INCOME-DRIVEN REPAYMENT (IDR) COUNSELING
Manageable payments on a steady path to forgiveness.
As a private sector employee, you could qualify for forgiveness through Income-Driven Repayment. Get expert guidance towards forgiveness with our IDR Counseling membership. Schedule a free 30-minute consultation to compare programs and create a personalized plan.
Student Loan forgiveness Consultation
Find peace of mind with a student loan consultation.
Our expert team can help you navigate your path to student loan forgiveness with ease. If you have at least one federal student loan, you can schedule a free 30-minute consultation with one of our student loan specialists to explore your repayment options and develop a personalized plan. Our experts help borrowers qualify for an average of over $118k in federal student loan forgiveness.1
By submitting this form you agree to our User Agreement and Online Privacy Statement. As part of your request to schedule a consultation, you are agreeing to receive emails from GradFin related to your Student Loan consultation. Emails include but are not limited to Consultation Scheduling, Membership Counseling Information Request, Appointment Reminders, and Membership Signup.
We help you stay on track for IDR forgiveness
Our annual membership helps you easily apply for IDR, optimize your plan savings, and get expert help with ongoing program requirements. Membership starts at $349 per year when you open a Laurel Road Freedom Plus CheckingSM account with qualifying activities.2
Analysis & Enrollment
We do a deep analysis of your finances and IDR program eligibility, and provide end-to-end application guidance.
Qualifying Payment Audit & Appeal
We audit your payment history to confirm your eligible payments count, and help manage any disputes or appeals with ED.
Ongoing Program Alignment
We provide guidance for a monthly and annual savings strategy and help you prepare for potential forgiveness tax liability.
For borrowers with federal student loans, or a combination of federal and private loans, our student loan experts can help you weigh your options. During your consultation, a specialist will break down your student loan profile, provide a chart on what your new loan payoff could look like, answer questions about what terms are the best for your unique situation, and answer any application questions you may have.
If refinancing is determined to be your best option, they can help you understand what information impacts the interest rate that you might expect to be offered on your loan refinancing. Items such as your FICO score, income level, student loan balance, and current interest rate structure can impact your offer, and your specialist can walk you through how to qualify for the lowest rates on your loans.
Income-Driven Repayment (IDR) was introduced to provide federal student loan borrowers with options other than forbearance to help make monthly payments more manageable. Different IDR options include Income-Based Repayment (IBR), Income-Contingent Repayment (ICR), and Pay As You Earn (PAYE). All IDR plans adjust federal borrower’s payments based on their adjusted gross income and family size – not how much they owe. Those pursuing Public Service Loan Forgiveness (PSLF) are typically enrolled in an IDR plan.
In 2024, the Department of Education (ED) conducted a one-time account adjustment to borrower accounts that will count time toward IDR and PSLF forgiveness, including:
- any months in a repayment status, regardless of the payments made, loan type, or repayment plan;
- 12 or more months of consecutive forbearance or 36 or more months of cumulative forbearance;
- months spent in economic hardship or military deferments after 2013;
- months spent in any deferment (with the exception of in-school deferment) prior to 2013; and
- any time in repayment on earlier loans prior to consolidation of those loans into a consolidation loan.
The past few years have seen many changes in the federal student loan landscape, from the COVID-era payment pause to numerous changes with the application and processing of federal repayment programs. Though the Department of Education has taken steps to make the process easier, borrowers still face many challenges managing and repaying their student loans. To help you find peace of mind, our annual membership offers expert guidance from a dedicated team who specialize in federal forgiveness programs like Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR).
After completing a free student loan consultation, our team will be able to recommend either a PSLF or IDR Counseling membership based on your individual circumstances. With an annual membership, our team can help you navigate the complexities of federal program updates, track your eligible payments, review your repayment plan options, and help you stay on track towards student loan forgiveness year after year. Our team can also help you make appeals with the Department of Education, if there are any discrepancies, and you’ll have year-round access to our team by phone, email, or video call. The cost of the annual membership is $549, but you can receive a $200 discount* when you combine your membership with a Laurel Road Freedom Plus Checking℠ account and complete qualifying checking activities. The new Freedom Plus Checking account can help you easily track your student loan forgiveness payments and progress – with all the benefits of our digital checking account, learn more here.
