A student loan lawyer in Pennsylvania is an important resource for borrowers in debt. If you’re looking for help paying off your student loans, a student loan lawyer can help you make the right decisions and find solutions that work for you.
This blog post will give you some tips on finding a good student loan lawyer in Pennsylvania who can also service surrounding cities like Seattle, Pittsburgh, and Philadelphia and what type of services they offer.
Borrowers in Pennsylvania have an average debt of $33,426, below the national average of $36,689.
The suspension of certain federal student loan payments has been extended until May 1, 2022, but this does not indicate that Pennsylvania borrowers are off the hook.
Here are four instances in which a student loan lawyer in Pennsylvania might be of assistance to you.
Student loan attorneys may assist with the following if you’re having difficulties repaying your student loans, whether it’s because you defaulted on one or struggled to make payments:
Student loan wage garnishment
If you have a student loan, your loan servicer might take a portion of your pay to pay down the debt. It is ok to do this, but don’t let them take too much of your money because it will cost you more in the long run.
Don’t let your student debt get your tax refund.
If you have a federal student loan, the government can take money from your tax refund to pay it off. The government may not do this, because you might not have enough money if they do.
Talk to your student loan company about how to lower the cost of your monthly payment.
Lawyers who help with student loans might negotiate a settlement with the person you owe money to. This will lower the amount of money that you have to pay back.
Student loan bankruptcy is a legal way to get rid of debt.
Filing for bankruptcy can be hard, but it is sometimes possible to have your student loans taken away. This means that the court would take away the responsibility of paying them off, and you would no longer owe anything.
A student loan lawyer in Pennsylvania can help you with any of these issues.
A student loan lawyer in Pennsylvania can help you with your federal student loans.
You might have received a letter in the mail telling you that the federal government has taken action to take your money because of loans. It is possible they will send you a letter telling you that your tax refund will be taken because of debt.
If any of these are true, don’t worry. You are not the only one.
Americans owe $1.71 trillion in student loan debt. There are 44.7 million people who have student loans.
Student loan lawyers can help you if you want to avoid defaulting on your loans and having your wages garnished. But you have to act quickly if you want them to.
Student loan lawyers can assist you with the following:
You need to pick the right income-based repayment plan.
A student loan lawyer can help you figure out if you qualify for a plan and which one is good for you. There are many plans to choose from, like PAYE and REPAYE and ICR.
Lower monthly payments
Student loan repayments are often reduced. If you can’t make the monthly payment, think about 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.
Student loans may only be settled if the borrower is in default.
If you’ve been in default on your student loans for six months, you have a second chance to get back on track. If you have a federal student loan in default, your lender might be willing to accept less than the full amount owing. You may qualify if you are unemployed or experiencing financial difficulty.
I can also guarantee that your student debt is eligible for student loans forgiveness programs such as the Public Service Loan Forgiveness and income-based repayment options.
How can attorneys 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.
Contact a student loan lawyer in Pennsylvania.
It can be hard to work with the IRS or another government agency because you have to fill out a lot of paperwork and go through a lot of hoops. You might not know about all of your options. We can help you with that!
If you have student loan debt but are not paying it, the government will take part of your tax refund. You can call our lawyers to see if they can help. We want to help you.
They will help you figure out which repayment strategy is best for your defaulted student loans. Don’t lose any more money!