A student loan lawyer assesses your federal and private loans, offering legal advice to address the challenges you face. They can help with:
Qualifying for Forgiveness
Since President Biden’s inauguration, the Department of Education has eliminated over $32 billion in student loan debt by enhancing existing forgiveness programs.
For example, it has forgiven loans for thousands of full-time government and nonprofit employees previously ineligible for the Public Service Loan Forgiveness program.
The department also pledged to provide credit towards income-driven repayment plan forgiveness for millions of borrowers. Learn more about student loan forgiveness and the IDR Waiver.
Read more about how to apply for student loan forgiveness and the IDR Waiver.
Federal student loan borrowers can use the Fresh Start Student Loan Program, consolidation, or loan rehabilitation to regain good standing.
The best option depends on your financial goals, active wage garnishments, and home-buying plans. Discover more about default consequences on student loans.
Related: Student Loan Wage Garnishment in Texas
Settling federal and private student loans is possible after defaulting. A lawyer experienced in dealing with servicers and collectors can negotiate a lump-sum settlement, potentially saving thousands and avoiding settled debt taxes.
Learn how a lawyer can negotiate student loan debt.
Reducing Monthly Payments
The Education Department offers several repayment plans for more affordable monthly payments. But eligibility requirements can be confusing, especially for married, retired, or self-employed individuals concerned about qualifying for loan forgiveness.
Explore income-driven repayment plans and the IDR account adjustment.
Defending Against Lawsuits
In state court, private student loan lenders and collection agencies often sue borrowers and cosigners to recover defaulted loan payments.
In addition to defending you in court, some student loan attorneys can help eliminate loans in bankruptcy by proving undue hardship.
Read more about bankruptcy and student loans.