If you are a student loan borrower looking for a student loan lawyer in Atlanta to help, this blog post is for you. The student loan debt crisis in the United States has reached record-breaking levels, and it’s not showing any signs of slowing down.
Borrowers in Georgia have an average debt of $39,272 — the third-highest in the country and 7% above the national average of $36,689.
Finding a student loan lawyer can be challenging representing your best interests can be challenging.
There are 1.6 million student loan borrowers in the state. We can help you connect with a licensed lawyer today to get started on resolving your debt.
The suspension of certain federal student loan payments has been extended until May 1, 2022, but this does not indicate that Atlanta student loan borrowers are off the hook.
A student loan lawyer in Atlanta can help you.
If you have a problem paying your student loans, a student loan lawyer can help. If you have already defaulted on one or owe them for a long time, a student loan lawyer may be able to help.
Student loan wage garnishment
Your loan servicer may collect a portion of your income to pay down the debt if you have a student loan. It’s legal, but don’t let them take too much money from you because it will end up costing you more in the long run.
They help you protect your tax refund.
The government may seize your tax refund to pay off a federal student loan. Because you might not have enough money if they do, the government can’t do this.
Negotiate with your lender
A settlement might be reached with the individual you owe money to through attorneys who assist with student loans. As a result of this, the amount you’ll have to repay will be reduced.
File student loan bankruptcy
Filing for bankruptcy may be distressing, but it is sometimes feasible to have your student loans canceled. This implies that the court would relieve you of the obligation to repay them and that you would no longer owe anything.
A student loan lawyer in Atlanta can assist you with any of these concerns.
A student loan lawyer in Atlanta can assist you with your federal student loans.
You may have received a letter in the mail informing you that the federal government has taken action to seize your money owing to loans. They might send you a letter telling you that your tax return will be held owing to debt.
If any of these are true, don’t worry. You’re not alone.
Americans owe a total of $1.71 trillion in student loans. There are 44.7 million people who have student loans.
If you want to avoid defaulting on your loans and having your earnings seized, a student loan lawyer can assist you. But if you want them to act immediately, you must do so right away.
Student loan lawyers might help you with the following:
Find the right income-based repayment plan.
A student loan lawyer can assist you in determining whether or not you qualify for a plan and which one is ideal for you. There are several plans to select from, such as PAYE and REPAYE, as well as ICR.
Reduce monthly payments
Repayments for student loans are frequently lessened. If you can’t make the monthly payment, consider finding other ways to pay less money.
Consolidate student loans
Consolidating student loans might be a smart option for individuals who only have to worry about one loan payment at a time. Students and their parents may qualify for direct consolidation loans from the government. You could also save money by combining your student loans with a private firm.
Settle defaulted student loans
If you’ve been in default on your student loans for six months, you have another opportunity to get back on track. If you have a federal student loan in default, your lender may be willing to accept a lower sum than the total amount owing. You could qualify if you are unemployed or have money problems.
I can also guarantee that your student debt is eligible for student loan forgiveness programs like the Public Service Loan Forgiveness and income-based repayment alternatives.
How can student loan lawyers assist with private student loan problems?
With private student loans, They can help:
- Negotiate settlements
- Negotiate lower monthly payments
- Remove default status
- Remove cosigners and
- Evaluate refinance and consolidation options.
Find a student loan lawyer in Atlanta.
You may find it challenging to work with the IRS or another government agency because you must complete many forms and jump through hoops. You may not be aware of all of your options. We can assist you in this process!
If you have student loan debt but aren’t paying it, the government will keep part of your tax refund. You may contact our attorneys to see whether we can assist you. We want to help you as much as possible.
They’ll help you figure out which repayment strategy is ideal for your defaulter’s student debts. Don’t lose any more money!