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Scary Truth About Student Loans United Aid Group

STUDENT LOANS, the two scariest words affecting the daily lives of 45 million Americans. Over the past decade, college tuition prices have steadily increased & so has student loan debt. Whatu2019s even scarier, are the stats. Weu2019ve put together a list of the most haunting facts, but BEWARE even we canu2019t sleep from the nightmares.

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Scary Truth About Student Loans United Aid Group

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  1. Scary truth about student loans United Aid Group

  2. STUDENT LOANS, the two scariest words affecting the daily lives of 45 million Americans. Over the past decade, college tuition prices have steadily increased & so has student loan debt. What’s even scarier, are the stats. We’ve put together a list of the most haunting facts, but BEWARE even we can’t sleep from the nightmares.

  3. WARNING: Triggers ahead. Average student loan debt total per person: $31,172 Average monthly student loan payment for graduates: $393 Total student loan debt in the U.S.: $1.52 trillion Time to pay off student debt: 10 to 30 years There are currently 44.7 million student loan borrowers in the U.S. &, among graduates, 71% of students with loans leave college with debt to pay. Currently, student loans have a higher delinquency rate than credit cards, auto loans & mortgages. In 1971, the average cost for tuition, fees & room and board for a four-year public university was $8,730 *grabs chest, the horror! The biggest fact we all know to be true is student loan debt SUCKS. The United Aid Group has the solution to your student loan nightmares. As scary as student loan debt can be, know that you have rights & options. • • • • • • • • •

  4. About Us United Aid Group is a business that practices consulting and document preparation to Americans nation wide. Millions of Americans are burdened with overwhelming Student loan debt and frustrated with interest rates resulting in little to no movement on the balances. Many experience wage and tax garnishments for life because they ignore the problem. Most students don’t realize they have many options for the federally subsidized debt that they hold. We go above and beyond for our clients and it shows in our results. Our highly trained consultants are experts in the student loan industry and have helped thousands achieve the dream of becoming debt free. • •

  5. DO I NEED TO WORK IN PUBLIC SERVICE? This is a common misconception about these programs. Though working in public service considerably shortens your term, working in the private sector does not disqualify you by any means at all. Please beware of your current lender falsely telling you that only Teachers, Military, or Non-profit Employees are the only individuals eligible for relief under Then William D. Ford Act. •

  6. HOW DO THE PROGRAMS WORK? Results do vary, however these are the most common: You receive a lowered monthly payment from what you are currently paying. • •

  7. You receive a term, and at the end of your term all principal and interest is forgiven. For Example if your loan is 45,000 and your lowered monthly payment is 35.00 with a term of 240 consecutive payments; by the time you’ve reached the end of your term you’ve paid 8,400 on your loan and the remaining balance is forgiven. Once enrolled all you will be doing is reporting your income once a year to the Federal Lender to maintain your lowered monthly payment. Thankfully the system for this is now fully automated with direct links to the IRS so it normally takes you only about five minutes do. If your income increase your lower payment can slightly adjust as well. For example if you go from earning 30,000 to 35,000 annually your payments could increase by 10.00 to 25.00 dollars more per month. However your term will never increase. • • •

  8. Reference Links • https://uagroup.org/ • https://www.facebook.com/UnitedAidGroup/ • https://uagroup.org/student-loan-forgiveness- refunds/ • https://www.zoominfo.com/c/united-aid- group/467380908

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