Debt Discharge = Wealth Creation (February 15, 2017)
Below Are The Ways You Can Relieve Student Debt. These Are Very Specific Circumstances And We Have A Smarter Solution. It’s Still Important That You Educate Yourself On Student Debt However. Read On And Our Solutions Will Follow!
Debt Reduction Services Will Typically Help You…
- Negotiate with creditors to reduce or eliminate interest charges and stop late and over limit fees
- Consolidate credit bills into one easy monthly payment
- Pay off your debt faster
- Lower your interest rates regardless of credit score
- Stop collection calls
- Build a realistic budget and financial plan you can follow
Now OUR Solution For Getting Rid Of Your BAD DEBT
1. WE Get Rid Of ALL Your Debts – NOT just the Student Loans!…………….
2. We will get you your Accredited Bachelor’s Degree if you didn’t complete your Schooling! -And we can include it in our program, only 90% Cheaper-Faster-Easier!
3. We can get you your Masters Certificate at the same time! Included in our program!
4. Turn a defaulted or Late Student Loan on your credit report into a POSITIVE one using our Credit Repair Contact. They will also increase your FICO score to over 800+ which will save you TENS of thousands of dollars in future interest payments while helping you get financing for things you want and need.
5. We Solve Your Student Loan Issues Because Once Your Credit File Is Over 800 FICO, You Will Be Able To Go Through Our “Funding Funnel” And Usually Be Able To Get From$200,000 Up To 3 Million In New Funding!
i. Why would you want to swap loans and pay more fees and costs associated with other funding?
ii. Because we can get you Hundreds of Thousands of Dollars MORE than your student loans are. This will allow you to break free from Decades of FINANCIAL SLAVERY and move into an INVESTOR or ENTREPRENEUR Role, get rid of all your student loan issues, get your FICO scores back to the top 2% of Americans, and put you into a position of MAKING MORE MONEY. Just make more money! With more money you will be exposed to bigger and better opportunities that the “Average Joe” is never exposed to.
Here is an example:
Buy a McDonalds Franchise, hire a restaurant management company and sit at the beach and cash your paychecks.
Of course this is a simplified example but this is how easy it is to break free from the RAT RACE and move into a position like the Ultra-Rich do.
You must realize how just a few simple changes in your attitude, motivation, and Financial Intelligence can move you from the poverty rolls where at 65 years old 95% of Americans depend on a few government scraps to survive, to the upper 2% of the population. These are the Financially Intelligent people.
At Millionaire Mentor University & Millionaire Mentor Blueprints We Have Hundreds Of Mentors & Income Ideas, Business Opportunities, Franchises, Million Dollar Products, and Solutions For Anyone Who Has The Desire To Achieve!
The best Financial Educator for this generation is Robert Kiyosaki from Rich Dad Poor Dad fame, and he explains very simply the difference between GOOD DEBT and BAD DEBT.
We are simply turning your BAD DEBT into GOOD DEBT. Don’t be a Dum Dum.
Now Here Are The Ways Other Companies TRY To Do It. 99% of them are just Re Organizing Your Loans Into One Loan, And Lowering Payments, FOREVER!
1. Try and qualify for a Federal Student Loan Forgiveness Program!
The first way to eliminate your student loan debt applies to people with Federal student loans. These are student loans that are typically handled by the Department of Education or a student loan servicing company These include many different student loan programs handled by the Federal government, and they are very difficult to get. We have a better way to do this.
There are three major, and several smaller student loan forgiveness programs. The most popular Federal student loan forgiveness program is Public Service Loan Forgiveness. This program offers student loan forgiveness to people who work in public service for 10 years. Public service not only includes government jobs, but it also includes many non-profit jobs, education jobs, and service jobs like law enforcement or public safety. Yea, this is great, work for 10 years then get your loan squashed. There is a better way and it’s not this.
The other two common ways to get Federal student loan forgiveness is to be a teacher, which has its own Teacher Loan Forgiveness Program (which doesn’t cover as much as PSLF), and military service loan forgiveness (which is also being phased out due to the PSLF program).
2. Find State Assistance For Your Student Loans
Many states also offer various student loan forgiveness programs for your student loans. 46 out of 50 states offer at least one program, with some states offering many different programs to cover a wide variety of loan types, employment, etc.
California, for example, offers student loan forgiveness for doctors, health professionals, and dentists. Meanwhile, Texas offers student loan forgiveness for professors, speech therapists, nurses, doctors, teachers, and lawyers.
Before you give up on not qualifying for Federal loan forgiveness programs, check your state and see if they offer any incentives or assistance: Student Loan Forgiveness by State.
