Services

We offer relief options to those in need of Student Loan Debt help.Our team of highly-trained, professional counselors, underwriters, and customer service representatives is here to identify which programs are available to you.We provide Federal Student Loan Consolidation assistance, consulting, and processing services to those seeking Student Loan Debt relief.

As always, our consultation is FREE and there is absolutely no obligation to you.If you choose to consolidate your loan, we are so confident in our underwriters and our processing department that we have a 100% Money-Back Guarantee*.

Student Loan Forgiveness

One of the greatest opportunities for stressed-out college graduates is "Student Loan Forgiveness" or "Loan Repayment" programs. These programs offer to eliminate some or all of your student loans in return for choosing certain careers, military service, and even volunteer work.There are several plans available that you may qualify for, and we can help.

Such programs can eliminate anywhere from a few thousand dollars to over $100,000 of student loan debt.Ironically, many of these programs receive a relatively small number of applications, indicating that many graduates are completely unaware of these opportunities. At National Student Loan Consolidation, we can show you your options and submit all the paperwork.

Loan Forgiveness Versus Loan Repayment:

For Graduates looking for Student Loan Forgiveness or a Consolidation Plan, take the first step today in getting a Student Loan Consolidation Plan.

Student loan forgiveness programs are those backed by the Federal Government and cover loans issued through Federal programs such as Stafford and Perkins student loans. When you participate in one of these programs, portions of your debt are literally erased from your lender's records. Student loan repayment programs, which are more widespread than forgiveness programs, may be used to eliminate any type of loan, including private loans.

The amount eliminated under loan forgiveness or repayment programs may be considered taxable income in the year received. In other words, if you have $10,000 in loans forgiven next year, that may increase your taxable income in the eyes of the IRS by an equivalent amount. While that's never a good experience, you should never be discouraged from using one of these programs since the benefits far outweigh the cost.

Additionally, any loan repayments made under the National Health Services Corps (NHSC) Repayment Program or any state program eligible for funds from the Public Health Services Act are considered tax-free.

Student Loan Forgiveness for Teachers

Becoming a teacher can be one of the most rewarding professions in our society. However, the financial burdens placed on new teachers can be quite heavy if they take out student loans to cover their tuition. And while the job satisfaction rating for teachers is very high, they often do not make the same type of salary levels as many other professions do, especially in their early years.

However, there are teacher loan forgiveness programs you can take advantage of to help relieve your debt burden and also add to your experience level, which can be beneficial in getting you the teaching job you desire. Essentially, there are two types of loan reduction programs. First, there is the type that forgives part of or the entire debt that is owed. Second, there is the type that involves the cancellation of your loan in total.

Debt Cancellation: Cancellation means that the balance you owe on your loan is removed, and the loan itself no longer exists. However, this type of teacher loan debt cancellation program is only for students who used the Federal Perkins Loan. You can have the Perkins Loan cancelled if you fulfill one of the following requirements:

You must take a full-time teaching position at a qualified low-income school. Or, you must teach in one of the recommended subject areas. It is also possible to have your loan deferred, depending upon the circumstances. If you did use a Federal Perkins Loan, you should check with the school you attended for more information as to how to have the loan cancelled or deferred. Teaching at a low-income school usually requires a set period of time before your loan is cancelled.

Loan Forgiveness is available if you had one or more of the following types of loans:

Direct Subsidized

Direct Unsubsidized

Subsidized Federal Stafford

Unsubsidized Federal Stafford

Then you will be able to qualify for teacher loan forgiveness. These programs are actually designed to encourage more people to join the teaching profession and use their skills at certain designated schools. Usually the schools that qualify are the type of schools which are in need of teachers. These schools may require individuals seeking loan forgiveness to move, depending on their location.

By taking advantage of this program, a student can have their loan forgiven if they complete five consecutive academic years teaching in qualified elementary and secondary schools. Certain educational service agencies that serve low-income families may qualify, as well. There may also be other qualifications, depending on the circumstances of the loan. In meeting the qualifications of debt forgiveness, you can have up to $17,500 removed from the combined total of the loans mentioned above. However, if you only have PLUS Loans, you do not qualify for this program.

You can only apply for teacher loan forgiveness after you have completed the five-year stay at a qualified school or educational program. This will involve the school you taught at since the chief administrator is needed to verify your attendance over the five-year period. It is possible to teach at more than one school that qualifies, in which case you will need the chief administrator of your school to assist you.


Student Loan Forgiveness For Nurses

The health profession is predicted to grow rapidly over the next two decades as the Baby Boomer generation reaches retirement age. With the largest population group in the United States in greater need of health care services, there will be an increased need for doctors, nurses, and other types of health professionals. It’s no wonder that Nursing has enjoyed a huge increase in the number of students seeking to become Registered Nurses, Licensed Practical Nurses and the like.

However, many of these same students face large tuition bills from their respective colleges or universities, which in most cases require loans to help them pay for their education. In such cases, nurses entering the job market are saddled with large student loans that they have to pay off. This means a lower standard of living and large debt hanging over their heads for years to come. There are ways of gaining nursing loan forgiveness which allow these students to have part or all of their loans removed rather than paying them off with their salary. A student considering the Nursing profession should look into these nursing loan forgiveness programs to see if this is the best way to handle their potential debt.

Public Service Employees -In many cases, taking a job in the Public Service sector with your education as a nurse can cause part of or your entire loan to be forgiven. This will depend on a number of factors, but in many cases, nurses who have just graduated from their respective colleges can work two or more years in the Public Service sector and have their loans forgiven upon completion. There are a few qualifications to have public service employment count towards the forgiveness of your loan.

You have Federal Student Loans as a part of the Direct Loan Program. Such loans can be from institutions such as Grad PLUS, Stafford, or if you consolidated your loans through the Federal program.

If your loans are not part of the Direct Loan Program, then you may want to consider switching over through consolidation. In order to qualify for loan forgiveness under the Public Service clause, you must be employed by a non-profit, tax-exempt organization such as federal, state, local or tribal government. This can also include service in the military.

The Military: Service in the United States Armed Forces can significantly reduce or even eliminate your loan debt after a pre-described period of service.

The Public School System: Many nurses start their careers in the public schools, which qualifies them to take away much of their loan debt.

The AmeriCorps or the Peace Corps: These two government-sponsored non-profit organizations require a set time of service during which you may be stationed overseas or in the United States.

Public service is perhaps the most popular way to have part of or the entire loan forgiven and gain valuable experience. Such service can significantly reduce your loan debt and allow you to enjoy a higher standard of living without a large debt.

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Success Stories

My new payment is $0 dollars per month!!

After speaking with the counselor at National Student Loan Consolidation, I found out I was able to qualify for an income-based repayment program.Due to my income and my family size, I qualified for a $0 dollars per month payment! I am so excited to finally get back on my feet, and I'm looking forward to the future and becoming debt free.Thank you National Student Loan Consolidation!

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My Loans will be forgiven

As a public school teacher, my income is limited. I have over $35,000 in Student Loans, which were used to complete my education and obtain my teaching degree.

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*National Student Loan Consolidation.com is a private organization and is not a government entity. National Student Loan Consolidation is a document preparation, submission and tracking service, our fee is only for the preparation, submission & tracking of your Federal Student Loan Consolidation documents.
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