Federal Student Loan Debt Help In San Diego

Get free advice from an experienced and successful student loan lawyer for help with federal student loan debt. In a complimentary consultation, you can get answers to your student loan debt questions, learn your options for lowering your student loan debt, and find out if you qualify for student loan forgiveness. The Debt Settlement Lawyer provides legal help nationwide for those who are worried about defaulting on their student loans, as well as recourse for those who have already defaulted on their federal student loans.

Debt Lawsuit Defense For Federal Student Loans

We also offer debt lawsuit defense if you have been sued for federal student loan debt. The Debt Settlement Lawyer also serves consumers with private student loans as well. While our primary offices are located in San Diego and Los Angeles, California – we serve clients all over the United States and even overseas. Visit our client debt relief success story page to see how we have helped our clients with their student loan problems.

Whether you’re a recent graduate or have been out of school for a while, millions of Americans are having a difficult time repaying their federal student loans. For some, the job market may be more challenging than expected. While others might be experiencing personal troubles or financial hardships. Regardless of your circumstances, you can bet that the federal government will expect regular payments under the terms of your student loan. Fortunately, there are options to help federal student loan borrowers going through tough times. For a Free Consultation to figure out your debt options, contact us via our online form or call 844-729-4866.

Options For Federal Student Loan Debt Relief

If you are having federal student loan debt problems and want to learn more about student loan forgiveness, The Debt Settlement Lawyer offers a free consultation to learn about your situation and find solutions unique to your particular situation.

Federal Student Loan Debt Settlement:

This is an option for a small portion of federal student loan borrowers out there. Federal loans only become eligible for settlement after the loan goes into default (270 days past due). Even then, the settlements usually only eliminate any collection costs that have been added and reduces the principal by about 10-15%. The settlement is usually payable within 90 days either in a lump sum or spread out over those 90 days. This is a good option if a borrower has access to a lump sum of money from a third party.

Federal Student Loan Rehabilitation Plan:

For loans that are in default (270 days). This is a good option for someone having their wages garnished by the government or getting threats of a wage garnishment. This program is based on your income. You make 9 reduced payments during a ten-month period and your loan is considered current. You’ll instantly become eligible for all available repayment options. This will also remove negative credit reporting from your credit score.

* Beware of Some Collection Tactics: When you request rehabilitation from your loan holder, you’re often working with a collection agency that may try to collect an unaffordable payment. This is against the law, as you are only required to pay what’s reasonable and affordable. The loan holder should discuss your options, which will focus on your income and household circumstances.

Forbearance & Deferments

You might qualify for a deferment or forbearance, giving you additional options for repayment of the entire loan balance. Under certain circumstances your loan may be forgiven and you may qualify for additional federal student loans.

Income Based Repayment Plans

The federal government offers IBRs so that borrowers can pay back their loan based on the amount of income they earn. Visit the Federal Student Aid website to learn more about all of the IBR options available. You can select the IBR plan, ask that your loan servicer determine other appropriate plans or call San Diego debt relief attorney Daniel Gamez at 858-217-5051 for a free consultation. You’ll typically be set up with an income-driven plan that includes the lowest monthly payment amount.

Help With Federal Student Loan Debt

Federal student loan debt is the 2nd largest consumer debt in America. You’re not alone! It’s our mission to help people get the relief they need and start living a debt free life. Call us today at 844-729-4866 to put this behind you once and for all.

Sued Over Student Loan Debt?

Get Debt Lawsuit Defense!

Federal Student Loan Debt Relief Success Stories

Our client had his federal student loans go into default. He was facing a potential wage garnishment if he could not come up with a plan to start repaying this debt. Based on his income, we were able to get him qualified for a loan rehabilitation. Under this plan, he will pay 9 monthly payments of $5.00 per month. Upon completion of those payments, his loan will be sold to another lender for further repayment on the balance due. More important, the bad marks on his credit will be removed. He will also be eligible for forbearances, deferments, and income-based repayment plans. Not a bad deal for $45 in total payments for the next 9 months.
Our client owed $15,019.42 on a Federal Student Loan that eventually made its way back to the Department of Education due to non-payment and a Chapter 13 bankruptcy that lasted 5 years. The Federal Student Loan survived the bankruptcy. The Department of Education sent the account to Performant Recovery for collection. We negotiated with them to settle the account for $8,000.00, payable in one lump sum. Federal Student Loans can haunt you for life. The Department of Education can garnish your wages and intercept tax returns to repay the debt. We are thrilled to get this result for our client!

To read more federal student loan success stories, visit our Client Success Stories page

Call 844-729-4866 for a FREE debt relief consultation

Get Federal Student Loan Debt Help!