Our Simple & Easy Process
Contact us for initial Consultation
Review and choose from available savings options
Application submitted for consolidation forgiveness
Start Saving Money
What is Student Loan Consolidation?
The name “Obama Student Loan Forgiveness” has become the nickname for a program actually called the William D. Ford Direct Loan program. Many people only know about the program, and have heard of it through others as the Obama Student Loan Forgiveness program. The name came about when President Obama reformed part of the Direct Loan program in 2010 by signing the Health Care and Education Reconciliation Act of 2010. Its important to keep in mind all the programs are offered for federal student loans. Private loan borrowers are not able to benefit from any of the below information.
- Complete forgiveness of federal student loan debt after borrowers have made 240-300 Monthly payments on time
- Introduction of the Pay As You Earn Student Loan Repayment Plan
- Updates to the Public Service Loan Forgiveness Program (complete forgiveness after 120 monthly payments)
See If You Qualify!
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Stephanie P.Church Secretary
“I am very satisfied with the customer service I received from Centerpointe Lending…but I am more excited about the deal they were able to get me for my loans! After several years of paying a student loan payment I could barely afford each month Centerpoint was able to help me consolidate my loans, and start my forgiveness early! Just a few short months of payments and after than I am monthly payment free! So relieved and so grateful!”