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Forgiveness Programs

 

Standard Consolidation


Standard Consolidation: If you do not elect to enroll in consolidation, your loans will be automatically placed into this program, once your loan satisfies the grace period. These payments are often high and uniquely unaffordable, for the newly graduated student. These plans are usually 120 months in length. TGK Partners are experts in providing you with the best available consolidation options, along with providing the necessary, completed, loan consolidation documents.  Here, at TGK Partners, we have eliminated the guesswork and the paperwork.

 

Graduated Consolidation: This is another option where you have the same 120 months to repay the loan, however, the first initial year has a low payment, wherein, the final year is ballooned.

Public Service

 

Public Service Loan Forgiveness: The PSLF Program is intended to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, you may qualify for forgiveness of the remaining balance due on your William D. Ford Federal Direct Loan Program (Direct Loan Program) loans after you have made 120 qualifying payments on those loans while employed full-time by certain public service employers. Since you must make 120 qualifying payments on your eligible federal student loans after October 1, 2007 before you qualify for the loan forgiveness, the first forgiveness of loan balances will not be granted until October 2017

 

You must not be in default on the loans for which forgiveness is requested. ï‚· You must be employed full time by a public service organization 

o when making each of the required 120 qualifying loan payments.

 

These programs are unique in their existence and the paperwork can be quite confusion.  TGK Partners provides you with the most comprehensive documents available, completely filled out for you, so you do not have to worry.

Income Driven Programs


Income-Based Repayment: Borrowers must demonstrate a partial financial hardship, where their new payment will be capped at 15% of their discretionary income. The program qualifications MUST be renewed annually. This also works for those who have DEFAULTED loans.

 

Income Contingent Repayment: Borrowers must provide consent to disclose IRS tax information for a period of 5 years. Borrowers payment would be based on 20% of their discretionary income. The program qualifications MUST be renewed annualy.

 

Pay As You Earn: Borrowers must demonstrate a partial financial hardship, where their loans currently exceed 10% of the borrowers discretionary income. Income and family size need to be certified annually. This also works for those who have DEFAULTED loans.

 

TGK Partners will provide the documents necessary to enter into on of these programs.  We work with you and for you, providing the best possible documents for your selected repayment program.

Let Us Help You Qualify Today! Services Begin At $19.95 Per Month! Call Us Today!

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 TGK Partners is a professional student loan consolidation document preparation company and is not directly employed or affiliated with any governmental body, specifically the U.S. Department of Education.

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