There is a better way to do this. We’re going to show you.
3. See If you’re Employer Offers Tuition Reimbursement.
Did you know that more and more employers are offering tuition reimbursement to help their employees pay for school? It’s one of the ways that I paid for school – because I worked full time while getting my college degree. Some companies, like Starbucks, even offer their employees full degree programs as part of their employee benefits.
Even better, some companies are now offering their employees Student Loan Repayment Programs – where the company is paying off portions of their employee’s student loan debt.
Working during college is one of the smartest moves that any student can make. But if you’re already working, why not make sure that you’re taking advantage of all your employers’ benefits and see if you can’t eliminate or erase some of your student loan debt with a tuition reimbursement program. Many of these programs require you to pay up front (thus take out student loans), and then provide proof of course completion to your employer. Once you’ve completed the class, your employer will typically reimburse you through your paycheck.
Already done with school and buried in student loan debt? Some employers offer signing bonuses and other perks to potential employees. But you have to ask. Along with negotiating that first salary after graduation, you need to see if your employer will offer you any help with your student loan debt.
4. Try to get your Federal Student Loans Consolidated.
The next option to try to help you eliminate your student loan debt is to consolidate your Federal student loans. Now, while consolidation by itself won’t help you lower your payments or your student loan balance, what it will allow you to do is to be financially organized.
When you start college before your freshman year, you’ve likely already signed up for your first student loan. Then, you sign up and receive a new student loan each year. And if you’re Federal student loan doesn’t cover the full balance of your tuition, you likely have private loans as well (which we’ll cover below). That means, you could a have four or more different loans and payments. How confusing!
To make matters worse, each of these loans could have a different payment amount and due date. If you mess up one payment, you could harm your credit score and be hurting your financial future.
That’s why simply consolidating and organizing your student loans is so important. If you want to be coached through the process, check out our program Ditch Your Student Loan Debt.
5. Find A Plan That Matches Your Ability To Re-Pay the loans.
The next step in eliminating your student loan debt is to find a repayment plan that matches your ability to pay. After you graduate, you are automatically enrolled in the Standard Repayment Plan. This is 10 years of even payments – which may not work for all borrowers. The trouble is, many graduates don’t know that they can change this plan – they just assume they are stuck with that student loan payment.
If you have Federal student loans, there are many repayment plans that could help you make your student loan debt more manageable – which, in turn, will help you eliminate your debt faster.
If you plan on your income going up in a few years after graduation, you could look at a repayment plan like Graduated, which has a lower upfront payment that rises over time. If you want a lower monthly payment, but are okay with paying it over a longer time, look into the extended repayment plan.
6. Setup An Income-Based Repayment Plan With Loan Forgiveness.
When selecting a repayment plan, if any of the above Standard options still don’t work, Federal loans offer income-based repayment plans. There are several versions of this, but the most popular are Income-Based Repayment (IBR) and Pay-As-You-Earn (PAYE).
The great thing about IBR and PAYE is that they offer a “secret” benefit – student loan forgiveness. Many people don’t realize is that both of these plans offer student loan forgiveness at the end of the repayment term. Any remaining balance on the loan will be forgiven, but unlike the other Federal student loan forgiveness plans, you will owe taxes on the amount forgiven. Either way, this is an excellent benefit.
With both of these plans, you simply provide proof of income, and the Department of Education calculates a monthly payment for you that is 10% of your discretionary income. That means your monthly student loan payment will be affordable! You do have to resubmit your income annually, and your payment could rise as your income rises.
If you’re in Public Service, signing up for IBR or PAYE and combining it with PSLF is one of the best ways to minimize your student loan debt.
7. Refinance Your Student Loans
If you have private student loans, the best way to start eliminating this debt is to refinance your private loans at a lower interest rate. This will not only save you money in interest over the life of the loan, but it will also lower your payment up front.
One of the best tricks is to refinance your loans at a lower payment, but continue paying your previous payment amount. This could potentially shave years off your loan, saving you hundreds or thousands of dollars.
8. Earn More Money. NOW we are getting smarter!
Finally, if none of these options work (or none of them totally eliminate your student loan debt), the next best thing you can do is earn more money. I’m a firm believer that everyone can earn an extra $100 per month if they try to. That extra $100 per month can be applied to your student loan debt, eliminating $1,200 per year from your loan balance!
INCLUDED IN YOUR DEBT ELIMINATION AND FUNDING PROGRAM………….
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Now That you’ve Been Educated In Student Loan Debt AND How To Acquire Financial Freedom, It’s Time To Speak ToA Mentor! Click Below To Schedule An Appointment!