Student loans cause a great deal of financial stress for a lot of people in the US. If you are having trouble repaying your debt, a student loan lawyer can assist you. They have the knowledge and experience to greatly lessen your financial burden, whether it is through student loan forgiveness or lowering your monthly payments.
But if you’re already having trouble making your debt payments, the thought of having to pay a lawyer extra money could seem overwhelming. Here’s what you need to know about the costs (and savings) of hiring a student debt attorney to help you decide if it’s the right decision for you.
A lawyer with expertise in the rules and laws governing student debt is known as a student loan lawyer. They can offer direction and support to borrowers who are struggling to make ends meet, are the target of predatory lending practices, or are experiencing other debt-related issues. Student loan lawyers can help by:
Are you behind on your student loans?
Few things can be more concerning than having to manage student loan debt. If you miss a loan payment, the Department of Education may take further action against you, including asset seizures, wage garnishments, and loss of financial aid eligibility. Many people have the feeling that they are stuck in a difficult situation. Regretfully, the majority of people are unaware that there are ways to get their student loan problems resolved.
Are you in legal trouble? Our attorneys offer strong defense against lawsuits related to student loans.
Do not give up if you have fallen more than 270 days behind on your federal student loan payments or if you have defaulted on your private student loan. Contact the Law Office of Simon Goldenberg, PLLC, a knowledgeable New York student loan attorney, as soon as possible. Our legal team will pay close attention to your objectives and offer advice that will help you avoid default and get back on the path to success!
Explore Your Options with a New York Debt Relief Lawyer
To recover financially and carry on living your life without having to bear the crippling weight of student loan debt, there are many debt relief options available to you. We have extensive experience handling a variety of debt relief cases as skilled New York student loan attorneys, and we can use our extensive knowledge to help you comprehend your options!
In the event of financial hardship, you might be eligible for the discharge, dismissal, or cancellation of your student loan. Examples of such hardships include:
- Undue hardship
- Permanent or temporary disability, or some sort of incapacity
- Identity theft
- False certification
- Your school declined to give you the money you were owed for your withdrawal.
- Closure of the school while you were there or prior to the start of classes
- Death
You may be eligible for a student loan disability discharge if you think you have a complete and permanent disability. Our office has had great success helping those who meet the requirements to have their student loans discharged because of a verified disability. If you’re not sure what kind of loan you have, check out this helpful chart that highlights the main distinctions between private and federal student loans. If you have any more queries concerning student loans, check out our FAQ.
No matter how your student loans are currently standing, our lawyers can assist in investigating your accounts to find out what options for resolution are available in your particular situation. We assist in identifying every possible resolution so you can choose the one that best achieves your objectives. Working with almost all major student loan lenders, loan servicers, and private collection agencies is experience for our law firm.
Click these links to learn more about our experience working with particular businesses:
Stop worrying about tomorrow. Secure your financial future today!
As a current or former student, we understand that you have dedicated numerous hours and priceless energy to pursuing higher education, so your finances and future are our top priorities! To lessen the severe pressure of default at this time, you will require capable legal counsel.
The time to find a solution if you are having trouble making your student loan payments is now! Get in touch with the Law Office of Simon Goldenberg, PLLC to find out your legal options. Our experienced New York student loan lawyers can explore every option to see if you qualify for a temporary payment suspension or a reduction in your monthly payments. If there are alternative ways to organize your student loan payments, we can also assist in finding them.
Frequently Asked Questions About Student Loans
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FAQ
Can a lawyer negotiate student loan debt?
Lawyers can assist in settling federal student loans, but they might be especially useful if you’ve been sued by the holder of a private student loan. Work with a debt settlement company. Debt settlement companies will ask you to stop making payments and fund an account with them in its place if you are still making payments.
How long does it take most lawyers to pay off student loans?
Payment schedule: 10 years for federal student loans; 20 to 25 years for federal student loans with an income-driven repayment plan; 10 years for federal student loans with public service loan forgiveness; 5 to 25 years for private student loans
Do lawyers get student loan forgiveness?
Loan forgiveness programs and loan repayment assistance programs (also known as “LRAPs”) have become popular ways for some recent law graduates to reduce their debt. LRAPs give graduates who enter particular types of employment—typically law-related public interest jobs—loan repayment or reduced loan payments.
Can you sue for student loan debt?
If you miss payments on a student loan, you could be sued. The federal government may file a lawsuit in federal court, even though it is more typical to deal with legal action related to private student loans.
Read More :
https://www.goldenbergfirm.com/debt-relief/student-loans/
https://olsendaines.com/costs-of-hiring-a-lawyer-for-student-loan-forgiveness/