Cincinnati 8/11/2015 5:27:47 PM
News / Law


Many graduates from Ohio universities and trade schools are experiencing the burden of student loan debt. Most students take out some form of financial aid to cover the cost of tuition. Upon graduation, there is a brief grace period where no repayment demands are made. Shortly thereafter, the loan servicers expect the graduates who borrower funds for education to have found employment and begin making payment demands to the borrowers. Unfortunately, today’s economy proves that locating employment is much more difficult than it has been in the past and as a result, many borrower’s struggle to make their monthly student loan payments.

Many borrowers are unware of the repayment programs that exist. Borrowers are typically held to a standard repayment plan unless they request information for other plans and follow application procedures. Applying for a different type of repayment plan can be very stressful and overwhelming for the borrowers. Student Loan Law Group can help borrowers determine whether they qualify for a repayment plan that can significantly lower their monthly payments to a more manageable amount.

Additionally, Student Loan Law Group can help borrowers who have fallen behind on their student loan accounts. Borrowers who have missed payments cannot afford to not ask for help from professionals. If a borrower is delinquent for more than two-hundred and seventy (270) days on their student loans, the borrower can be considered in default. Immediately upon obtaining default status on a loan, the loan servicer may sue the borrower or petition for a court order to have the borrower’s paychecks and Social Security checks seized. The loan servicer may also have the borrower’s or the borrower’s spouse’s tax returns withheld. These can be devastating financial consequences.

Student Loan Law Group can help borrowers who are overwhelmed with their student loan debt. To determine how to make student loan debt more manageable, borrowers may call Student Loan Law Group immediately at 888-843-1706888-843-1706 FREE. Borrowers who are unsure of how to handle their student loan problems do not have time to waste.