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Fast Track Debt Relief, Inc.
Friday, July 28, 20175eKomi
Very helpful and professional. I was treated like family
Fast Track Debt Relief, Inc.
Friday, December 1, 20175eKomi
Thus far, the service and assistance have been fabulous. Everything is explained very clearly, and, if there are still questions, they are more than willing to explain until you have a full underst...
Fast Track Debt Relief, Inc.
Wednesday, October 4, 20175eKomi
This company made sure I was not only aware of what I needed to be but also made sure I was comfortable with my decision.
Fast Track Debt Relief, Inc.
Thursday, April 12, 20185eKomi
I am satisfied with the information provided by the costumer service rep he took out the time to explain to me in details and made sure that I understood the process of consolidating my credit cards.
Fast Track Debt Relief, Inc.
Tuesday, April 3, 20185eKomi
Just like they say debt relief. I can't wait for that feeling because that's the way they make me feel. They make you feel very comfortable and help you understand the system how it's work.
Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
My experience with this company has been nothing short of fantastic. I would like to point out especially the excellent customer serve by ***. She was always available, cheerful and worked hard t...
Fast Track Debt Relief, Inc.
Saturday, November 4, 20175eKomi
***was awesome he addressed my concerns and was able to put me into a payment I feel comfortable about making.
Fast Track Debt Relief, Inc.
Friday, August 25, 20175eKomi
My experience has been excellent. Everyone that I came in contact with has been very good.
Fast Track Debt Relief, Inc.
Thursday, March 8, 20185eKomi
Fast Track was a pleasure working with. I was really struggling with paying off my debt and they were able to help me lower my payments and pay them off quickly.
Fast Track Debt Relief, Inc.
Friday, November 17, 20175eKomi
My experience with Fast Track has been wonderful due to the concern Ms. *** has. She was so helpful in getting me to understand the plan.
Fast Track Debt Relief, Inc.
Thursday, September 14, 20175eKomi
So far everything has been great! Brad is great to work with and so is the attorney. Prayers that everything goes right with our creditors so we can be debt free before too long!
Fast Track Debt Relief, Inc.
Wednesday, August 9, 20175eKomi
I had a very courteous, polite and extremely well knowledgeable about the information I received. All my questions were answered.
Fast Track Debt Relief, Inc.
Thursday, April 5, 20185eKomi
Our experience with this company to this point has been very good. They seem to be very efficient.
Fast Track Debt Relief, Inc.
Thursday, February 22, 20185eKomi
To whom it may concern, it was a great pleasure working with you and the group. I couldn't have done this without you.
Fast Track Debt Relief, Inc.
Saturday, August 19, 20175eKomi
Great experience. Very professional.
Fast Track Debt Relief, Inc.
Friday, October 13, 20175eKomi
*** has help me and explain their business and I am satisfy and very please. I have heard from my attorney very please with him.
Fast Track Debt Relief, Inc.
Saturday, July 22, 20175eKomi
I like that they take time to Answer all my questions and don't feel rushed when I talked to them.
Fast Track Debt Relief, Inc.
Thursday, February 1, 20185eKomi
The experience with Fast Track has been very easy and *** was very nice and professional, she made sure that I understood everything upfront.
Fast Track Debt Relief, Inc.
Thursday, October 12, 20175eKomi
Very professional and kind. It was hard to go this route because I've been in this situation about 8 years ago. You people are very kind and understanding.
Fast Track Debt Relief, Inc.
Tuesday, July 11, 20175eKomi
My experience has been both beneficial and it has relieved all of my stressors in regard to my dealings with my creditors. Everyone has been really helpful.
Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
I had been so over whelmed with being in debt and truly saw no way out. And with the help of *** and *** I am officially DEBT FREE. I cant begin to tell you how good this feels. And for some time...
Fast Track Debt Relief, Inc.
Saturday, June 10, 20175eKomi
What can I say!! Fast Track Debt Relief was a Blessing in Disguise and Life Saver for me and my family. With over $60,000+ in debt, we turned to Fast Track Debt Relief for assistance. They set up...
Fast Track Debt Relief, Inc.
Saturday, April 28, 20185eKomi
Great Service,everything was explained to my understanding.
Fast Track Debt Relief, Inc.
Monday, September 18, 20175eKomi
Andrea Scott has been more than just helpful. She has explained everything completely. She has answered all of my questions. Great service.
Fast Track Debt Relief, Inc.
Wednesday, January 17, 20185eKomi
This process so far makes me feel so much relief. The staff has been extremely kind and helpful.
Fast Track Debt Relief, Inc.
Thursday, September 14, 20175eKomi
I think Nelson Casas explained everything to me and made my decision very easy. Thank you ***
Fast Track Debt Relief, Inc.
Thursday, March 1, 20185eKomi
It was a wonderful experience dealing with *** @ Fast Track Debt Releif. Very helpful in every way. Thanks again
Fast Track Debt Relief, Inc.
Sunday, March 4, 20184eKomi
It was a pleasure to find that there is some one that still help the one that really need it. And take the time to listen and to exlpain thing so that you can understand.
Fast Track Debt Relief, Inc.
Wednesday, January 3, 20185eKomi
To date it has been quick, courteous and mind relieving. Thank you so much for working with me to resolve my debts.
Fast Track Debt Relief, Inc.
Friday, October 6, 20175eKomi
Every one that I had contact with were knowledgeable and experienced. Their willingness to make sure that I fully understood every part of what I needed to know to participate in the program.
Fast Track Debt Relief, Inc.
Friday, December 8, 20175eKomi
My experience with Fast Track thus far has been superb. I felt very comfortable going through the process.
Fast Track Debt Relief, Inc.
Sunday, June 25, 20175eKomi
Something unbelievable but true this program really helped me a lot so far
SEP 22, 2016, THURSDAY
Fast-Track-explains-debt-relief-programs What Does Student Loan Forgiveness Mean to Me?

