IMPORTANT DISCLOSURES TO READ SO YOU KNOW YOUR RIGHTS:
- SLR does not provide Legal or tax advice. Please contact an attorney if you need advice regarding the submittal of Student Loan Consolidation Paperwork through the Department of Education.
- If the Client complies with its obligations to return SLR emails and phone calls and did provide all their timely accurate information such as employer verification and status, adjusted gross income, tax filing status, and number of dependents claimed on their taxes, and SLR did not submit the Clients consolidation submission through the Department of Education – SLR will give the Client 100% of their money back. The Consolidation fee has been earned by SLR once SLR has submitted the direct consolidation loan paperwork to the U.S. Department of Education or a U.S. Department of Education Servicer on behalf of a Client. For the purpose of requesting a refund, contact SLR via email and simply put your name in the subject line of the email. Please use email@example.com.
- SLR is a document management and document processing organization that manages, prepares and processes documents that enable Clients to acquire a Direct Consolidation Loan provided from the U.S. Department of Education or a U.S. Department of Education Servicer, and SLR monitors federal programs for any updates or changes that Client may qualify for and benefit from.
- SLR is not a bank or lender and does not underwrite, create and make loans, negotiate with lenders, pay off debts, negotiate debts, alter debts, decrease interest rates and principal balances, provide forgiveness in any manner for any types of loans, including Client’s federal student loans.
- SLR does not and cannot guarantee any type of credit score increase by helping you consolidate your federal student loans through the US Department of Education or on your lenders behalf. If you have concerns or question about your credit and how it may be impacted when you consolidate your federal student loans, please seek advice from an attorney.
- SLR is a private “for profit” organization and is not endorsed by, associated or affiliated with the U.S. Department of Education or a U.S. Department of Education Servicer, nor is Student Loan Resolve endorsed by, associated or affiliated with any federal, state, or local government agency.
- SLR does not create, have, and claim to have any proprietary systems, processes, secrets, special expertise, theories, and competitive advantages that provides Clients any advantage by enrolling and paying SLR for the facilitation of their direct consolidation loan as opposed to going direct to the U.S. Department of Education or a U.S. Department of Education Servicer to process their own direct consolidation loan paperwork in a similar fashion on their own behalf for free. Clients can go directly to the U.S. Department of Education or a U.S. Department of Education Servicer on their own for no fees and acquire their own direct consolidation loan if they desire to spend the time to research the options, prepare the various documents, submit the proper documents and stay in compliance. For a complete description please visit http://www.ed.gov/.
- SLR employs service staff with names such as Client Services, Customer Service, Account Executives, and Account Managers etc. The SLR staff and representatives have knowledge regarding the client’s enrolled services and although we are not licensed in any manner or with any Jurisdiction, we do provide general information regarding Federal programs offered through the U.S. Department of Education or a U.S. Department of Education Servicer. Examples of these programs are direct consolidation loans programs, rehabilitation programs, forbearance programs, deferment programs, loan discharge programs, public service loan forgiveness programs and teacher loan forgiveness programs. Many of these programs are available to our Clients, however certain Clients will not qualify for these programs or benefit from them.
- There are occasions when an SLR staff member gathered information over the phone and attempted to help a client apply for a certain Government backed program based on the information collected, yet that Client did not get approved for that program or was approved for a program that was more expensive or less desirable to the Client. In these cases, we are more than happy to issue a full refund to our Clients.
- Potential Disadvantages of Consolidating Clients federal Student Loans.
Paying more in total interest,
Having a larger total loan repayment amount,
Extending your loan period – meaning Client will be paying longer,
Losing borrower benefits from Clients current lender (i.e. interest rate discounts, rebates),
Having to repay borrower benefits (i.e. rebates, fee waivers)
Acquiring possible prepayment penalties and loss of grace period (if Client consolidates loans during their initial grace period)