When Should I Contact a Bronx Lawyer About Student Loan Debt?

65% of 2017 college seniors graduated with student loan debt

According to a recent study, more than 65% of college seniors in 2017 graduated with student loan debt. The total student loan debt in the United States is estimated at about $1.53 trillion. It’s no wonder that nearly one in four Americans have student loan debt. In addition, because college costs continue to rise, the number of student loans is also continuing to grow. This has created a financial crisis for many individuals and families carrying student loans.

While some people with these loans manage to pay them off without incident, many people are unable to pay them due to sickness, job loss, or many other factors. Lawyers that specialize in bankruptcy and financial law have the experience to guide you through your student loan repayment options. If you have student loan debt, it’s a good idea to contact a financial law attorney that specializes in student loans when you are:

  • Being harassed by a debt collection agency
  • Being sued in court and need legal representation
  • Feeling overwhelmed by a student loan issue and need legal advice
  • Unsure about your legal rights in a student loan related matter

Student loan lawyers can show you several options that are available to help you manage your student loan debt and get back your financial health.

How a lawyer can help with student loan debt

A lawyer with experience handling student loan issues can analyze your financial situation. They can stop debt collectors from harassing you. In many cases, getting personal student loan assistance from an attorney can even be a more affordable option than going to student loan debt relief companies. A lawyer may also be able to help you come up with a payment plan that will give you more control over your situation. Other options include:

  • Bankruptcy (very rarely used)
  • Death discharge (when the student has died without paying off the student loan)
  • Disability discharge when a student becomes disabled
  • Borrower defense discharge (for false advertising and dishonest marketing practices)
  • Public sector loan forgiveness program

Your student loan lawyer may discuss these and other options and strategies to manage or eliminate your student loan debt.

Contact a Bronx student loan attorney for a free consultation

Bronx bankruptcy attorney Thomas M. Denaro, Esq. has more than 30 years of experience helping New York clients overcome their financial problems. He can help you with your student loan problems and counsel you on how to repair and rebuild your credit. If you live in the Bronx, Bronx and Westchester, Queens, Kings, Richmond, Suffolk, Nassau, Rockland, Orange, Putnam, and Duchess Counties, contact us today online or call (718) 863-6000 to arrange a free consultation with a student loan attorney you can trust.

Thomas M. Denaro
About the Author: Thomas Denaro
Thomas M. Denaro is an experienced bankruptcy attorney serving the Bronx and surrounding areas. He represents Bronx families in bankruptcy court, and has handled thousands of Chapter 7 and Chapter 13 cases from beginning to end.