Graduate Alliance
Group
Expert guidance and assistance customized to fit your individual student loan needs!
Your Path to a better Financial future
Here to assist You Every Step of the Way!
Once you have been briefed and your goals are clear, we get to work. After assessing your status, we’ll help you choose the most beneficial program! We support you over the long-term. We monitor your case file year round and reach out on an annual basis for your renewal reminder and assist you with any other administrative support you may need.
Application support
Assist you with all application related questions.
Proof Of Income
Make sure you know how your proof of income impacts your monthly payment.
Programs
Help you determine which program you qualify for to maximize your savings.
Renewal
Reach out to you annually to remind you to submit your renewal documents.
WHAT IS AN INCOME BASED REPAYMENT PROGRAM?
Will I still be eligible for forgiveness?
Our support. Your story.
Income driven repayment plans: The borrower can repay the loan in small monthly payments. The amount of payment is determined by the borrower’s monthly income and their family size, and is capped to 5%-15% of their discretionary income depending on the program they qualify for. For borrowers who took out a Direct loan on or after July 1st, 2014 and who have no outstanding balance on FFEL or Direct Loan, they can pay back the loan in monthly payments capped at 10% of their discretionary income.
Monthly payments can be adjusted every year, and any remaining balance is forgiven after 25 years of qualified monthly payments.
These repayment plans Are For
borrowers who have a high debt-to-income ratio and who can’t pay back the loan using standard repayment plan. Also, if borrower’s gross income is less than what's considered the poverty line, in most cases your monthly payment will be $0.
borrowers who have a high debt-to-income ratio and who can’t pay back the loan using standard repayment plan. Also, if borrower’s gross income is less than what's considered the poverty line, in most cases your monthly payment will be $0.
