Miami Student Loans Attorney
Hire a Bankruptcy Lawyer That Cares
Many Americans still struggle to pay off their college loans many years
after entering the workforce. It is not unheard of for many students to
graduate with $100,000 or more in student loan debt, especially if they
continue to pursue postgraduate degrees. If you are having trouble paying
off your student loans, you need to seek the help of our knowledgeable
and reliable lawyer as soon as possible. Your student loans can limit
your chances of owning a home and starting a family. Our
Miami debt lawyer can help you take the steps necessary to protect and achieve your dreams.
Student Loan Repayment Options
At Orshan, P.A., we have the legal resources and insight to help you walk
away from your student loans or to make them more manageable.
Whether you owe private loans or federal student loans, we can carefully
review your financial situation and determine which of the following options
will work for your situation:
Forbearance or deferment– This is a suspension of loan repayment or a reduction in monthly
payments temporarily. This option allows debtors to defer their payments
due to circumstances such as unemployment, military service, economic
hardship, and continuing to study, to name a few.
Repayment plans – This option allows you to choose graduated repayment (your loan
payments increase over time), contingent-based repayment (payments are
based on your income) or extended repayment (this extends the duration
of the loan, for as long as 30 years).
Consolidation – This option allows you to consolidate your student loans into one
single payment for lower payments.
Because they are issued by private banks, private student loans cannot
be discharged through bankruptcy but may be settled with the help of a
Miami bankruptcy lawyer. Some banks will allow for deferment, but for the most part, they will
aggressively pressure debtors into paying back their loans.
The Undue Hardship Exception to Student Loans
While student loans cannot be wiped away with bankruptcy, debtors may be
able to have their loans canceled by proving that paying their loans would
result in undue hardship.
In order to be eligible for student loan cancelation, a person must prove
that they meet the following criteria:
- Their current economic situation is unlikely to improve in the future
- They cannot maintain a basic standard of living if you were to repay your loans
- They have made a good faith effort to repay their student loans to the
best of their abilities
It is very difficult to have your student loans discharged based on the
undue hardship exception. But you can utilize our firm's careful legal
guidance and representation to strengthen your chances.
Don't make the mistake of thinking you can do this on your own.
Take control of your financial future! Contact our bankruptcy lawyer today.
At Orshan, P.A., we understand how stressful it can be to be bogged down
by student debt. During our 25 years of experience, we have helped countless
individuals overcome their financial burdens, including student loans.
We are confident in our abilities to help you too.
Please do not hesitate to
today for more information about how we can help you with your student loans.