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If you have student loans you have probably heard of what most experts are calling the “Student Loan Bailout”. Much like the mortgage bailout several years ago, millions of borrowers are having payments reduced and some even receiving refunds or forgiveness.
According to the Washington Post, the Obama administration announced a plan to forgive and additional $7.7 billion in federal student loans held by an estimated 387,000 Americans. This comes months after Sallie Mae, also known as Navient agreed to pay a combined $139 million and the U.S. Department of Education announced more than $480 million in forgiveness for other borrowers.
Borrowers are rushing to enroll in these programs before they change or possibly repealed under the new administration. Due to high demand Process My Student Loans has established a helpline at 1-844-602-6002 where you can speak directly to a student loan specialist to determine your eligibility.
Why is Student Loan Forgiveness Happening?
The amount of money owed by individuals continues to grow due to high compounding interest rates. This is making it even harder for many to overcome student loan debt. As a result, many Americans are finding themselves under a huge burden and cannot pay for some essentials including rent, their mortgage, car payments and even monthly food bills. The effects of overbearing student loans are also affecting the national economy and adding to the growing financial crisis in America.
The Obama Administration hoped that Student Loan Forgiveness options will put more money in our pockets and stimulate the economy. Like the policy or not it may help millions of Americans get back on track. The problem is that these programs are scheduled to change under the new Trump administration..
A Common Struggle
Karl, a Web Designer, explains his personal struggle with student loans. He received his AA degree in Web Design from Bryant and Stratton College in 2004. Borrowing $45,000 in federal and private loans, Karl says he hasn’t been able to get a job in Web design because, “Everything that I had learned from my degree became obsolete even before I graduated because the technology moves so fast.” Since graduation, Karl has fallen behind on his loan payments, and his debt has nearly doubled to $88,000. Despite working full-time during the day and part-time during the nights. He's even been scaling back his expenses to the bare minimum, Karl says he does not see a way out of default.
How Do You Get Help If You Have Student Loans?
If you find yourself burdened by the repayment of student loans, you are not alone. You are just one of the 40 million Americans who owed financial institutions more than $1.31 trillion at the end of 2014.
Despite this, there are several new programs aimed at reducing payments, forgiving, discharging or even canceling student loans owed by millions of struggling Americans. Not everyone qualifies for these programs, but there are several options available for any type of situation. To know whether you are eligible for student loan forgiveness, consolidation or lower monthly repayments, call Process My Student Loans at 1-844-602-6002.
What is Student Loan Forgiveness?
“Loan forgiveness is the cancellation of all or some portion of your federal student loan balance. Yes, that’s right—cancellation of your loan balance. If your loan is forgiven, you are no longer required to repay that loan.”
Steps to Student Loan Forgiveness
You enrolled at a university with the best hopes and intentions, looking to improve your life and the lives of loved ones who depend on you.
Now it's a few years later and the shiny, optimistic dreams of a better future have come CRASHING down to reality.
You have outstanding student loans.
The loan collectors are calling. Maybe your parents even co-signed for you, and now the loan companies are harassing them for money they don't have, just as they plan to retire.
It's hard for you to get a car, or a home...maybe you have children that you worry you can't support while holding your burden of debt.
BOTTOMLINE....You have a student loan that is extremely hard to keep up with payments on, and not much hope for making enough money to pay it. You're probably feeling pretty RIPPED OFF, and it's not an easy time for you.
Ask Us About Applying For Student Loan Forgiveness
Get Your Loans Forgiven!
Who is ProcessMyStudentLoans?
Process My Student Loans is a document preparation company that help students like yourself apply for federal student loan forgiveness. We have helped thousands of students get their loans forgiven after attending a scamming for-profit university. We offer many solutions to individuals dealing with student debt, both federal and private loans.
What we can do for you
- Student Loan Application & Promissory Note Document Preparation
- Student Loan Forgiveness Document Preparation
- Repayment Plan Selection Document Preparation
- Teacher Loan Forgiveness Document Preparation
- Total and Permanent Disability Discharge
- Public Service Forgiveness Documentation of Income
We are AFSLR Certified
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