Student Loan Relief will not be accepting any new clients as of January 31, 2014    Regrettably, As of November 1st of 2017 Student Loan Relief Will Begin The Winding Process in Preparation for Closure. We Will Do Our Very Best To Always Be There For Those That Continue To Need Help But Moving Forward We Will No Longer Be In The Business Of Offering

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15 Jun Student Loan Relief Help From New Government Legislation by Jason Spencer Dallas

Student Loan Relief Help From New Government Legislation by Jason Spencer Dallas Are you seeking student loan help? Well, you're not alone. In the U.S. alone, student loan debt totals more than a trillion dollars. Incredibly, the government owns about 85 percent of that debt, as a result of loans that are disbursed via government student loan programs according to Jason Spencer Dallas. The amount of outstanding student debt held by the U.S. government increases by more than $100 billion each year. Unfortunately, a large percentage of college graduates are seeking student loan help and student loan relief programs. The reason? Well, it's due in large part to the ailing economy and the hyper-competitive job market, which makes it extremely difficult for many graduates to get a job that will enable them to survive and pay back their student loans. Granted, studies still reveal that having a college degree places you in a better position in the job market, as the percentage of unemployed graduates is about half the rate that you'll see among adults who only have a high school diploma. But once you factor student loans into the mix, the advantage becomes much less pronounced. Home ownership rates among college grads with student loans are much lower. The credit scores of those with student loans are actually decreasing with age, whereas those without the burden of student loans are seeing a dramatic increase in average credit score over time. An analysis of the actual amount of money repaid each year has risen slightly in recent years, but a disturbing trend has been detected too. There is a rapidly rising differential between the amount of money that is actually repaid relative to the amount that is estimated to be repaid in a given year. In 2012 alone, the actual amount repaid fell short of the estimated prediction by about 30 percent. With all these facts, it's probably no surprise that student loans have the highest delinquency rate among all common of consumer credit, a category which also includes auto loans, credit card debts and mortgages. And student loan delinquency isn't just growing among 20- and 30-somethings; it has risen significantly --- by more than 25 percent in 2012 alone --- in all age groups. The average is about 35% delinquency --- that means that 1 in 3 college graduates with student loan debt has been unable to make a payment in the past 90 days. So it's no wonder there has been a rapid rise in the number of student loan relief programs and student loan forgiveness initiatives. As many debtors have already discovered, federal student loans are like taxes in that they'll follow you to the grave. Bankruptcies won't do you any good; those student loan debts will follow you until you pay them. But there is one exception that's available to those who work in a 'public service' profession. The U.S. government now offers a Public Service Loan Forgiveness Program, also called the PSLF Program. This student loan forgiveness program enables those who work full-time in a...

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11 Jun Mistreatment of Students with Sallie Mae Student Loans by Jason Spencer Dallas

Student loans are an important category of loans advanced to students. However, they need to be repaid on time. A student loan is a lending made by financial institutions to help the finances of students to support their education and living expenses at the university level. A loan is a convenient option for the students who are good at studies but are not financially sound as the rates are lower than the other categories of loans and the repayment options are easy; sometimes even extended till the student is still studying. Different places have different rules governing student loan repayment says, Jason Spencer Dallas. Loans are planned, keeping in mind the source of return that will enable you to repay on the desired time. But if you are not being able to pay your bill as it arrives then it is a serious matter which needs to be dealt at the earliest. In case you are financial difficulties which are obstructing your repayment plan, then you need to look into the available solutions. Sallie Mae student loans are witnessing high default rate. But under such circumstances, you need to be protected from mistreatment that often lenders subject their borrower to. Student loan forgiveness is a basic fundamental of this category of loan. Under this scheme which is quite an advantage, if you go into a particular career out of the declared list like military etc., then you have the option of getting loan forgiveness on the complete sum or some very easy repayment options. These schemes generally have the backing of the federal system. Thus student loan relief if partial can be through pay as you earn plans or the payment can be deferred in case you are not employed. But you need proper guidance to drive you out through this trouble. Assistance with student loans is recommended for not falling prey to mistreatment. Thus you need someone like Www.studentloanrelief.us to help student loan worries and plan the future course of action. We provide services for strained loans for Sallie Mae student fraternity. Just come to us and worries will abandon you. The first priority should be to avoid making a default. This you can do when the rate is extremely less. And Student Loan Relief can help you make arrangements for that. The surveys suggest that Sallie Mae student loan takers hardly utilize income based repayment program. Thus it is the need of the hour to stop suffering and get your loan neutralized at the earliest. The unpaid loan can threaten your future and to avoid this Www.studentloanrelief.us is a sure shot solution. If you have the commitment to repay then you do not need to worry about the financial constraints as we are here to find a convenient solution to all your repayment troubles. Repayment programs serve as a golden chance to eliminate all types of student loans even private ones. Come to us and secure your future from the troubles that non-repayment of your student loan can invite. Jason Spencer Dallas [embed]https://vimeo.com/220994376[/embed]...

