My Education Solutions Answers Frequently Asked Questions (FAQs)
Are you feeling the overwhelm of your student loan debt? You’re not alone. Navigating the labyrinth of the repayment process can be complex, leaving even the most ambitious feeling buried. Whether you’re a prospective student exploring financing options or a graduate grappling with repayments, My Education Solutions answered some of their Clients most frequently asked questions (FAQs) surrounding student loans. The answers could provide hope for your situation. So, take a breath, and read on.
Can I Manage My Student Loans Myself?
You can certainly try. But as you probably have already discovered, working with student loan servicers can be complicated and extremely frustrating. You will have to constantly monitor your loans to avoid errors and mistakes by your servicers, which frequently happen. You also have to know what paperwork is required and it has to be filed on time.
An experienced MES Advisor will take care of your student loans for you, freeing up your time and energy. MES acts as your watchdog, ensuring the servicer gives you full credit for your payments. Our auditors fix any discrepancies with the servicer and make sure they are within compliance guidelines. MES also handles all paperwork filing and renewals so your enrollment is taken care of.
Can I Enroll In The Forgiveness Program If I Am Currently In Default?
Yes, you absolutely can. Even if you’ve been contacted about wage garnishment, it’s not too late. MES has options for you but you have to act quickly. MES can easily find out if you still qualify to enroll in the Student Loan Forgiveness Program so it’s important to speak with an Advisor ASAP!
How Do I Apply For Student Loan Forgiveness?
The application process for Student Loan Forgiveness varies depending on the program. However, an MES Advisor will find the best program for your situation and apply to the Department of Education on your behalf. As you’ve probably noticed, the Student Loan Forgiveness landscape is fluid and ever-changing. New policies and regulations pop up almost daily. MES constantly monitors these changes so we are armed with the latest knowledge when making our recommendations to you.
I am considering refinancing. Am I still eligible for Student Loan Forgiveness?
Refinancing is considered a private loan. Your student loan debt will be paid off to the government by the private lender. Therefore, you won’t be eligible for government forgiveness in the future. If you are considering refinancing with a private lender, give MES a call first to understand your options. To become a MES Client you must have Federal Student Loan Debt. Speak to a MES Advisor to see how we can help you.
What Is The Difference Between MES And All Other Companies That Claim They Can Help?
MES is a Student Loan Management Firm that will handle every aspect of your loan. Scam companies will make promises but you will end up doing all the work yourself. Also, My Education Solutions is not a refinancing company. As soon as you refinance with a private lender, you are no longer eligible for forgiveness. Take a look at the chart below to understand the differences.
Managing student loan debt can be confusing and frustrating. That’s why it’s important to stay informed on all the latest news, policies, rules, and regulations. Whether you are speaking with your student loan servicer, a private bank or financial company, or a Student Loan Management Firm, don’t hesitate to ask questions.
My Education Solutions has helped Clients lower their monthly payments and receive total forgiveness since 2015. Curious? Call 210-405-2610 to speak with an experienced MES Advisor today. The first step in taking control of your student loan debt starts now.