Student Loan Relief Options
Options for Help with Student LoansIf you are having a hard time either paying or figuring out which option is best for you to pay down your Private or Federal student loans, The Law Offices of FCA national service.org will be able to assist you! If you are just coming off your grace period, have fallen behind on payments, are in default on your payments, or even in collections or being sued – we can help
In today’s economy with the lack of job opportunities, you may be struggling to find work even to survive, let alone start to pay back what seems like an enormous amount of student loan debt. If you are struggling to pay your student loans and qualify for help, our Student Loan Debt Relief Attorneys may be able to help you to lower or postpone your payments, reduce your outstanding balance, or possibly even have your loans canceled and forgiven.
At FCA national service.org, we offer multiple choices depending on your hardship and current income. Some options allow for payment flexibility in case your situation changes with regards to your income or health from time to time. Many choices we will discuss are available for all types of loans while other options only apply to certain types of loans.
Services Offered that Help with Your Student LoansEach of our client’s situations is different, and as such, each case needs thorough evaluation. Although past performance does not dictate future results, we have been able to achieve outstanding results for our clients that had fallen behind on their student loan payments. We can provide you with relief through one or more of the following services:
- Loan Consolidation
- Repayment Plans
- Rehabilitation
- Deferment & Forbearance
- Settlement & Forgiveness
- Cancellation & Discharge
- Bankruptcy
Our Student Loan Relief Practice Areas
Below are the different options we offer to help solve your mortgage loan problem.
Deferment & Forbearance
Deferment will enable you to take a break from making payments for a short period of time. Forbearance is a great option if you need to delay your payments for a longer period of time as a result of your hardship being more long term.
Consolidation & Repayment
If you have more than one loan outstanding, with different loan servicers, different payment addresses, or different interest rates, AND you can afford the payments – a Consolidation Loan can alleviate some of the hassle and help keep you organized.
Rehabilitation
If your Federal Loan is in default, we can rehabilitate the loan based on your discretionary income. After making 9 qualifying payments, we will then be able to consolidate your federal loans to ensure you have the lowest possible payment.
Settlement & Forgiveness
For private student loans in default on certain federal loans, if you have funds available or can borrow money, we can settle the debts for less than what you owe, saving you thousands off the outstanding balance and even much more when factoring in all the future interest that you would have paid.
Cancellation & Discharge
There are many ways to cancel and discharge your federal student loans. Some are school-related, job-related, disability-related, and in the case of the loan holders death. Learn more about your options and how they may apply to you.
Bankruptcy
If you have undergone an extreme circumstantial hardship, you may be eligible to have your student loans discharged through a bankruptcy filing. If you qualify, your loans may be completely wiped out
Federally Backed Loans – Subsidized vs. Unsubsidized
One of the most critical differences in the Federally backed loans we come across is whether or not the loans were subsidized. Being subsidized or not will tell you who is required to pay the loan interest while you’re in school. While you are in school or on deferment, the Federal Government pays the interest on subsidized loans, but with unsubsidized loans, you are responsible for the interest. If the loan is unsubsidized, you are not required to pay the interest, but if you do not, the interest will accumulate and be compounded or capitalized into the outstanding balance. If you can make payments while in school, you should, as doing so will help to reduce the overall total loan payback amount, as the interest will not compound on as large of a balance.
Enrollment Status and Student Loans
Each school has a different guideline as to the enrollment status that determines if you are at least part-time (also referred to as half-time) or not. If you are no longer at least half-time status because you have either: graduated; are still attending some classes but are not enough to be considered half-time; have taken a leave of absence; or decided not to continue your schooling, then, unless your loans have been deferred, you will be required to make payments again once your grace period has come to an end.
The Following Federal Loans are Eligible for Assistance:
- Direct Loans (subsidized or unsubsidized)
- Federal Stafford Loans (subsidized or unsubsidized)
- Federal Perkins Loans
- Direct PLUS Loans
- Federal Family Education Loans (FFEL)
- Health Education Assistance Loans
- Federal Nursing Loans
- Supplemental Loans for Students (SLS)
- Parent PLUS loans
Without a plan that fits your budget, student loan debts can snowball out of control and your problems will get worse.
If you are starting to struggle to make your student loan payments or have already fallen behind, don’t risk your future. If you do nothing about your problems, they will not go away but will instead get worse. You’ll be forced to deal with lawsuits, frozen bank accounts, wage garnishments, and.seized tax returns! With any of our student loan debt relief options, you will have the final say as to whether or not you want to accept anything we’ve negotiated. If you have a loan in need negotiation or a lawsuit in need of defense – we are the law firm that can do it for you!
Our Process
Initial Consultation
We begin with a thorough discussion to understand your legal needs and business objectives.
Legal Analysis
We conduct a detailed review of your situation and develop a strategic approach.
Implementation
We execute the legal strategy while keeping you informed at every step.
Ready to Get Started?
Schedule a consultation to discuss your legal needs and discover how we can help your business thrive.