Many clients who come into my office feel that there is simply nothing
they can do about their student loan debt. They have been in endless forbearance
or deferment agreements but these are not long term solutions to their
debt. In fact, this may only increase their debt and make it more unmanageable.
If they are delinquent, they have simply come to believe that there is
no solution or that they can be be pursued for this debt for the rest
of their lives.
Well, believe it or not, if you have federal loans (FFEL loans, direct
loans, department of education loans) there are many repayment options.
If you are also in a profession that would lead you to being eligible
for loan forgiveness, it is imperative you enter into the right loan repayment
option or you may find that after 10 years of payments, you are not eligible
for loan forgiveness after all. Federal loans are serviced by a variety
of different companies with Sallie Mae, Nelnet, ACS. MOEHLA, FedLoan Servicing
(PHEAA) being some of the most common servicers. Regardless of who your
loan servicer is, if you have a federal loan, you have options and I can
help you understand what they are.
For individuals whose trouble with their student loans is more advanced
and they are in default, there are also solutions available even though
the problem is more complex at this stage. It is possible for you to get
out of default, to "cure" your default and obtain a reasonable
payment arrangement. If you are experiencing problems repaying your federal
student loans, if you have suffered wage garnishment or your tax refunds
are being taken every year, I can help you get out of default and take
control of your loan debt.
Finally, for individuals who feel their federal student loans are such
a hardship that bankruptcy may be their only option, case law is changing
and a hardship discharge may be an option depending on your circumstances.
I offer free consultations and can help you determine if this is an option
that may be available to you.
For a discussion on private student loans, look for a future post that
will discuss settlement, defense and bankruptcy hardship discharge of
your private loans- yes, it is possible!
Questions or interested in a free consultation about your case? Email Natasha
Meruelo, Esq. at firstname.lastname@example.org or call me at (914) 517-7565. The
first consultation is always free.
Natasha Meruelo, Esq. is located at 445 Hamilton Avenue, Suite 1102, White
Plains, NY 10601.
*Natasha Meruelo, Esq., designated as a Federal Debt Relief Agent by an
Act of Congress and the President of the United States, proudly assists
consumers seeking relief under the US Bankruptcy Code.
Prior results do not guarantee a similar outcome.