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Student Loan Options Processing
Student Loan Options Processing
  • How we can help

    Below are some ways we can help. These tools can help you with your financial goals. If you are already in default or have a lien, you should contact us IMMEDIATELY so we can help get you out of that stressful situation. 


    With the new Income based programs, a student may qualify for a lower monthly payment. It is possible to have as low as a $0 per month monthly payment. The remaining balance at the end of the programs term will be forgiven.The Public Student Loan Forgiveness Program is intended to encourage individuals to enter and continue to work full-time in public service jobs.  Under this government program, borrowers may qualify for forgiveness of the remaining balance of their direct loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers.*
    Qualifying applicants include: Federal, State, local, or Tribal government organization, agency, or entity; public child or family service agency; non-profit organization under section 501(c)(3); and many types of private non-profit organizatios.Teacher Forgiveness programs are available to teachers if qualified. There are multiple programs available. For example, if you are a Full Time teacher with Federal Perkins loans, you may be eligible for 100% cancellation of debt. If your loans are Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and/or Unsubsidized Federal Stafford Loans, you may qualify for up to $17,500 in loan forgiveness and still apply for Public Student Loan Forgiveness.


    Under certain circumstances, you can receive a  deferment or forbearance that allows you to temporarily postpone or reduce your federal student loan payments. Postponing or reducing your payments may help you avoid default.Deferment is a postponement of payment on a loan that is allowed under certain conditions and during which interest does not accrue on Direct Subsidized Loans, Subsidized Federal Stafford Loans, and Federal Perkins Loans.All other federal student loans that are deferred will continue to accrue interest. Any unpaid interest that accrued during the deferment period may be added to the principal balance (capitalized) of the loan(s).*After consolidation, all of the available deferment or forbearance may be reset to allow for up to 3 years of forbearance and up to 3 years of deferment if qualified.


    It is very similar to refinancing a mortgage. This is the most popular form of relief in the industry currently, but might not be the best solution for every consumer.  If you have multiple loans that may be difficult to keep track of, in many cases you may be able consolidate all of them into one loan and one payment.Your old loans will be paid off and you will be given a new loan based on a weighted average of your existing loans. This may also have a positive affect on your credit. Consolidating into one of the new income based programs can also give you an opportunity to qualify for loan forgiveness.Under certain circumstances, consolidation may prevent your student loans from going into default or even pull you out of default.  Please bear in mind these programs are available from the governmentat at no cost to the consumer.  However, just as it may be best to hire an attorney to represent you in court or pay an accountant to do your taxes, consulting with a certified student loan professional may be your best option.

    Tax Refund Offset

    Defaulted student loans can have serious consequences on your life.  For example, the U.S. Department of Treasury can garnish your federal and state tax refunds so that you can repay your debt.  The government also employs the use of tax refund offsets in collecting defaulted student loans.

    Tax refund offsets can be challenged by requesting a hearing, appealing to the Department of Education.  There are multiple defenses to tax refund offsets, such as having repaid your loan, and permanent disability to the borrower, enabling them from being able to repay their defaulted student loans.  If you are eligible for a closed school discharge or false certification discharge, you may also qualify as a defense to tax refund offset.

    Treasury Offset Programs allow the government to garnish money so that you can repay your federal student loan debts.  Garnishment can occur for a variety of government funds, such as federal travel reimbursements and state and federal tax refunds.  Your permission is not required for funds to be taken from you, but you will be given information about the amount and date of your offset.

    By defaulting on your student loans, you put yourself at risk for your tax refunds to be taken away.  It is required by law for your guarantor to provide you with notice before offset occurs however.  The notice will note that you have defaulted on your student loan, and a claim is filed against you.  It will also include information such as the rights you as the borrower of the student loan has, ways to prevent tax refund offsets, the procedure of documenting your defaulted student loan, and information on challenging your tax refund offset.

    By making off payments and setting up a satisfactory repayment arrangement, you can lessen the chances of having your tax refund seized.  By contacting your guarantor or enrolling with a student loan forgiveness program, you can learn more about how you can recover from defaulted student loans.