Ohio graduates have experienced significant trouble in repaying their student loans. According to statistics released by the United States Department of Education, several Ohio universities have some of the highest default rates throughout the country. This is extremely disconcerting for Ohio graduates and residents. Student Loan Law Group is available to help Ohioans manage their student loan debt and get out of default!
Defaulting on student loans results in serious financial penalties against the borrower. Default harms a borrower’s credit score in such a manner that the borrower may have difficulties obtaining any financing for necessities such as transportation or household appliances. The credit score damage may also affect a borrower’s ability to obtain housing and enter into lease agreements. In addition to damaged credit scores, borrowers who find themselves in default are subject to wage, tax and Social Security garnishment. This means that the government may, without a court hearing, seize a portion of the default borrower’s paychecks or Social Security checks. Additionally, the government may withhold a portion or an entire tax return from the borrower or his or her spouse.
Defaulting on student loans is serious. If you fear you may become in default soon because you are struggling to make your high student loan payments each month, now is the time to contact Student Loan Law Group to determine whether you qualify for lower, more manageable payments. If you are already in default, Student Loan Law Group can help fight for your rights and ensure that you are treated fairly. Student Loan Law Group may negotiate with the loan servicer on clients’ behalves to obtain a reasonable rehabilitation plan for the borrower so that the borrower has an opportunity to cure his or her default and prevent or end garnishment. For more information on how Student Loan Law Group can help with your personal student loan issues, call us today at 888-843-1706888-843-1706 FREE or visit our website at www.StudentLoanLawGroup.com.