It’s is estimated that 1 in 4 Americans currently have some amount of student loan debt that they owe. With only 17% of these people (44.7 million to be exact) being able to pay back their student loans in full, somethings got to give. Some student loans, namely Federal student loans, are able to provide an option that many private lenders are not able to offer: Student Loan Forgiveness. Student loan forgiveness is the term that describes when the government forgives or discharges all or part of your federal student loan under particular or special circumstances.
Naples bankruptcy lawyers, Miller, Hollander, and Jeda, can help you through the process to 1) see if you qualify for student loan forgiveness, 2) to assist you in getting as much of your loan discharged as possible. If you do not qualify for student loan forgiveness, we can provide you with alternative options.
If you are currently overwhelmed by student debt loan, contact the law offices of Miller, Hollander, and Jeda. Through our Student Loan Modification Program, we can help you either consolidate, settle, or rehabilitate your student loans.
Read on for more information regarding who qualifies for student loan forgiveness and what your options are if you don’t qualify for student loan forgiveness.
Persons who qualify for Federal student loan forgiveness fall into three main categories as outlined by Student Debt Relief* or types of loan forgiveness:
*There are some instances when loans can be forgiven even if your circumstances do not fall into the categories specified above. This is just one of the reasons it’s essential to your financial future that you discuss your options with a Naples bankruptcy lawyer before filing for student loan forgiveness through a second or third-party agency.
Even if you don’t qualify for student loan forgiveness, there are other options available to you that a Naples bankruptcy lawyer can help you to navigate. Through our Student Loan Modification Program, we offer three different options for people struggling with crippling student debt. The three options in this program we provide are:
You can find out more information regarding our Student Loan Modification here.
Whether you qualify for student loan forgiveness or need to seek other options in order to take back control of your finances, Miller, Hollander, & Jeda are here to help. With over 35 years of experience in both personal and business bankruptcy, we understand the complex laws of Florida and the United States. Let us help you reduce or settle your student loan debt whenever you’re ready. Call us today to schedule a free, no-obligation consultation to discuss your financial situation with one of our experienced Naples bankruptcy lawyers.