When the U.S. economy fell, many students paid the price, and continue to pay it through crushing student debt. Numerous students across the United States signed up for student loans in order to go to college and obtain the degree required for a successful career. Unfortunately, when the economy crashed and jobs became scarce, many were left no way to repay their hefty student loans.
Whereas debt accumulated for home loans and automobile loans has gone down recently, student debt has skyrocketed. In the United States, student debt totals at about $1 trillion, with nearly $150 billion owed to private lenders. The sad truth is, many borrowers do not fully understand the financial burden they are taking on when they agree to student loans, but that doesn’t stop collectors.
Why Choose Wadhwani & Shanfeld?
- More than 40 years of legal experience.
- We have helped more than 15,000 clients facing a financial crisis.
- A+ rating from the Better Business Bureau.
- Our lawyers create personalized debt-relief solutions to meet your needs.
About Student Loan Debt Relief
If you are unable to make the payments on your student loans, our firm wants to help. We understand how overwhelming student debt can be, and we want to help you formulate a plan to alleviate debt and get back on your feet. There are a number of different debt relief options for student loans, depending on the situation. Private student loans, for example, will be treated differently than federal student loans, and are typically more difficult to seek forgiveness for.
Our firm can study your specific situation and evaluate the possible options for debt relief and forgiveness. We can also consider the potential benefits of forbearance or defaulting. At Wadhwani & Shanfeld, our attorneys have helped more than 10,000 clients file bankruptcy, and we have helped many more with other debt issues. Whatever situation you are facing, we can help create a custom plan to help restore your financial standing.
Contact Wadhwani & Shanfeld to schedule a free consultation.