For the purposes of this post, I’m going to assume that you’ll pick either the Pay As You Earn Repayment Plan (PAYE), or the REPAYE Repayment Plan (REPAYE), as these are the best options for something like 99% of people looking to receive debt forgiveness.Keep in mind though that the old Income-Based Repayment Plan and Income-Contingent Repayment Plans are both also eligible repayment plans for Obama loan forgiveness benefits.There is SOME leeway in qualifying for PSLF benefits, so it’s worth researching and exploring in detail because the potential payoff (total debt forgiveness) can be massive!

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Nude from woodstock il - Obama plan consolidating student loans

The Student Loan Relief Helpline can help you lower your monthly payments, apply for forgiveness benefits and maybe even get your loans discharged completely, and you won’t even have to pay a single cent for their advice unless you decide to let them handle your loans on your behalf.

Call the Helpline, tell them about your situation, ask what they think your fastest way to paying off your loans will be, and get a quote for what it would cost to have them take care of all the research, paperwork, and applications for you; usually, it’s only a few hundred dollars, and that few hundred dollars could save you TENS OF THOUSANDS over the course of your loan.

If you have any questions about the Obama-era reforms, please ask them in the Comments section below and I’ll get you a response as soon as possible.

If you need an immediate answer to questions about what to do with your student loans, you don’t want to spend hours researching the options, plans and programs available, you’re afraid of falling prey to one of the many Student Loan Forgiveness Scams floating around, or if you’re simply just lost, then you need to call the Student Loan Relief Helpline.

There’s a lot of components involved in President Obama’s loan forgiveness program, but the basic idea is that he changed the way that Federal student loan forgiveness works, making it easier for borrowers to receive total, comprehensive debt forgiveness benefits.

President Obama’s reforms to student loan debt have made it significantly easier to pay back college loans, no matter how much you owe, because there’s a light at the end of the tunnel, where before there was only darkness.

I’m terrified of how IRS tax regulations are going to impact student loan borrowers that get forgiveness benefits, because I think it’s going to saddle people with an even worse debt than student loans: IRS Debt.

First off, the IRS doesn’t let you automatically divide what you owe them into small, monthly payments, that you can issue over a period of several years (they make you apply for that benefit…

The biggest component of the Obama Student Loan Forgiveness Act’s reforms was a significant expansion in the availability of Federal Student Loan Debt Forgiveness benefits, but there are three vital changes that this Act put into place, including: Now, you may have seen links on Google suggesting that you should “steer clear” of the “Obama Loan Forgiveness Program”, but that’s foolish advice, because the changes introduced by President Obama’s Student Loan Forgiveness Act (which people just call “Obama Loan Forgiveness” because it’s easier to remember) are amazing, and should be taken advantage of.

In fact, if you have Federal student loan debt, then you DEFINITELY want to look into these programs and their specific benefits, because you couldn’t find a better way to get rid of your loans quickly, and cheaply, than the Obama-era programs.

Both of these plans offer the same debt forgiveness benefit as the new PAYE and REPAYE plans – total, comprehensive debt forgiveness after 240 payments have been made (or 120 if you qualify for PSLF).