Uhlitzer Student Advantage Assists Borrowers to Get the Benefits of Obama’s Loan Forgiveness Program
Scottsdale, AZ, July 12, 2014 --(PR.com
)-- Uhlitzer Student Advantage is a leading Student Debt Relief Company that provides extensive assistance to borrowers who have taken out educational loans and are facing difficulties to repay. The company is also providing free consultation on various loan consolidation and loan forgiveness programs offered by the Department of Education, including President Obama’s Student Loan Forgiveness Plan.
After President Obama’s announcement of the Student Loan Forgiveness program, the subject has been under constant public review. This program has been designed to ensure that student loans get affordable.
On January 27, 2010, President Barack Obama stated - “Let's tell another one million students that when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years –- and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college.”
The above statement has recently been actualized by the President when he submitted his budget proposal for 2015. This loan forgiveness program is intended to make affordable student loan repayment plans. The Health Care and Education Reconciliation Act will provide borrowers with new choices to repay their loans. The program will also expand the income-based repayment plan for federal student loans.
In this context, Uhlitzer is offering help to borrowers better understand the program. The firm is also guiding borrowers on how to prepare for loan consolidation along with the filing requirements. Uhlitzer’s assistance in the consolidation of student loans helps by reducing the monthly loan payment obligation. Through the student advantage program, borrowers can consolidate their multiple student loans into one. As a result, they need to make a single monthly payment at a revised interest rate.
According to Obama’s Loan Forgiveness Program, borrowers who have made regular payments on their federal student loans for at least twenty years will automatically get forgiveness on the remaining debt. For people in public or non-profit jobs, these debts will be forgiven even earlier. Also, under this program, the PAYE (Pay As You Earn) benefits would be available to all of the borrowers.
Besides educating and guiding borrowers on the President’s loan forgiveness plan, Uhlitzer Student Advantage also provides help on numerous student consolidation plans. The firm offers consultation related to the Income Based Repayment Plan (IBR), Income Contingent Repayment (ICR) Plan, Standard Repayment Plan (SRP), and the Graduated Repayment Plan (GRP). With the help of these plans, borrowers will be able to consolidate and repay their loans in a convenient manner. During its consultation process, Uhlitzer also clarifies the borrowers on the eligibility criteria and repayment calculations.
About the company
Uhlitzer Student Advantage is a Student Debt Relief Company that assist borrowers in consolidating loans along with the filing of applications to the Department of Education. It works at simplifying the student debt-related processes like deferment, cancellation and repayment. Borrowers are also updated about the available repayment options, according to their financial situation. The company also gives consultations on various repayment options, suitable for the borrowers.