Students can have thousand’s of dollars in student loan debt completely forgiven. The portion of your student loan debt that is forgiven — does not have to be paid.

If your income has been reduced and you can barely afford to pay your student loan monthly payments, well, we have great news… Federal and private student loan relief options are available.

For private student loan relief information visit this page now.

For federal student loan relief and forgiveness information — continue reading this page now.

How to get student loan forgiveness

Any student can qualify for student loan forgiveness. You don’t have to work in a public service job. If you work in a public service job you can have your loan balance forgiven in a shorter time-frame, but anyone can get student loan forgiveness no matter what type of job they have.

Step 1

Consolidate your federal student loans.

Get a student loan forgiveness quote.

Here is an example of what it looks like — after getting your student loans consolidated.

Here is an example of a student loan consolidation that was approved.

Notice the disclosure at the bottom of the letter where it says “Working in Public Service?”.

As you can see, after accomplishing “step one” — which is consolidating; — Now it’s time to take your second step for anyone working in a public service job. If you work in a public service job you must register here — proving that you are working in a public service job. If you don’t have a public service job, you don’t have to worry about verifying your employment.

If you would like assistance with consolidating your student loans — Call Golden Financial Services at 1-866-376-9846 

 

Golden Financial Services is AFSLR Certified and Accredited to help students achieve student loan relief.

Golden Financial Services is Certified with the Association for Student Loan Relief (AFSLR).

Step 2 

After consolidating — You then need to get on the right repayment plan, that offers forgiveness options. Your goal should be to get on the repayment plan that offers you the lowest monthly payment and the highest amount of loan forgiveness.

This client at Golden Financial Services qualified for a zero-dollar per month payment.

This client at Golden Financial Services qualified for a zero-dollar per month payment.

There are approximately nine student loan repayment plans available through the federal government.

Example illustrating student loan forgiveness options

Examples illustrating student loan forgiveness

NOTICE: The PAYE and IBR plans offer more than $90,000 in student loan forgiveness and these plans also offer the lowest monthly payment.

Example of what these programs mean; — Let’s look at the Pay As You Earn (PAYE) — which is one of the most popular student loan repayment plans.

If you get approved for the PAYE plan, you would have to make 240 payments of $65.92. After your 240th payment, your remaining balance would then be forgiven — meaning, you don’t have to pay it!

Every year you have to prove your income. If your income goes up, you will need to select a new plan, that will result in a higher payment.

WARNING:

If you forget to recertify or incorrectly fill-out the application — you can quickly get kicked out of the program and lose your loan forgiveness.

You can see some of the options; such as the standard student loan repayment plan — doesn’t offer any student loan forgiveness.

Only the income based student loan relief programs offer student loan forgiveness.

For Student Loan Relief Assistance CALL TOLL-FREE 1-866-376-9846

 

Student Loan Forgiveness Public Service (AKA: The Public Service Loan Forgiveness (PSLF Program)

If you work over 30 hours per week in a “public service job”, such as teacher’s do — you can have your loan balance forgiven after only 120 qualified payments, versus, 20-25 years for anyone that doesn’t work in a public service job. The biggest mistake students’ make is that they forget to fill out this form validating that they have a full-time public service job.

Step 1.

Your first step is to consolidate your federal student loans into one student loan.

Step 2.

Get approved for a repayment plan that fits your budget.

Step 3

Fill this form out, and do so each and every year for the next 10-years to guarantee you get loan forgiveness after only 120 payments.

WARNING: Thousands of qualified consumers won’t be getting student loan forgiveness on the public service program even though they believe they will be — because they forget to submit this form in step number three, after consolidating and getting approved for a repayment plan. Shame on the Department of Education and loan servicers for not clearly disclosing this to students. The saddest part is that if you ask your loan servicer how to get setup on the PSLF-Program they probably won’t even know how to do it themselves.

What jobs qualify as a public service job?

Public service jobs include:

  • If you work for the government at a state, local or federal level.
  • If you work for a 501(c)(3) non-profit company.
  • Ask your employer!

Examples of public service jobs include:

  • Teacher
  • Americorps or Peace Corps Volunteer

Private Student Loan Forgiveness

Private student loans are funded by a bank or private lending institution, and therefore, private student loan forgiveness is not something offered through the government.

Private student loans CAN BE reduced and settled in a debt relief program. Learn how debt relief programs work by visiting this page next. 

 

For Private Student Loan Relief Assistance Call TOLL-FREE 1-866-376-9846.

 

Obama Student Loan Forgiveness Act of 2016

The Obama Student Loan Forgiveness Act of 2016 is another name for the William D. Ford Direct Loan Program. This William D. Ford Direct Loan Program (FDLP & FDSLP) is what enables students’ to consolidate federal student loans — with a low-interest loan. The William D. Ford Act was passed right after the passage of the Health Care and Education Reconciliation Act of 2010. If a student wants to consolidate their federal student loans, they can do so through these government programs, using the Department of Education’s funds — the Department of Education is who funds these loans.

Student Loan Forgiveness for Teachers

Let’s use this same image again.

Examples illustrating student loan forgiveness

Look at the column labeled “Months in Repayment”. Notice that it says — after 240 payments on the Pay As You Earn and Income Based Repayment Plan is when a student can qualify for student loan forgiveness.

If you work in a public service job, such as a teacher — TEACHERS’ QUALIFY FOR THE LOAN FORGIVENESS AFTER ONLY 120 PAYMENTS! 

However, it’s not automatic. You must prove you work full-time in public service (over 30 hours per week) at the time you sign up, and you must verify that you are still working in public service after the ten years. To play it safe, we recommend you submit this form every year.

Trump Student Loan Forgiveness

As of 2017, there is no such thing as the Trump Student Loan Forgiveness Program. Lots of people call Golden Financial Services asking about this type of program, but it does not exist.

Laws could change now that Donald Trump is President, so we recommend you take action quickly and consolidate your student loans as quickly as possible. Get on a repayment plan that potentially can give you the largest amount of student loan forgiveness.

What to do if you are behind on student loan payments

Student loans are the one type of unsecured debt where the creditor can garnish your wages without first having to take you to court.

Don’t be late, and if you are late – take immediate action towards resolving your student loans.

The good news is… You can quickly resolve the balance owed and consolidate your loans.

Step 1

Request 90 days forbearance from your student loan servicers — giving you enough time to consolidate.

WARNING:

The forbearance will put your balance to zero, but interest will continue accruing each month — which is why we recommend only requesting 90 days worth of forbearance.

Step 2

Consolidate your loans. Visit StudentLoans.Gov to consolidate on your own, or contact Golden Financial Services for a free debt relief quote at 1-866-376-9846.

Step 3

Get on a repayment plan that offers you the lowest monthly payment and the most student loan forgiveness. APPLY ONLINE

Disclosures:

Student loan relief programs do come with fees.

Golden Financial Services is not the government or affiliated with the government.

Students’ must make all of their qualified payments before being eligible for student loan forgiveness.