Whether you love him or leave him, the man has made a great step toward improving the longterm health of your financial situation:
The first step is FREE, and you can simply fill out our online form listing all of your debt and your current life situation. Then, you can speak with a consultant or correspond via email regarding one of our simple plans that is best for you. Obama has reduced the amount of the monthly payment that you make based on income, and that is a percentage of your 'discretionary' income. This ends up being very subjective, and although your monthly payment is reduced a lot, it is still a significant portion of your budget. Fine for some, but we can take a more aggressive approach and get you into the Income Contingent Plan, which is based off of Adjusted Gross Income. This is an absolute number that shows on your tax return after all the net adjustments have been made. The Department of Education will then acquire this AGI number from you and in most cases, payments can be reduced to ZERO. Do this for 20 years, and you cross the finsh line!
What this all means for you, quite simply is that you can look at your student loans more easily as one longterm goal, with that term now being much shorter. It helps make the crucial decision whether you want to pay your life savings away to something that takes away from your quality of life, threatens your ability to purchase a home, sucks up all of your disposable income, and even endangers your childrens' education and your retirement. You may be young and just out of college, or you may have been paying or avoiding payment for years. This is the time to take action. Let us help you seize the plan of action that is going to start letting you put your money to work in your life the way that you originally intended. The most important thing is to get into actual REPAYMENT status now. Only then can you start accruing time toward total cancellation of your loans. So, let's go ahead and pull the bandaid off together. Contact us today.