NOTICE: On September 25, 2017, this and related companies were sued by the Federal Trade Commission for practices related to their student loan debt relief operation. The United States District Court has entered Preliminary Injunctions and appointed a Receiver to take possession and control of these businesses. The Receiver will NOT resume operations. We recommend that you immediately contact your student loan servicer to determine the status of your loan. A list of student loan servicers can be found at: https://studentloans.gov/
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Did You Know?
Obama Student Loan forgiveness is really just a nickname for the William D Ford Direct Loan program. This program was actually initiated under President Clinton, but the Obama administration made some changes to it in 2009, popularizing the term. Some of the changes made under the Obama administration include no longer allowing the federal government to give subsidies to private lenders for federally backed loans, and new borrows are eligible for loan forgiveness after 20 years of repayment instead of the previously established 25 years. There are several repayment options available to former students, with many people qualifying for $0 payments until loan forgiveness is available.