Student Loan Advice
At SLP Wealth, we leverage our roots as consultants for Student Loan Planner to offer comprehensive student loan advice tailored to your specific needs. Our objective is to help you navigate the complex world of student loans and create a plan that minimizes your costs in the long run.
1. Debt Payoff Versus Forgiveness Analysis
We provide clear advice on whether it’s more beneficial for you to aim for loan forgiveness or focus on paying off your debt quickly. We analyze your individual circumstances to determine the most cost-effective strategy.
2. Federal student loan strategies
We assist in exploring various federal repayment strategies, such as income-driven repayment plans, which base your monthly payment on your income and family size. We can guide you through disability discharge options, double consolidation for Parent PLUS loans, and the borrower’s defense to repayment. Additionally, we can help you navigate the Public Service Loan Forgiveness (PSLF) program, which forgives the remaining balance on your Direct Loans after you’ve made 120 qualifying payments under a qualifying repayment plan while working full-time for a qualifying employer.
3. When to Refinance
We help you understand the best time to refinance your student loans based on factors like interest rates, your financial stability, and your overall loan repayment strategy. Refinancing at the right time could save you a significant amount of money.
4. Lowering your Adjusted Gross Income (AGI)
We provide guidance on lawful strategies to lower your AGI, which can potentially reduce your monthly loan payment under income-driven repayment plans.
Our team at SLP Wealth is committed to helping you with ongoing support to optimize your student loan repayment strategy. Our goal is to provide you with the knowledge and tools to make informed decisions about your student loans, ultimately reducing your financial stress and paving the way to a secure financial future.
Need help with your student loan strategy? Book a 30-minute focus meeting appointment with your planner today. If you haven’t joined SLP Wealth yet, click below to get started: