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The Diploma Debt Process

Who is Diploma Debt For?

The majority of people exiting school and those who have been out of school for even an extended period of time with a high amount of federal student debt can benefit greatly from programs offered by DoE. Specifically, cases where the client has a high amount of debt and a low income these programs offer relief. Also, for clients that work in public service (working for local, city, county, state, federal government, the school system, in the medical field, senior care, law enforcement, emergency management or any registered 501(c)3 entity) there are programs with enhanced benefits that provide relief and potential loan forgiveness. These are tremendous programs that people know little about that can be incredibly beneficial.

The Process

When your client calls Diploma Debt, a member of our staff will get an idea of their current situation and future goals in regards to their federal student loans. We will access the federal student loan database to relay to them the exact size and condition of the loans and make them aware of all the options that are availed to them. This process takes about 20 minutes. At that point, if they choose to enroll, it takes about 6 to 8 weeks to complete getting them into the proper program. During this time, the client is not required to pay their monthly student loan payment. There is a considerable back and forth between the client and our processing department which is facilitating the enrollment with DoE on their behalf. After the process is complete, the client with have one new loan from the Department of Education and only one payment from one new service provider. This is an added benefit for those making several payments to different service providers. If the client has chosen to go on an income-based or income contingent plan, they will be required to verify their income on an annual basis. They can do this directly with the DoE or they can go through us. We offer this service free of charge to our active clients.

Who Is Diploma Debt?

Diploma Debt LLC provides federal student loan document preparation assistance, consulting and tracking services that help consumers find programs that fit their needs. We make a complex, bureaucratic process understandable and much more manageable for our clients. The Department of Education (DoE) has various programs available to help borrowers reduce the number of outstanding loans, make their monthly payments more affordable and potentially provide forgiveness at the end of the program term. Our highly trained staff provides clients with guidance on which potential program would best suit their needs. Via a partnership with the industry’s leading processing company, we provide the highest level of service and efficiency in order to make sure no stone is left unturned while the process runs its course and that each individual program is utilized to its maximum capacity.

Our Business Model

Diploma Debt is a private company. We work through the Department of Education in order to help clients get into programs that provide them relief. That being said, we would not exist to provide that help if we didn’t charge a fee. Fees vary on a case by case basis depending on the size and condition of the loan. The one-time only fee can range from $595 to $1295. As you can see, we provide an affordable service that pays for itself many times over. We operate at a low margin to make the barrier to entry for these programs low in order to help more people. We are interested in building a business that genuinely helps people and is based on ethics and strong long lasting relationships.

Why Get Involved

You are your client’s trusted advisor. Referring Diploma Debt to those who can benefit from our service can only strengthen your relationship. You know who we are and where we are. There is security for both you and your client knowing that you can stay involved in the process and help provide added guidance. There is comfort in the fact that you know us and we will look out for your best interests and your client’s. Finally, we can offer a modest financial reward for your referral.

Success Stories

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Jane Paul

CEO, DIVI

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Steve Waller

CEO, Nugget

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Jordan Wayne

CEO, LStudio

Our Office

4-19 Banta Place
Fairlawn, NJ 07410

Contact Us

855.760.9193
[email protected] 

Office Hours

Mon-Fri: 9am – 5pm
Sat-Sun: Closed

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