When you enrolled in university, you probably thought you were investing in your future, and you were. What you didn`t anticipate was that the economy would collapse, jobs would disappear, and your student loans would become a major burden that would haunt you for the rest of your working life. Unfortunately, this is the reality in which many find themselves today. With the economic downturn and recessions of the 2000s and 2010s, many went to university or pursued higher education to improve their chances of getting a well-paying job. As a result, student loan debt is higher than ever. In particular, many were forced into higher-interest private student loans that were not backed by the federal government. Some less unscrupulous schools lured people into educational programs with the promise of well-paying jobs that never materialized. While tuition fees are also skyrocketing, private student loan debt in this country has reached crisis levels. If you have less income than expected and are unable to keep up with student loan payments, there is help with a student loan settlement negotiated by a lawyer.

For example, I don`t do estate planning, but I know what a student loan creditor can take from your estate and some ways to minimize your involvement. If you want to dig deeper into estate planning, I can work with another lawyer to put the pieces together. Of all the lawyers I`ve trained in this area, it`s safe to say that most don`t even consider themselves student loan lawyers. There are two main categories of student loans: federal and private. Federal student loans such as Stafford loans are federally guaranteed and are highly regulated. We do not work with federal student loans. On the contrary, private student loans can be granted by well-known banks such as Citigroup or Chase Bank. These loans may have higher interest rates than government-guaranteed loans. Our Student Debt Negotiation Program only applies to student loans issued by the private sector. If you are not sure what kind of loans you have, you can contact us for a free evaluation. If you think you`ve been misled by your college or university, a student loan lawyer could help you get relief from the remaining debt.

For example, if your alma mater intentionally misled you about potential employment prospects after graduation, you may be eligible for credit termination. Immigration. In this global economy, people often move from one place to another. You may be worried about being deported or losing your ability to maintain your status if you default on your student loans. Your ability to bring a fiancé or family members, the ability to maintain your employment-based visa, and other matters require the advice of a student loan attorney who also understands immigration matters. If you`re planning to move to another country, you`ll probably also want to know how it affects your responsibilities. What is the Student Loans Act? That is all that has to do with student loans, particularly student loan entitlements. Lawyers who understand the Advanced Education Act — and there are not that many of us, by the way — have a solid foundation in student loan law. However, that makes someone an advocate for student loans, just as your neighbor who has read Harry Potter and the Prisoner of Azkaban knows all about Harry Potter. Student loans are getting too heavy? You may want to consult a lawyer! A student loan lawyer can review your debt and determine your eligibility for credit forgiveness programs, reduce your monthly payments, negotiate a settlement, and assess your chances of proving undue hardship in bankruptcy. There is no one-size-fits-all solution when it comes to the Student Loans Act. In fact, the world of student loans touches on many other aspects of life – and the law.

Many legal aid programs are funded by the Legal Services Corporation (LSC), an independent, nonprofit organization formed by Congress to provide low-income Americans with financial assistance for civil legal aid. LSC funds 134 independent nonprofit legal aid organizations in every U.S. state, District of Columbia, and territory. Borrowers can find LSC-funded legal aid organizations in their area on the LSC website or by calling (202) 295-1500.