Mystudentdata No Download Needed: Fill & Download for Free

Tackling over $150,000 in student loan debt can be easily tackled if your income is only $50,000 per year. Especially; if you support more than just yourself inside of your household. (if you pay for more than 50% of the expenses incurred by anyone living with you (kids, unborn children — YES UNBORN CHILDREN COUNT!, your mother or father, and basically anyone excluding your spouse)***Your spouse does count. However; there is a separate question that you must answer inside of StudentLoans.gov which asks; do you file married joint, married separate, married head of household, single, etc…Examples:If you file “joint married”, your income can be looked at as one shared income. So if your wife has no income, it will benefit you to show you are married and file joint (illustrating a lower income), equating to a lower consolidated payment.On the flip side. If you show you are “married filing separate” and your wife makes tons of money, well this will benefit for you as well because you get to exclude her income, equating into a lower consolidated student loan payment.And your income will be verified. To speak with a counselor and learn more about this subject and the factors involved, free student loan relief counseling is provided here.Federal student loan consolidation programs include hardship plans. Where in your case your payment can most likely be below $50 per month. To get a quote on what your payment would be, go here and fill-in your information. Repayment EstimatorThere are several student loan relief programs available.You have the public service plan where your balance could be forgiven in as fast as 10 years, so if you work in public service this is your best bet. However; only if you can get on a low payment. So you may want to consolidate your student loans and then use the “pay as you earn”repayment plan where your payment may be zero dollars per month, yes thats right, zero dollars per month.From there, ride this payment out for the next 10 years and you end up paying nothing! Then your balance can be forgiven. However; this is not automatic.Firstly you need to get your loans consolidated.Secondly you need to get approved for the zero dollar repayment plan.Thirdly you need to remember to sign up for the Public Service loan forgiveness.If you don’t work in public service you can still get approved for the zero dollar payment, it will just take longer to be eligible for loan forgiveness.Now before proceeding, slow down, and make sure to review exactly what federal student loans you do indeed have. Make sure that none of them are private student loans to ensure you don’t leave any behind.Similar to pulling a credit report, you can pull your federal student loans at NSLDS.ed.gov, locate the "MyStudentData Download" Icon (pictured below inside red outline).Once you figure out whether or not all of your loans are indeed federal, you can then proceed to the next step.Go to StudentLoans.govLogin with your FSA Id.Once you login, its about a 30 minute process. Follow the instructions, enter your information accordingly and consolidate your loans. It’s that easy! Good luck.