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Elite Financial Consulting legit

Started by mytuda1, January 26, 2022, 01:28:24 pm

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mytuda1

They reached out to us under the loan forgiveness discussion and offered to reset our payments from $343 to $26 for 240 months.  This is based upon an initial balance of $21.3k which results in a $33.3k pay off if we continued on our current path.  At the end of the term, our total loan repayment would be around $7235 with a total forgiveness of $26k. This makes no sense to me...

TheCollegeInvestor

Sounds like they are wanting to swich you to an income-driven repayment plan. All income-driven repayment plans provide loan forgiveness after 20 or 25 years (20 years is 240 months).

See this guide to assess third-party companies: Is My Student Loan Assistance Company A Scam?