Student Loan Repayment Planning
Do you need help repaying student loans?
We provide a customized repayment planning services to save money on your student loans.
Confused about which repayment plan is best for you?
WE HELP CREATING A PLAN UNIQUE TO YOU
We take time to understand you, your goals and future plans. You need a loan repayment strategy that works WITH you, not against your financial goals.
Already Making Payments?
Need a reset plan
Are you out of school and in repayment?
We can help you make sure you are in the best program for your financial situation. And when changes occur to income, family size, job, etc., we can help you re-set to save money.
In School?
Need a Plan For Repayment
Are you still in school and concerned about your repayment options after graduation? We can help you understand which program is best for your financial situation.
Key Planning Features
With more than 15 years of education financing experience, our professional consultants knows how to save money on your student loan repayment. We can help you a confusing and frustrating repayment process.
- Import the client’s current student loan data from the NSLDS
- Calculate, compare and illustrate multiple repayment options
- Calculate and display complete loan amortization schedules
- Provide contrasts of loan repayment to current income
- Forecast loan repayments in constrast to projected income
- Configure repayment based on client tax filing status
- Calculate student loan forgiveness amounts based on loan program type
- Calculate potential tax liability for forgiven debt
- Build repayment strategies based on multiple future income strategies
- Create repayment strategies based on planned family size changes
- Analyze the repayment options annually based on changes in income, family, other
- Illustrate multiple repayment strategies and comparing for ideal scenario
Student Loan Planning Sample
There are FAFSA, CSS PROFILE, INSTITUTIONAL FORM for student loan application documents.
View Sample
How It Works
If you do not know how to manage your student debt and make your monthly payments more affordable than current payments? Please follow below steps.
01Enroll a Service by Sign- in
Confirm the Sign-in and submit Data Collection Form
Agree on importing the client's student loans data from NSLDS
Receive Repayment planning report with recommendations
Schedule a consultation
Replan the repayment plan on the client's request
Enroll(maybe consolidating) the repayment option with Guidances
Income Based Repayments
If you are suffering from a financial hardship, you may be eligible for an Income Based Payment. In this repayment program, you would have a payment based on your income and family size. The payment could be as low as $0.00 per month, with forgiveness at the end of 20-25 years.
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If you are Not sure which income-driven repayment plan is right for you?
Please Sing-up Now.
Bay Spectrum experts will contact you through email or phone very soon to solve your student loan repayment