How It Works

How it works

The simplest way to understand Student Loan Tutor is to compare it to something you’re already familiar with.

Student Loan Tutor functions like a CPA, but just for student loans.

Here’s how Student Loan Tutor navigates federal loan repayments, saving you money both immediately and over the life of the loan.

Certified Public Accountant

Student Loan Tutor

Certified Public Accountant

VS

Student Loan Tutor

1.

Structures finances to realize greatest tax savings, based on business and personal financial trajectory.

1.

Ensures the appropriate loan type qualifying for the best benefits and subsidies, proper income documentation minimizing costs, and advises on partial or total loan consolidations as needed.

2.

Advises you on maximizing tax deductions, and suggests future advantageous tax strategies.

2.

Review all ten current loan repayment options and choose the best based on present and future projections.

3.

Earns a fee by saving more time and money than if done by the client.

3.

Earns a flat fee saving both time and money. However, unlike a CPA, if SLT doesn’t save you time and money, we charge nothing.

4.

Completes and submits all IRS documents on time, simplifying the process.

4.

Collects and submits all documents to government, schools, and/or loan servicers, simplifying the process, with only one point of contact rather than multiple entities.

5.

Remains educated on changing tax and finance laws, adjusting strategies based on latest information.

5.

Remains educated and current on student loan law reforms, adjusting strategies for yearly recertification.

6.

Helps recover money lost by missing potential deductions.

6.

If overspending, reduces or stops payments while gathering documentation to optimize loan strategy

7.

Helps with financial decisions on taxes and finances throughout the year, communicating with attorneys and business partners. This is complicated, and best handled by a professional.

7.

As factors change each year and throughout the loan, adjusts the loan strategy. It’s complicated: gathering and filing paperwork for the Department of Education, confers with attorneys and accountants, assists with any private loan consolidation, and works with mortgage brokers to adjust debt-to-income ratio for home purchase, etc.