With our new tools, borrowers can easily compare and analyze repayment options, as well as apply and take action on the recommendations, directly from their Student Loan Hero accounts.
New York, NY (PRWEB) May 18, 2016
Student Loan Hero, a financial education company dedicated to helping student loan borrowers become debt-free, has launched several new tools to provide users with custom student loan repayment recommendations. Among these new features is federal consolidation assistance, which completes and submits the application for federal student loan consolidation and income-driven repayment on behalf of Student Loan Hero users. Unlike other tools in the market, Student Loan Hero’s latest offering is completely free, while similar services charge upwards of $700.
Additionally, Student Loan Hero has launched a brand new loan management dashboard; using a series of simple questions, each user is provided customized recommendations on the best repayment strategies based on their unique financial situations and debt repayment goals. Each repayment strategy also includes action items to help users take the next steps and implement their plans.
“Student loans are so complex, it’s nearly impossible to figure out the best plan of attack,” said Andrew Josuweit, CEO of Student Loan Hero. “With our new tools, borrowers can easily compare and analyze repayment options, as well as apply and take action on the recommendations, directly from their Student Loan Hero accounts.“
Since 2012, the company has assisted more than 60,000 borrowers in better tracking and managing over $1 billion in student loans. To reach and provide more tailored advice to the 43 million student loan borrowers who exist today, Student Loan Hero has also made several major improvements to its website.
Additional Key Features:
Consolidation Tool. Provides federal consolidation form-filing assistance by importing borrower student loan data to populate the consolidation application and electronically submit on behalf of users.
Repayment Plan. Comprehensive, customized repayment plans detailing the best strategies to pay off student loans based on each user’s financial situation and student loan profile. Also helps users find and check eligibility for income-driven plans, forgiveness, and other repayment options.
Calculators. Helps users make smart, math-based decisions related to the impact of extra student loan payments, the potential payments on income-based repayment, the total lifetime savings of refinancing to a lower interest rate, and more.
About Student Loan Hero
Student Loan Hero combines easy-to-use tools with financial education to help the millions of Americans living with student loan debt manage and pay off their loans. Student Loan Hero has helped more than 60,000 borrowers manage and eliminate over $1 billion in student loan debt since 2012 and assists over one million people in becoming more financially healthy every year.
Student Loan Hero offers both current and former students free loan calculators, as well as unbiased, personalized advice and repayment plans through an easy-to-use online dashboard.
Founded in 2012 by CEO Andrew Josuweit, who himself had over $100,000 in student loans, Student Loan Hero operates on the belief that all loan help and recommendations should come with honesty and no hidden agenda.
Student Loan Hero has offices in New York, Austin and Portland. For more information, visit http://www.studentloanhero.com.