If you are struggling to make your student loan payments and have found yourself in default, near default or experiencing wage, tax or Social Security garnishment, you are not alone. Many families are simply unable to afford the payment demands on their student loans because the poor economy has resulted in lower starting salaries. Most student loan borrowers are unaware that they may qualify for federal income-driven repayment plans that can drastically reduce their monthly payments.
In order to qualify for income-driven repayment plans, a borrower may not be in default on his or her loans. Many borrowers who would otherwise qualify for these plans to lower their payments to a more affordable amount are currently ineligible because they are in default and are experiencing garnishment. Student Loan Law Group may help distressed borrowers get out of default and get back on a stable financial path. Student Loan Law Group consists of attorneys who are well-versed in student loan laws and debtors’ rights laws.
Student Loan Law Group may help clients cure their defaults and rehabilitate their loans. Once the default is cured, garnishment will stop. At that time, Student Loan Law Group may help clients apply for income-driven repayment plans to lower their monthly payments and ensure that they don’t go into default on their student loans again in the future. For more information on how to take control of your student loans, contact Student Loan Law Group at 888-843-1706888-843-1706 FREE or visit our website at www.studentloanlawgroup.com today.