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10 Jun Student Loan Debt Impacted by New Legislation on Interest Rates by Jason Spencer Dallas

In recent weeks, U.S. legislators have been engaged in a heated discussion over the topic of student loan interest rates, which were expected to rise dramatically from a modest 3.4 percent to a whopping 6.8 percent. But President Barack Obama has signed a new bill into law which will drop those student loan interest rates to a more reasonable level --- 3.86 percent for undergraduate students like Jason Spencer Dallas. President Obama's decision to sign off on the bipartisan bill, which was approved in the Senate with an 81-to-18 vote, comes as a relief to millions of students who are faced with repaying tens of thousands of dollars on their student loans. The new 3.86 percent interest rate on federal undergrad student loans does reflect an increase from the prior rate of 3.4 percent, but it's certainly preferable to the measure that would have doubled the rate to 6.8 percent, costing students hundreds --- even thousands --- more over the course of their student loan repayment period. Notably, under the new law, student loans obtained by graduate students are subject to a higher interest rate of 5.41 percent. Federal student loans and the degree to which the federal government subsidizes these loans has been the subject of tremendous debate in recent months. This particular piece of legislation applies to loans issued on or after July 1, 2013. This new law also includes a measure that implements variable interest rates on undergraduate and graduate Stafford Loans, with an interest rate cap set at 8.25 percent for undergrads and 9.5 percent for graduate students. The Stafford loan interest rate will now be revisited on an annual basis using a precise formula that entails considering the rate on ten-year Treasury notes, plus 2.05 percent for undergrads like Jason Spencer Student Loan Relief was. The formula for determining the graduate Stafford loans entails taking the rate for high-yield ten-year Treasury notes and adding 3.6 percent to that figure. While this new legislation means that student loans aren't as high as they may have otherwise been, they are still rising which comes as unwelcome news to millions who are struggling and seeking student loan relief. Approximately 37 million Americans owe more than $1 trillion dollars in student debt, with the government holding $864 billion of that $1 trillion dollar debt figure. Now, consider the fact that the class of 2012 owes, on average, $25,350 in student loans. But the average starting salary for 2012 college graduates was $44,482. That equation makes it extremely difficult for recent college graduates who are faced with paying hundreds on student loan payments each month. It's a situation that's led many to seek student loan relief help. It's important to remember that student loans cannot be discharged in a bankruptcy. This dates back to a 1976 Congressional decision, as legislatures believed that the ability to discharge student loan debt would result in a situation where graduates pursued bankruptcy as an alternative to paying their student loan debt. In 2012, the U.S. Department of Education announced its Public Service Loan Forgiveness Program,...

