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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.
Monday, October 22, 20185eKomi
Our experience has been wonderful with ***, he is great so glad we contacted him
Fast Track Debt Relief, Inc.
Friday, September 28, 20185eKomi
Felt so relieved after the first conversation with ***. Cant wait to be sent free soon!
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
I was very tentative about reaching out for help with my financial situation. *** from Fast track was VERY understanding and continued to communicate with me every step of the way. She was very rea...
Fast Track Debt Relief, Inc.
Friday, September 21, 20185eKomi
Professional and extremely helpful. Recommend to anyone who is in financial distress.
Fast Track Debt Relief, Inc.
Wednesday, August 8, 20185eKomi
I received an offer in the mail regarding the program. At first, I was a little reluctant but my monthly bill payments were becoming difficult to maintain. After doing some research about the progr...
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
The experience was exceptional. The people were very good in the explanation of your services. They even provided information in an email that I printed that explained the process.
Fast Track Debt Relief, Inc.
Monday, July 30, 20185eKomi
My experience with *** was very good actually excellent they're very quick about everything if I had any problems they took care of it right then and there I can call them up and have anything take...
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, 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, July 20, 20185eKomi
My experience thus has been excellent. *** made me feel comfortable and confident throughout the entire process.
Fast Track Debt Relief, Inc.
Friday, October 5, 20185eKomi
Awesome experience with this office just wonderful .when I was at my lowest point .They took care of me.
Fast Track Debt Relief, Inc.
Wednesday, October 24, 20185eKomi
*** ultimately became my financial advisor and did an excellent job with a stressful situation. He pushed it thru quickly and efficiently.
Fast Track Debt Relief, Inc.
Thursday, August 30, 20185eKomi
EXTREMELY friendly, courteous and helpful. *** was very courteous and helpful. I was skeptical at first, but he let me know everything would work out fine.
Fast Track Debt Relief, Inc.
Wednesday, October 10, 20185eKomi
So far I can't say enough about this company especially *** she was awesome
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, September 11, 20185eKomi
Very impress with the pace in which my case was handled. Everyone made sure I understood what was happening and what was going to happen.
Fast Track Debt Relief, Inc.
Saturday, August 18, 20185eKomi
Well the people I'm working with is very professional in the business that's helping me.*** and *** explained very clearly about how this program goes. I'm just starting so once I get into things a...
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.
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.
Wednesday, September 26, 20184eKomi
It has been a very positive experience so far. The people I have spoken and met with have been very friendly. I did not feel pressured in any way and they were very patient and forthcoming concerni...
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.
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.
Friday, August 3, 20185eKomi
*** was super helpful, kind, and easy to talk
Fast Track Debt Relief, Inc.
Thursday, August 2, 20185eKomi
*** has been awesome from the first minute I spoke with her. She is very professional but compassionate about my situation. It was always a pleasure speaking with her.
Fast Track Debt Relief, Inc.
Saturday, August 4, 20185eKomi
Everyone I've been contact with has been very helpful.
Fast Track Debt Relief, Inc.
Tuesday, August 28, 20185eKomi
*** was great. Knew what she was doing. Very persistant but it worked. First, i said no then an hour later, it was yes.
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
So far she has been great ,looking forward to seeing my credit score. *** was very persistent. very convincing. So she won be over.
Fast Track Debt Relief, Inc.
Saturday, April 28, 20185eKomi
Great Service,everything was explained to my understanding.
Fast Track Debt Relief, Inc.
Thursday, November 15, 20185eKomi
*** was very good for us. She walked us through everything and was very competent. We were in very good hands & we appreciate her dedication, sincerity & all the time she spent helping us & explain...
Fast Track Debt Relief, Inc.
Monday, July 23, 20185eKomi
Excellent services and knowledgeable employees!
Fast Track Debt Relief, Inc.
Thursday, August 30, 20185eKomi
My experience thus has been good it has allowed me to use a new avenue in repairing my credit along with helping my daughters get back on track very professional staff every document was explained ...
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.
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.
Friday, August 31, 20185eKomi
I found that this is probably one of the best experiences I've had dealing with a debt/finance company.
Fast Track Debt Relief, Inc.
Saturday, July 14, 20185eKomi
The beginning proceedings over the phone were very easy. *** talked me through everything. But, he was a little condescending towards me for having to go through this process. But, he was nice afte...
Fast Track Debt Relief, Inc.
Friday, October 12, 20185eKomi
*** was very patient and not pushy during the process. I finally feel like a load of stress has been lifted off of me.
FAST TRACK DEBT RELIEF ADVICE BLOG
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.


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