STUDENT LOAN RELIEF
Servicing all 50 states
Student Debt Forgiveness
Borrower's (AGI) income from either 2020 or 2021 must meet the loan forgiveness income requirements (less than $125,000 a year for an individual, or less than $250,000 a year for couples) and head of household, in order for that borrower to qualify for loan forgiveness
Non Pell Grant: up to 10K
Pell Grant: up to 20K
Begin Early October
Will take 4-6 weeks
Changes To My Credit
The forgiveness to the student loans should have not have a huge impact on boosting credit scores because they are considered to be installment loans, which are loans you pay back over a set period of time with regular payment. Nevertheless, any score increase will give you favor with lenders.
DTI (debt to income) ratio - Owing less on your student loans will improve your “debt-to-income ratio,” which is the share of your monthly income used to pay your existing debts. Lowering your DTI, helps you qualify for a larger mortgage, car loan or credit card limit,
Credit report changes could take months after applying. Borrowers should see the debt relief within 6 weeks then expect to see their lowered or erased debt on their credit reports within roughly three months
Make sure you save a record of your reduced debt from your student loan servicer in case you need it as proof. At AnnualCreditReport.Com you can check your credit for free for all three credit bureaus (Experian, Equifax and TransUnion) to confirm they are showing your correct balance. You can check your credit for free at annualcreditreport.com until the end of 2022.