Many employers are unaware that having a Private Student Loan Refinance or Private Consolidation company pay off your employees’ Federal student loans will make them unable to receive FREE MONEY they are currently entitled to. Even though your employee is eligible to have all or part of their Federal Student Loans forgiven, if they went through a Private Student Loan Refinance or Private Consolidation Company they forfeit their right and can no longer obtain Forgiveness.
Our typical client receives a 70% Forgiveness of their debt and pays $400 less per month after enrolling with My Education Solutions*. Unfortunately, if they have signed up with a Private Student Loan Refinance or Consolidation FIRST they will receive $0 in Forgiveness and have to pay the entire debt over a 30 year period.
There is no way to reverse the damage caused by the Private Student Loan Refinance or Consolidation Companies. A lot of people are very upset that they were not told all the facts prior to refinancing or consolidating.
Know the facts to ensure you are truly doing what is in your employees’ best interest. Click here to sign up to add Student Loan Forgiveness to your Employee Assistance Program!