Are you a Floridian having trouble paying your student loans? As complex as this issue may seem, solutions are available, and a Fort Lauderdale student debt attorney from Loan Lawyers can help you.
Let us put our 100-plus years of combined legal experience to work for you. Contact Loan Lawyers today to learn more about your options.
Statistics on U.S Student Debt
Student loan debt is a concern for many people. Consider the following statistics:
- Four years after earning a bachelor’s degree, the average graduate still owes 78 percent of their federal student loan debt.
- Just over half of students who attend four-year schools and universities graduate with debt. The average balance for a student loan borrower who graduated in a recent year was $29,100.
- A student earning a bachelor’s degree at a public university will borrow an average of $32,637.
How to Deal with Student Debt if You Cannot Pay It
If your student loans are federally guaranteed loans, you may have options if you’re unable to pay student debt. They include:
- Student Loan Forgiveness – You could qualify for a student loan forgiveness program depending on various factors. For example, if you have worked for a public service employer, you may qualify for Public Service Loan Forgiveness. You can also track the progress of federal student loan forgiveness programs if you believe you qualify.
- Student Loan Deferment – You could ask for a deferment if you’re currently unable to make student loan payments but do believe you’ll be able to pay your student loan debt back eventually. Be aware that interest could accrue during a deferment. You might be better off with an income-based repayment plan.
- Income-Driven Repayment – With an income-based repayment plan, your student loan carrier will calculate an appropriate student loan payment based on your current income and the size of your family. In some instances, the student loan payment could be $0 per month.
- Student Loan Discharge – You might have the option to discharge or cancel a loan in some instances. For example, you might qualify for a discharge because of a disability. Or, you might be eligible for a discharge if you can show that a school or lender misled you in some material way.
How Can a Florida Debt Defense Lawyer Help?
A Fort Lauderdale student loan attorney from Loan Lawyers can help by:
- Explaining Your Options – A student loan lawyer could review your case and explain the options available to you. Consulting an attorney may help you better understand how to proceed.
- Negotiating with Student Loan Lenders – A Fort Lauderdale debt defense lawyer may be able to negotiate with lenders on your behalf to develop a repayment solution that satisfies them and doesn’t unreasonably burden you. In addition, an attorney could help end wage garnishment for student loan borrowers.
- Protecting Your Rights – Lenders and debt collectors may engage in illegal tactics to get you to pay what you owe. A student debt lawyer, familiar with the applicable laws, can protect your rights.
Contact our Fort Lauderdale Student Loan Lawyers to Learn More
At Loan Lawyers, we thoroughly understand how difficult it can be to cope when student loan debt is hanging over your head constantly. Luckily, this may not be a burden you have to live with.
When you choose the Fort Lauderdale foreclosure defense lawyers at Loan Lawyers, you get a law firm that:
- Is trustworthy, upfront, and honest, providing you with excellent legal services at an affordable price.
- Is responsive when you call and makes sure you’re able to speak to your attorney or support team promptly.
- Has over 500 five-star reviews and online testimonials that attest to the quality of our work.
Reach out to us today for a free, no-obligation consultation with our student loan lawyers. Learn more about what a Fort Lauderdale lawyer for student loan debt can do for you.
