Frequently Asked Questions
What is LoanFix?
LoanFix is a service that helps borrowers review their student loan repayment options and find assistance based on their specific circumstances. We are not affiliated with the government or loan servicers.
Do I need to pay upfront?
No, LoanFix does not require any upfront fees for our services. We aim to connect you with options that may be available at no cost through government programs or independent service providers.
Can student loans really be forgiven?
Yes, certain federal student loans may qualify for forgiveness under specific programs, but it is essential to review eligibility criteria and options available to you.
What if I am in default?
If you are in default, there are options available such as rehabilitation, consolidation, or repayment plans that can help you get back on track. It’s crucial to explore these options as soon as possible.
What happened to the SAVE Plan?
The SAVE Plan was recently ended by court order, and borrowers are encouraged to explore other repayment options. The Department of Education will provide at least 90 days for borrowers to transition to new plans, including the upcoming Repayment Assistance Plan.