The William D. Ford Direct Loan Program is more commonly known as Student Loan Forgiveness. It was a major piece of legislation pushed by the Obama Administration in 2010 as part of the Health Care and Education Reconciliation Act. Keep in mind that federal student loans are different from those given by private loan companies. This student loan relief initiative only applies to federal student loans.


Among other changes, the program allows borrowers to qualify for income-based payments. The basis for this is to be 10-percent of a borrower's discretionary income. Borrowers are also eligible for full student loan forgiveness five years sooner. Where the old law said forgiveness was possible only after 25 years, the new law reduced this to 20 years. There are also extended options for poor students and students of color.


Repayment Plans


Let's break down the different forms of repayment plans that are currently available under the Direct Loan program:


  1. Standard repayment relies upon a fixed repayment amount. That is, it is the same each month until the loan is fully paid off. The fixed repayment amount is based upon the full amount that was borrowed, split across the full term of the loan with interest rate factored in.


  1. Graduated repayment is used more rarely. This allows the borrower to make payments that are lower than standard but which increase every two years until the payments are eventually higher than standard. This assumes the borrower will be able to make a living that increases their spending and repayment ability every few years.


  1. Income-contingent repayment plans allow the borrower to make payments based on their income, as well as a variety of other factors: the size of their family, the amount of their loan, and, of course, the interest rate.


  1. Income-based repayment plans are slightly different. They use only the borrower's income and size of their family to calculate monthly repayments. Some terms of the loan – balance and interest rate – are not factored in.


  1. Pay-As-You-Earn repayment plans often offer the lowest monthly payment of the five plans. It is based on income and asks for 10-percent of your discretionary income, not 15-percent as used in income based plans.


Qualifications for all these plans vary. You may qualify for one, several, or all of them.


Forms of Student Loan Relief


Interest forgiveness may be applied in certain situations. There are instances where interest will not accrue over time, will not start accruing for several years, or where it may be stopped for a certain period of time. The various plans offer different terms and qualifications for interest forgiveness.


Student loan forgiveness is yet another form of student loan relief. Three of the plans mentioned above offer what's called student loan forgiveness. If you're enrolled in the Pay-As- You-Earn, Income-Based, or Income-Contingent repayment plans, at the end of the loan's term, the remaining balance may be forgiven. A term will be anywhere from 20 to 25 years depending on when the loan was made and which repayment program applies to it. The amount forgiven can vary. It is dependent on the original amount loaned, your current earnings, and how stable or unstable your earnings have been throughout the repayment period.


Loan Forgiveness for Public Service is a third form of student loan relief that aides those who serve in the public sector and are enrolled in the Pay-As-You-Earn, Income-Based, or Income- Contingent repayment plans. This reduces the student loan forgiveness period from 20-25 years to as few as 10 years.


Teacher Loan Forgiveness is a fourth form of student loan relief  which reduces the balance for those working as teachers. Again, the amount reduced may be dependent on factors such as the total balance, length of term, and how much the teacher earns, among others.


Finally, Total & Permanent Disability Loan Forgiveness allows those who suffer a disability a complete discharge from their federal student loans.


Other Options


Federal student loans allow borrowers a wide range of flexibility. They're built to adapt to changing life situations and often allow you  to re-enroll in different programs if life hits you too hard. Especially under the new laws, there is even greater ability to adapt student loans to your situation.


Student loans aren't the only debt that comes along in life, however. You might go into debt in other ways as a student – sometimes food, books, and rent are covered in the loans. Often, they aren't. Even beyond this, you may need a car and other resources to be able to continue being a student and make it to work, internships, and field or job placements that are critical components of your education. In these situations, people can easily rack up debt (e.g. credit cards) that is not covered by student loan forgiveness programs.


As a student or recent graduate, it can be difficult to get on your financial feet. Should you fall into debt in these other ways, don't despair - and don't give up. Practice steps that help you stay out of debt, such as making and sticking to a budget.


If, however, you find yourself in debt that extends to credit cards and other loans, a reliable debt relief program can help you out of a bad situation.

A debt relief p

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"Fast Track's Debt Relief financial specialists can give business owners the peace of mind that comes with knowing that the effort has been made to have business debt problems finally settled with Fast Track's help."
Rebecca G.
"The staff was great. They treated me with the upmost respect and answered all of my questions in a timely manner. Thank you!"
Janet A.
"Thank you so much. I never meant this to happen. I felt so bad inside; I always tried to pay my bills. Thank you for all of your help. I do not ever want more credit cards."
Ginger J.
"Thanks so much for your help!! I am so glad this is all over!!"
Melissa H.
"The people of Fast Track are very concerned with the client. They are life changing in our case. Thank you."
Joe L.
"Thanks to all your staff; for the many girls and boys I've alked to. They were always so helpful to answer all of my questions and concerns. I would highly recommend this company to help others in need. Thanks again!"
Tanis P.
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