Smyth County Government (VA) Benefit
Explore your student loan options with an expert guide.
Did you know there's more than one path to forgiveness? Get the facts and federal policy updates - and develop your personalized plan - on a free 30-minute consultation with one of our student loan specialists at GradFin.1
College is expensive. Gradfin and Pierce Group Benefits have partnered to provide a comprehensive solution to help you overcome the burden of student debt. Because you are an employee of Smyth County Government (VA), you now have access to Gradfin’s incredible list of resources and tools to manage and reduce your debt.
Gradfin is a student loan company that helps you find the best strategies to reduce your student loan debt. Through loan forgiveness programs, PSLF application/management, consolidation, and refinancing, you can finally understand and plan for the next chapter of your life past student loans.
To get started, you will work with a Gradfin advisor one-on-one and understand all your options to save you thousands of dollars over the loan term.
Find Peace of Mind With A GradFin Consultation
Members get $110,000 in forgiveness on average.2
Our Specialized GradFin team will review your loan history, go over your repayment and forgiveness options with you, and recommend a plan. With GradFin's expertise, we've helped borrowers achieve more than $60 million in federal student loan forgiveness to date.3
Apply for IDR
Understand your income-driven repayment (IDR) and forgiveness options.
See if you qualify and help you stay on track for public service loan forgiveness (PSLF).4
Compare simple refinancing options that could help you save on student loans.
Stay the Course
If you're already in the right repayment program, Gradfin helps you stay on track.
Our GradFin reps will discuss what information impacts the interest rate and how you can best be in the position to get the lowest rate from one of our 11 lenders. Every person has a different FICO score, income level, student loan balance, and current interest rate structure, and we walk you through the ways in which you can get the best new rates on your loans.
Our GradFin Rep will break down your loan situation, provide a chart on what your new loan payoff looks like, answer questions about what terms are the best for your particular situation, and answer any application questions that come up.
We have over 400 time slots each week that you can choose from, including weekends. We are very conscience of your time and want you to choose what time best works for you. With that said, we have allotted 30 minute time slots which is enough time for our GradFin rep to discuss with you the various refi options that are available.
We would love to set up a consultation with your parents, spouse, friends, family members, or anyone else. In fact, many parents take out student loans for their children called Parent Plus Loans. These loans usually have higher interest rates. Please reach out to your GradFin rep to set up a consultation.
Our lenders offer various terms from 5 to 20 years as well as fixed and variable. Depending on your personal cash flow and monthly budget, you have some options to make your future payments work for you.
GradFin’s 11 lender platform will give you the best opportunity to get the lowest rate possible. We are well positioned to find you the best rate because we understand the underwriting standards of our lenders.
Yes. We want to make the best use of your time, so we recommend that you send your current interest rate and account balance to the GradFin Rep before the one-on-one consultation. This will allow us to chart out some options for you before we speak to you on the phone or in person.
Most of our lenders do not cap the amount to be refinanced. However, if the balance is higher than $150,000 many lenders will look at the borrowers debt-to-income ratio to determine if they are a good fit for a new loan.
Interest rates are determined in many ways:
1) rates set by lenders to compete for your business; 2) the federal funds rate and the LIBOR rate; 3) your FICO score; 4) your debt-to-income ratio and/or current household income; and 5) the term of the loan that you choose (i.e. fixed, variable, 5, 7, 10, 15, 20.)
In most cases, you can selectively refinance individual loans. If you have an opportunity to lower your rate & match your term, it is worth exploring the savings.
Our partners offer short term loans as short as 5-years. It makes sense to refinance into the shortest term to get the lowest rate available. Saving you money is our goal.
The GradFin rep will send each employee an application to refinance their loan after discussing their needs. Each of our 11 lenders has different underwriting criteria and we want to match borrowers with the lender that will be able to give them the best refinancing options.
The Public Service Loan Forgiveness Program provides forgiveness on federal Direct student loans for borrowers that make 120 separate qualifying payments while employed full time by an eligible public service organization. An eligible public service organization is defined as a non-profit (501c3 tax-exempt organization) or a government entity (federal, state, local, or municipal organization).
The PSLF Program was passed into law in 2007 and encourages federal student loan borrowers to work in the public service sector. GradFin provides a membership program designed to help student loan borrowers stay in compliance with the complex filing rules and regulations. The Department of Education administers the PSLF laws and provides guidance on several issues related to the PSLF Program.
IMPORTANT INFORMATION: Please note that if you refinance qualifying federal student loans with Laurel Road, you may no longer be eligible for certain federal benefits or programs and waive your right to future benefits or programs offered on those loans. Examples of benefits or programs you may not receive include, but are not limited to, Public Service Loan Forgiveness, Income-driven Repayment plans, forbearance, or loan forgiveness. Please carefully consider your options when refinancing federal student loans and consult StudentAid.gov for the most current information.
- GradFin and Laurel Road are brands of KeyBank N.A.
- GradFin members that met the requirement for PSLF qualified for an average of $110,000 in student loan forgiveness as of 4/21/23.
- This is the total dollar value of loans forgiven for GradFin customers as of 4/27/2023. This dollar value is based on the customer reported forgiveness amount and can be substantiated by the Department of Education’s Forgiveness letters.
- To qualify for PSLF, you must be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization (federal service includes U.S. military service); work full-time for that agency or organization; have Direct Loans (or consolidate other federal student loans into a Direct Loan); repay your loans under an income-driven repayment plan; and make 120 qualifying payments. For full program requirements, visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service.