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 contact us today for more information about how we can help you with your student loans.

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