Our Services

View information about the programs we can assist you with as well as how we assist you with them below.

Public Service Loan Forgiveness

Elite Student Loan Consulting supports public servants by ensuring enrollment in Public Service Loan Forgiveness (PSLF). Under PSLF, if there is a remaining balance once forgiveness is granted, the balance will be forgiven in its entirety. PSLF is a program that originated in Oct. 2007 dedicated to those employed as public servants with certain qualifiers:

Employed with a qualifying employer such as a city, state, county, federal, tribal, or non-profit organization.
Employed full-time or work at least 30 hours a week.
Loans are listed as Direct Loans or consolidation of Federal Family Education Loans (FFEL) or Federal Perkins Loans to Direct Loans.
Enrolled in an Income-Driven Repayment plan (IDR).
Made 120 qualifying payments.*

* Even if you do not have 120 qualifying payments processed, that does not mean you do not qualify for the program. You will simply just not be eligible for forgiveness until the number of payments are met.

Total & Permanent Disability Discharge

Borrowers with disabilities could be eligible for a complete and total discharge of their federal student loan debt under certain qualifying circumstances. Total and Permanent Disability (TPD) Discharge requires an application and qualifying documentation to be submitted for review to properly determine eligibility. While in the approval process, your loan servicer will pause payments while your case is under review.

If you have a total and permanent disability and are under the care of a physician, qualification can be determined by a certification from your physician. You will have an earned income limit and a monitoring period* for discharge.

If you are a recipient of Social Security Disability Insurance through the Social Security Administration, you also may qualify for TPD. You will have an earned income limit and a
monitoring period.

If you are a 100% disabled Veteran with one or more service-connected disabilities or are considered disabled due to an individual unemployability rating, you qualify for TPD. There is no monitoring period for borrowers under the VA qualifications.

* Once processing of a TPD is in progress, it is important to adhere to qualifying stipulations during the monitoring period or you may risk the loss of eligibility in the program.

Debt Default Recovery

When an individual has been unable to maintain their federal student loan payments, the loans can be considered delinquent one day after a payment is missed. It is important to understand the parameters of default are different according to the type of loans you have. Default of federal student loans can affect other aspects of your life drastically to include, but are not limited to, the withholding of federal tax returns, garnishment of wages, and reflect as a negative item on your credit report. Consolidation of the loans or rehabilitation are viable options to assist borrowers in restoring their student loan debt status, allowing for a path of healthy repayment. Let us help you get back on track by booking a free consultation today.

Income-Driven Repayment Plans

Income-Driven Repayment (IDR) Plans are plans that can provide an affordable monthly loan payment based on a percentage of your discretionary income and family size. The percentage is determined by the plan selected. Here are a few possibilities:

REPAYE (Revised Pay As You Earn):

For borrowers with eligible loans type.
Payments are calculated at 10% of discretionary income.
Annual re-certifications are done to determine increase or decrease in payments using family size
and income.
You are eligible for debt forgiveness after 20 or 25 years with a possible tax liability.

PAYE (Pay As You Earn):

For new borrowers after Oct. 1, 2007, with a disbursement received after Oct. 1, 2011.
Payments are calculated at 10% of your discretionary income, but not more than the amount of standard repayment.
Annual re-certifications are done to determine increase or decrease in payments using family size
and income.
Your loan debt must be relatively higher than your income.
You are eligible for debt forgiveness after 20 or 25 years with a possible tax liability.

IBR (Income-Based Repayment):

Payments are calculated at 10%-15% of discretionary income, but not more than the amount of standard repayment.
Annual re-certifications are done to determine increase or decrease in payments using family size
and income.
Your loan debt must be relatively higher than your income.
You are eligible for debt forgiveness after 20 or 25 years with a possible tax liability.

* All plans listed are eligible for forgiveness with a possible tax liability unless you qualify and are enrolled in Public Service Loan Forgiveness.

The Process

A simple three-step process to saving you money and getting you a low monthly payment.

Financial Analysis

Developing and implementing a plan to manage borrower student loan debt is crucial to long-term financial health. Elite Student Loan Consulting will provide an extensive professional analysis of your student loan situation to assess the most optimal repayment plan for you. We will research any forgiveness opportunities and evaluate your qualifications within this process. Allowing for a bright future beyond student loan debt is our objective!

Document Preparation

We all have experienced the anguish of navigating through the completion of documents that are tedious, yet vitally important. Worry no longer! Elite Student Loan Consulting is a team of experts with a clear grasp of how to properly complete the documents needed, providing a seamless and stress-free experience. We ask you to entrust us as your advocate, allowing us to lift this burden. WE WORK FOR YOU!

Recertification Process

Student Loans are the gift that keeps on giving! Every 12 months the Department of Education requires a recertification of your financials and family size to determine a monthly loan payment for the next 12-month period. If not completed in the timeframe mandated by your student loan promissory note, you could incur penalties to include removal from Income-Driven Repayment. This process can be daunting even for those well-versed in student loans, but it does not have to be. Elite Student Loan Consulting will manage this for you. This is what we do!

Are you ready to let us Help You?

The path to lower monthly payments or forgiveness may seem hard — let us make it easy! Let us help you! Book now!