Advisory Firm Can Help You Determine Biden Student Loan Forgiveness Eligibility

by PRC Agency PR

The US government’s sweeping student debt cancellation plan is a boon to anyone who is already struggling with the effects of soaring inflation. The problem is that not everybody who has an outstanding loan qualifies for forgiveness.

To help borrowers like yourself, College Planning Experts is now offering an advisory service that seeks to clarify the rules surrounding the program. It is offered to anyone with an existing federal loan, including high-net-worth individuals who may believe that they are not qualified.

Find out more at https://www.collegeplanningexperts.com

The company’s advisory service will help you understand the relief plan’s eligibility requirements, particularly the rules on income, which could use a bit more elucidation.

The White House, in an official statement released in August 2022, said that the forgiveness plan’s main beneficiaries are borrowers with an income lower than $125,000. It added that no “high-income” individual or household will benefit from the plan.

College Planning Experts said that those who make far higher or lower than the required income threshold will have no trouble determining their eligibility. “But there could be an issue with those whose earnings come close to that threshold,” a company spokesperson said.

So what makes College Planning Experts an authority on loan forgiveness?

Well, the company has nearly two decades of experience in advising students and families in matters pertaining to contributions and taxes. One of its expertise is financial aid form preparation, where it shows applicants how to complete long and complex forms error-free to increase the chances of approval.

Part of its service is advising clients on how to report their assets and income without overestimating them. With its assistance, over 25,000 families have received financial aid, including those who are at first reluctant to apply owing to their net worth.

“We are confident that our team of financial planners will be able to answer all your questions regarding eligibility, so you can make the best decision,” the company’s spokesperson said.

College Planning Experts was founded by renowned admissions specialist and philanthropist Brian Safdari. His own experience in taking on debt had led him to study debt consolidation, which allowed him to help families find college funding sources that do not involve massive loans.

To help families understand the options available to them, Brian offers free workshops and one-on-one assessments.

So whether you’re looking for financial aid assistance or advice on loan forgiveness, you can rely on Brian and his team of counselors for expert advice.

Get in touch today at https://www.collegeplanningexperts.com