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News / Education

Michigan Student Debt Counselors at Freedom Loan Resolution Help Guide Students Through Loan Forgiveness Applications

Michigan students that have past due student loans that are struggling to make ends meet can find the student debt relief assistance that they need with Freedom Loan Resolution. Our Michigan student debt counselors will help review your financial situation to best determine which of the available programs you are eligible for. Call our student debt counselors in Michigan today at Freedom Loan Resolution at 888-780-6225.

In Michigan, there are a variety of student loan assistance and forgiveness programs available to students. You could be eligible for student loan forgiveness, income based payment plans or federal student loan consolidation.

In student loan forgiveness, you may be eligible for a principal reduction, loan forgiveness, or a total loan discharge. Each case is different, but in the best of circumstances you could have your entire student loan debt wiped away.

Income based payment plans are great for students with families that want to pay off their student loans, but as a result of their family size and income, their existing payment is too high. Your new payment will be calculated based on your income and family size, and could be as low as $0.00 per month.

Finally, federal student loan consolidation is a great option for students that are attempting to pay off their student debt, but are having a difficult time juggling their mandatory living expenses along with multiple student debt payments to different lenders each month. Your student debt would be organized into one new loan, with one lender, with one low monthly payment that you can afford.

Get the guidance and assistance you need to correctly apply for student loan forgiveness programs in Michigan with Freedom Loan Resolution. Reach us today to get started on your student debt relief at 888-780-6225.