Our services are indispensable and help you a great deal with monthly student loan repayment.

1. Know the Best Student Loan
Repayment Options with Alum
Financial
Source:https://alumfinancial.blogspot.com/2019/08/know-best-student-loan-repayment.html

2. Alum Financial is a
phenomenal company that is
aimed at educating the
individuals about all the
repayment options that loan
servicers do not inform
them of. Our services are
indispensable and help you
a great deal with monthly
student loan repayment.

3. Following is the list of services we offer-
Financial Analysis
Alum Financial analyzes and evaluates your current
financial situation and lets you choose the best
repayment program. We help you reduce monthly
payment obligations so that you can focus on your
financial goals.

4. Document Preparation
Our team helps you relieve from the stress of managing
loan paperwork. We take care of all the document
preparation for you.
Yearly Recertification
We intimate you when it’s time to recertify your
information to your loan servicer.

5. Repayment programs
Since our foremost goal is client satisfaction, we
educate you about several repayment programs as
mentioned below.
Standard Repayment
Under this program, you will have to pay the same
monthly amount for 10 years. Also, the amount of
interest to be paid is lower. Generally, this is the best
deal.

6. Extended Repayment
As the name suggests, it offers you more time to pay
back your loan amount. However, over time, you will
have to pay more than the standard repayment. It is
because a longer period builds up more interest. It is to
be noted that this option is available only for the
borrowers who owe more than $30,000.
Graduated Repayment
This allows you to pay low payments each month for 2-
4 years. However, it has one major drawback that the
interest continues to grow on the larger unpaid amount.
You may end up paying more than standard repayment.

7. Income-Based Repayment (IBR)
If you qualify for partial financial hardship (based on
your income and family size), your payments are
reduced to 15% of your gross income. After 300
eligible IBR payments in 25 years, the outstanding loan
amount may be forgiven. The amount is taxable
though!
Pay as You Earn
This is similar to IBR. The difference is that the
repayment requirements are10% of gross income and
the unpaid loans are forgiven after 20 years. But note
that it is more difficult to qualify.

8. Income-Sensitive Repayment (ISR)
This program lets you decide the part of your income
that you can use for monthly loan payments for up to 5
years. This is available for FFELP Stafford and Grad
PLUS loans. The outstanding loan forgiving conditions
are the same as IBR.
Income-Contingent Repayment (ICR)
After analyzing your family size, family income, and
amount of Direct Loan debt, this program determines
your loan payment amount.

9. At Alum Financial, we understand the necessity of
taking student loans. However, you need to understand
that it is equally important to consider the repayment
options. We help you relieve from the stress of
repayments.
If you think you are trapped in the vicious cycle of loan
repayments and do not have slightest idea what to do,
get in touch with us.
For more details, you can browse our official website.
As noted by most of our clients, we are the best
company that helps you with student loan repayments.

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watching