Student Loan Relief combines existing Federal, State, and Local legislation into packages due to similar types of people consistently qualifying for similar groupings of programs. To make them both easier to remember and say we have given the aforementioned packages names, which according to Jason Spencer Student Loan, are as follows;
- SLR1 – Student Loan Relief Simple Plan
The Student Loan Relief Simple Plan is just what its name makes it out to be, simple. You will have a fixed monthly payment and you will usually pay off your loan within ten years. With the Student Loan Relief Simple Plan, your monthly payment will be more than it would be under the other plans but your overall payback is much smaller. This is due to the fact that you will pay off your loan relatively quickly, within ten years. This plan is good for those that can handle the payment and want the debt off them as quickly as possible. This plan will typically allow you to significantly reduce your interest rate and reduce your overall payback and loan balance, depending on a number of other variables unique to each individual.
- SLR2 – Student Loan Relief Extended Plan
Maybe you can’t afford to pay such a high monthly cost to repay your loans, or maybe you don’t want the pressure of paying off your loan in ten years. The Student Loan Relief Extended Plan can extend your loan length to up to 30 years. It will then work like a credit card payment, you will have a minimum balance each month and you will choose how much to pay. If you pay the minimum each month it will probably take you 30 years to repay the loan. There is no pressure and you can go at your own, leisurely pace. An SLR Consultant can assist you with a myriad of payment options and maintain maximum flexibility during the life of the loan. This plan also contains a number of variables that will allow for the forgiveness of some or all of your loan balance.
- SLR3 – Student Loan Relief Career Progression Plan
Sometimes big problems require creative solutions, thus the Student Loan Relief Career Progression Plan was created to evolve alongside your career. As you progress in your career, and your income rises, so will your payment. This allows for a very low payment initially, when incomes are often at their lowest. Your monthly payments will start out low but then increase every couple of years. This is a good plan if you expect your income to increase over the years. You can start out paying low when your income is going to be low and by the time the monthly payments get really high, your income will be higher and allow you to compensate for such high payments. Reduced interest rates and reduction of your loan balance are also available with this plan, but they are contingent upon a number of unique variables that are dependent on your unique situation.
- SLR4 – Student Loan Relief Freedom Plan
The Student Loan Relief Freedom Plan was created to free borrowers from the chains that bind them to a situation they don’t deserve to be in. The plan takes into consideration a number of variables that essentially provides relief to those that truly need it. This is the most powerful plan we have created to date and combines a lower interest rate, lower payment, and a substantial amount of loan forgiveness.
- SLR5 – Student Loan Relief Rescue Plan
SLR5 plan is a new repayment plan for the major types of federal loans made to students. Under Student Loan Relief Rescue Plan, the required monthly payment is capped at an amount that is intended to be affordable based on income and family size. You are eligible for Student Loan Relief Rescue Plan if the monthly repayment amount under the SLR Rescue Plan will be less than the monthly amount calculated under the Student Loan Relief Basic Simple Plan. This plan contains a number of the more recent Congressional Bills that produce some of the largest amounts of principal forgiveness.
- SLR6 – Student Loan Relief Educators Forgiveness Plan
The Student Loan Relief Educators Forgiveness Plan is a combination of four Federally created and funded Student Loan Forgiveness & Relief Programs, as well as 92 available State Programs available to residents of their respective states. This is the plan that offers the widest range and most robust options to a segment of significant size and its difficult to disagree with offering rewards to those that give up so much to promote the success of so many. This plan is of great benefit to Teachers and School Administrators.
- SLR7 – Student Loan Relief Angel Plan
The Student Loan Relief Angel Plan includes vast and wide array of Student Loan Relief & Forgiveness Programs created to both assist and reward those that dedicate their lives to the betterment of the less-fortunate. This includes Social Workers, Police Officers, Fire-Fighters, Our Military Men & Women, Charitable Workers, and Postal Workers.
- SLR8 – Student Loan Relief Single Mother’s Plan
The Student Loan Relief Single Mother’s Plan is a collection of various State, Federal and Private Student Loan Relief and Forgiveness Programs created to assist those that truly have the most difficult job in the world with furthering their education as well as a small reward for accomplishing the amazing feat of graduating while managing a family on their own.