Find out what plans you qualify for in less than 10 minutes!
What are the benefits of consolidating my loan?
Consolidating student loans will put all your existing loans into the Federal Loan Forgiveness Program with the Department of Education. You will only have to worry about one payment instead of multiple payments. This makes it easier to manage your debt.
Will my payment be reduced?
In many cases yes, we can work with you and the Department of Education to reduce your payment amounts. There are multiple plans to repay your student loan, one of which is the Income Contingent Repayment Plan. This allows your payment to be based on your annual income, which often times will allow you to qualify for a very small payment and in some cases even a payment amount of zero.
Can I consolidate if I am currently enrolled in school?
Yes, but with certain conditions. Borrowers cannot consolidate loans that are an in-school status, but borrowers can still consolidate loans that are in grace, repayment or deferment.
I am already consolidated, can I consolidate again?
Yes, as long as you are including at least one other FFEL or Direct Loan into the new consolidation.
Mentor specializes in federal student loan document preparation and processing services to help each borrower identify and gain approval for one or multiple different government debt relief programs. Once your financial analysis is complete our agents will help you find a repayment solution that works best for you and fits your specific financial situation and goals
We are not a government agency, the Department of Education, or your loan servicer.
Mentor is a private company, not affiliated with the government or the Department of Education. We work strictly on behalf of the borrower, for the borrower, with only the borrower’s best interest in mind. As a Client of Mentor, you will always know that you have the finest team of advocates working hard for you every step of the way.
We do not make loan payments on your behalf and loans remain in your name.
We assist in identifying appropriate government loan repayment programs and assist in document preparation to apply for the programs. Any fees that you pay to Mentor are for its services and you are responsible for repaying your loan separately.
Do it yourself without a fee – all programs are freely available for enrollment through the Department of Education.
You could do your own taxes for free, but wouldn’t you rather trust an experienced tax professional to ensure you are receiving the maximum benefits available for your unique situation? Would you feel comfortable having the IRS complete your tax return for you instead of a trusted adviser? With a record number of student loan borrowers falling victim to default each day, we at Mentor know first hand how difficult navigating these programs can be. For some, navigating through multiple loan servicers, loan structures and statuses and confusing small print and different payment due dates every month can be overwhelming. There is no one-size-fits-all solution. We attempt to take the stress out of finding programs that meet the financial needs of our clients.
At Mentor, our employees have helped thousands of consumers find a student loan repayment plan that is more in line with their current financial situation. You can count on us to evaluate and assist you in developing a fiscal plan that better suits your desired lifestyle.