Explore federal repayment programs and take control of your financial future.
According to Forbes Magazine, 44 million Americans have a student loan averaging at $32k and the total student loan debt in the U.S. is $1.4 trillion. Fortunately, there are various federal programs that offer aid. No matter what circumstance you’re in, we specialize in quickly processing your loan documentation and finding government repayment programs that work for you.
What We Do
“Our team helps you review repayment strategies, lower your monthly payments, and learn about federal forgiveness programs.”
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Three Simple Steps to Get Started
Organize
Qualify
File
We locate and organize all of your student loans into one easy-to-review personalized snapshot of your options. Less mess means less stress.
Your documents will be analyzed and submitted to one of our processor professionals in order to make sure you qualify for the best suited program.
We will do all the heavy lifting for you by filing the proper documents. We will follow up with a detailed report of the program results.
Programs Tailored For Your Needs
Repayment Plan Options under the Department of Education’s guidelines and programs
Standard Repayment Plan
Payments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans). (within 10 to 30 years for Consolidation Loans). All borrowers are eligible for this plan. You’ll usually pay less over time than under other plans.
Income Based Repayment Plan
Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan. You may have to pay income tax on any amount that is forgiven.
Pay As You Earn
Your monthly payment is based on annual income, but your loan will be paid in full within 15 years. You’ll pay more over time than under the 10-year
*Nova borrower solutions is a document preparation service and will assemble the necessary documents for you to submit them directly to your lender and the Department of Education.
we are here to help
Many borrowers feel overwhelmed by their student loan debt. Though many options exist for student loans, finding the best option for debt relief can be complicated.
The program you may qualify for depends on several factors, including your occupation, income, family size, and the current status and balance of your student loans. Researching available options, completing paperwork, and staying in contact with the Department of Education can be a lengthy and complicated process. Many borrowers feel overwhelmed by the complexity of student loans and appreciate having a knowledgeable team of professionals to help guide them through the process.
Talk To Our Specialist
2125 Biscayne Blvd, Ste 204 #26206Miami, Florida 33137
645-215-3078
info@novaborrowersolutions.com