There are 92.8 million Americans caught in the $1.75 trillion debt crisis. I’m addressing the small group who have been paying student loans for 20 years. More than likely, you’ve seen the Student Loan Debt Relief program bulletins. You’ve probably deleted them.
Why? You’ve tried several times to get from under the crushing debt of student loans. You’ve applied to income-driven repayment plans to lower your monthly payments. Comically, you’re told at your current income; your monthly payment will increase. Here’s more shocking news:
Of the two million borrowers paying on student loans, only 32 borrowers have qualified for loan cancellation.
There are so many scams out there it is hard to know who to trust. You don’t think there is a way out at this point, so you’ve stopped trying.
Imagine if you could wipe out your 20-year student loan debt in a matter of weeks
I hope it has your interest. If you’ve been suffering under the weight of your student loan debt, you have nothing to lose by trying. Go to Student Aid.gov and find out what you need to do to apply. Here are some interesting facts from their FAQ:
- Up to $20,000 in debt relief – if you have ever received a Pell Grant
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- As long as you received at least one Pell Grant of any amount, you qualify for $20,000 in debt relief
- Up to $10,000 in debt relief – if you have not received a Pell Grant
- Defaulted loans are eligible for debt relief
- Easy process
- A short form – you don’t even have to log in to a site
- Fast debt relief
- Qualified borrowers can expect debt relief in weeks.
Let the possibility sink in
You’re probably laughing and rolling your eyes. What would it feel like if you had $20,000 less debt by the end of the year? Would it feel like a victory? That alone should give you incentive to take a look.
Of course, there are those that are opposed to the debt relief program. We don’t know the outcome. Let’s have faith that it will go through as promised. The Student Loan Relief application will (tentatively) be released Monday, October 17, 2022. Be ready.