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04 Jun Student Loan Relief in the US Made Easy by Jason Spencer Dallas

In today’s economy, it has become increasingly difficult to repay the student loan. This has made many Americans angry and frustrated due to the weight associated with the hefty loans and interest accruement.  It thus comes as no surprise that there are several student loan relief programs available to many people. Offering student loan forgiveness, payment reduction, payment postponement to interest rate reduction; Americans like Jason Spencer Dallas can now breathe easy and begin to enjoy their lives again.   While it is hard to find a job after college, it is even harder to get one that will support your repayments. The government has passed enough laws to help borrowers pay their debt but this information is not reaching the public. This is why going to serving companies that help with student loans is becoming a favored option to many. These companies such as Jason Spencer student loan relief have done extensive research and can guide you on how to benefit from these programs. Borrowers get their applications filled out and create a strategy that will work effectively and reduce the burden.   When it comes to getting assistance with student loans, you will need someone who is well versed and experienced in the repayment process. There are so many repayment plans available. Without qualified help, it would be hard to get a plan that will meet and fulfill your needs. Under these programs, you can either have a payment made directly to the lender by your employer or receive funds to help pay your loan. Plans such as standard plan enable you to pay fixed amounts until the loan is paid in full or the graduated plan where payments start low and increase every two years. By contacting Jason Spencer student loan relief, you will get information on different plans available and advice on the most suitable for you.   Another great opportunity to eliminate a student loan is through student loan forgiveness programs. These programs are backed by the federal government and require one to work full time in public service or apply for student loans under the Perkins and Stafford loans programs. After making approximately 120 monthly payments, your loan is erased completely. Below are a few examples of these programs.   The teacher student loan forgiveness was a program created to encourage people to pursue a teaching career. If you are a teacher or an administrator in a public school where you have served in low income or high-risk schools, you can have up to $17500 forgiven after 5 years. However, constant payments must be made during the five years and you must be under the direct loan program to qualify.   If you are a licensed social worker who has served for 4 years in areas such as mental health, health, child welfare, aging and so much more; you might be eligible for the social worker student loan forgiveness. For this program, borrowers need to have worked in critical human service areas and made their payments on time as well.   The nurse student loan forgiveness...

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04 Jun The True Number of Student Loan Defaults are Hidden by Jason Spencer Dallas

The economic crisis in the US just seems to be getting worse day by day according to Jason Spencer Dallas of Student Loan Relief in Dallas Texas. Something always seems to be appearing that will do more damage to the economy. The next thing that will hurt is student loans. Students who have taken out loans to pay for their education are faced with a tough economic situation upon graduation. They just cannot find jobs to pay for their loans and many have defaulted. However, the exact amount of students that have defaulted on their student loans may not be identified as lending institutions offer deferment and forbearance options. Student loans are time bombs just ready to explode. Unfortunately, the timer is hidden as the true number of students who have actually defaulted on their loans is hidden by deferment and forbearance options.  Companies like Student Loan Relief can provide additional options. Students and their co-signatories on the student loan have little or no options left for them should they incur problems with their loans. Some private lenders may offer a reduced monthly payment scheme if the student or the co-signer can still come up with an amount that they can pay towards the loan. If the student or the co-signer cannot pay for the loan at all, then the only other option left to them that some lenders may offer is deferment or forbearance. Unfortunately, these options will add significant amounts to the loan repayment amount due to fees. If deferment and forbearance options are applied on the loan, then the loan has not gone into default. This situation hides the truth for an extended period of time. The US economy will be greatly affected by student loans. The outstanding debt on student loans has already exceeded $1 trillion. The economy is hurting and this situation has only made it worse. Students cannot be blamed as they have done everything in their capacity to complete their education in order to find good employment opportunities. Unfortunately, these employment opportunities are almost non-existent. If students are unable to find jobs immediately after graduation, then they will not be able to pay for their loans. Those who have managed to land a job will have to set aside a huge chunk of their monthly earnings to pay for the loan. If more and more of America’s younger generation fall into this situation, then businesses that look forward to the young generation to improve their sales, will in fact, not have anything to look forward to. The urgency of the matter is somewhat hidden by the deferment and forbearance options. The students may have been given more time to look for jobs to repay their loans, but then they will also end up with additional fees. It is very unfortunate that these students have no other options that are available to them should they have problems finding jobs. Federal student loans have a number of options, but private student loans have become a problem since students are left at the mercy of the...

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