Success
Stories
Dr. P is a 38-year-old dermatologist, married with five children. She had been paying on her loans for 16 years, which would be $2800 a month for the next 20 years.
Took her through the consolidation program, and at the time we reduced her savings from $2800 to $1400 a month and enrolled her into the SAVE program.
With her new payment plan, Dr. P is now on track to have the remainder of her loans forgiven through the Public Service Loan Forgiveness (PSLF) program in just 4 years. She always expected to be paying until she retired so this has been a huge relief.
Deidre had enough time in PSLF and student loan forgiveness but had never been enrolled into either program. She had multiple loans and was unaware that not all payment plans qualified for forgiveness.
After consulting with Deidre, we enrolled her into and Income Driven Repayment Plan and Public Service Loan Forgiveness.
Thanks to our guidance, Deidre successfully completed her 120 qualifying payments and had her remaining $241,475 in student loans forgiven. She is now debt-free and can focus on expanding her career in the non-profit sector.
Stephanie had loans since 1995 and was overwhelmed by her student debt, paying $600 each month on her FFEL loans.
We advised her that her loans should have been forgiven 9 years ago and not to make another payment. After applying for forgiveness, we were able to get her loans forgiven completely.
Stephanie is now able to start saving for a down payment on a home. She’s relieved to have a clear path forward and is thankful for the financial breathing room.
David, a single father, faced unexpected financial hardships due to a medical emergency. With mounting bills and no room in his budget, he was at risk of defaulting on his student loans.
Our team quickly assessed David’s financial situation and helped him apply for a temporary forbearance, pausing his loan payments for 12 months. During this time, we also worked with him to explore eligibility for an IDR plan to reduce his payments once the forbearance period ended.
David’s financial crisis was eased with the forbearance, giving him time to stabilize his finances. He’s now enrolled in an IDR plan that has reduced his payments by nearly 50%. He’s no longer worried about default and feels more confident managing his finances.
Khadija, mom of three, married, living in California. She qualified for PSLF the entire time the program has existed, but never properly enrolled into any forgiveness program and some loans didn't qualify.
We used a loophole called Double Consolidation to ensure all of her loans qualified and had the same qualified time. Then, we used a combination of PSLF and the one time Account Adjustment to retroactively turn non-qualified time into qualified time to get her loans Forgiven.
Khadija was elated to be financially free from student loan debt. The cost of living is so high in California and without this extra monthly payment, she can focus on saving for retirement and put money away for her kids college savings.