Student Loan Assistance in Glendale
Glendale Bankruptcy Attorney Offering Legal Counsel
College tuition costs, on average, have increased dramatically from coast-to-coast over the last few decades. As more and more people start to fall behind on their payments, student loan debt in the country has risen to well over $1 trillion. It has been estimated that more than half of this massive debt is owned by families in the lowest-level income bracket. If you are struggling to make ends meet and pay off your student loan debt, you are certainly not alone, and you are not out of solutions.
Finding Financial Relief Through Legal Options
At RJB Law Offices, our Glendale finance attorney can help you explore your opportunities to be rid of your student loan debt without sacrificing your well-being. It begins with educating you about your own debt, how it came to be, and what can happen if it is allowed to grow. We want to empower you with the knowledge necessary to get out of debt and stay in a comfortable financial situation for the rest of your life.
The simple version of our three-step plan is:
- Completely analyze your debt, income, and necessary expenses.
- Find the right Department of Education program that saves you money.
- Get started on paperwork and legal filings to make it happen.
There is a multitude of assistance programs and plans that could be of use to you. From the Graduated Repayment Plan to the Pay-As-You-Earn Plan, we want to guide you to the one that benefits you the most. Sometimes the program is quick, sometimes it will take more effort, but know that we are here to help you from start to finish.
Taking Care of Private Loans
Most private student loans will not qualify for any federal loan program. This does not mean that there are no ways to find a better conclusion. For example, your private loan debt might be able to be reduced and compiled into a Chapter 13 bankruptcy filing. When the hardship you are experiencing from your debts is truly crippling and there is no feasible way for you to repay them, there is a chance that Chapter 7 bankruptcy could discharge them. The point is that there is never just one avenue to explore when it comes to dealing with your student loan debt.
Contact our Glendale financial law attorney and ask about our free consultation.