan consolidation, all of your federal student loans would be organized into one new loan with one loan payment.
This can be a great option for those that want to pay of their student loans but are having a difficult time managing all the different payments on top of mandatory expenses such as a hou
sing payment, car payment, and other living expenses.
With one new student loan payment, you can better manage your expenses so you can stay on track towards paying off all of your student loans. Let our expert student loan counselors help you prepare all of your loan documents to ready them for federal student loan consolidation.