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Examples of programs offered by the Department of Education, all decisions subject to Department of Education (DOE) approval. Programs may be free through DOE, our network services are fee based:

•One New Low Monthly Payment
•Deferment or Postponement
•Student Loan Forgiveness
•Loan Cancellation

Check Eligibility
Student Loan Forgiveness

Student Loan Forgiveness

Learn more about a Student Loan Resolution Program. If the DOE determines you to be eligible, you could save money every month and get the relief you need. The consultation only takes a few minutes if you have all your loan information handy. We pride ourselves in Instant Connect, with No Holding or Waiting during normal business hours (9 am - 6 pm EST). For a free consultation, Call now to speak with a member of our network at (866) 410-1150
Loan Consolidation

Loan Consolidation

StudentDebtHotline.com is a matching referral network that consists of private, non-government affiliated student debt resolution service providers that will help you prepare your documentation to be submitted to the DOE and create a plan for student loan repayment and relief. There are many programs available to reduce or defer your student loan payments through the Forgiveness Programs offered by the DOE. Contact us today for a free consultation. Click or Call Now (866) 410-1150
Deferment or Postponement

Deferment or Postponement

Our private network of providers may be able to help you quickly and easily resolve your student loans. Keep in mind that everyone has the legal right to process their Federal Student Loan Services application documentation on their own behalf for free. Some people find the process to be overwhelming. If that is you, then you can contract with a private agency within our network for services provided that will charge service fees. Find out if you qualify (866) 410-1150
Loan Cancellation

Loan Cancellation

Not everyone qualifies, and there are fees to enroll if you choose to work with a member of our network. We are not the Department of Education or affiliated with any government agency. Although it can be overwhelming to some people, you can forgo using a member service provider within our network, and do this on your own for free directly through the DOE. Contact us for a free consultation at (866) 410-1150

Who Qualifies?


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In 2012, about 60% bachelor degree students graduated with debt. Among those 60%, the average debt was $26,500. The cost of attending college is rising each year, and many graduates leave college feeling completely hopeless about their financial situations. However, there are many ways to mitigate student debt, and some occupations qualify for student debt forgiveness.

Teachers
The government has a Teacher Loan Forgiveness Program designed to encourage people to enter the teaching profession. Through this program, teachers can get up to $17,500 in student debt forgiven if they work at least 5 consecutive, full-time years.

Military
Total amount forgiven depends on rank and branch of the military, but all military personnel can take advantage of a student loan forgiveness program. The Army, for example, will repay up to $65,000 in qualifying student loans.

Medical
Full-time professionals and nurses are often eligible for loan forgiveness under a public health service student debt relief program. You must be employed full-time and make a certain number of your monthly payments on time in order to qualify.

Public Servants
If you are employed full-time in the public service or non-profit sector and have paid 120 loan payments on-time, you can qualify to have the rest of your debt forgiven under the Public Service Loan Forgiveness Program.

Other
The Income-Based Repayment Plan is available to anyone with student debt, and adjusts your monthly payments to 15% or less of your discretionary income. This could reduce your payments all the way down to $0 if you have little or no discretionary income. You pay the adjusted payments for 25 years, and then the rest of your debt is forgiven.

5 Steps of Student Loan Management


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Managing your student loans can be a complicated process. Here are a few things you should consider:

 

1) Investigate federal student loan forgiveness programs

Congress passed a law in 2007 to help those with high loan payments but low-paying jobs.

 

2) Consolidate your student loans

Pay one, low monthly payment through loan consolidation. This will prevent extensive damage to your credit score.

 

3) Apply for repayment based on income

Provide as much financial information as possible on your application to increase your chances of being approved.

 

4) Secure loan deferment until you are more financially stable

If you meet the income requirements, you can defer your loans for up to 36 months.

 

Contact a representative today at (866) 410-1150. Our expert student loan advocates will perform a FREE evaluation to determine which of the above steps you are eligible for. Then, our advocates can guide you through the process to successfully reducing your student loans.