Sherman Oaks Student Loan Debt Lawyers
Student loan debt is hamstringing the future of millions all across the U.S. The scope of the problem is difficult to even grasp: student loan debt now totals $1.8 trillion—almost as much as we spend on Social Security and the military combined. Whether you graduated with a degree in business, spent hundreds of thousands of dollars to become a doctor, or you took classes but did not earn a four-year degree, an attorney may be able to get your student loans under control. Here at Wadhwani & Shanfeld, our Sherman Oaks student loan debt lawyers strive to make seemingly impossible student loan payments manageable.
Student Loan Debt is a Uniquely American Problem
In a country with as much wealth as we have, and where receiving higher education is almost always required in securing a high paying job, it is a shame that roughly one in five Americans is shackled with student loan debt. Not only does this harm the economy, but it forces millions of people to put their lives on the backburner as they attempt to pay off tens or hundreds of thousands of dollars in student debt. For many, paying off their student loans means they will never be able to afford a down payment on a home. For others, they cannot afford their dream marriage, a vacation, or the ability to switch careers by quitting their current job. By working with an attorney, however, you may be able to make these dreams a reality by reducing your monthly payments to get your finances back under control, consolidate your loans to make them more manageable, or have your loans forgiven outright.
Options for Student Loan Debt
- Federal student loan forgiveness
- Loan consolidation
- Loan cancellation
- Loan forgiveness
- Administrative discharge
Federal and State Student Loan Repayment Options
The initial loan payment plan may no longer work for you. This is true for countless people with federal or state student loans. Thankfully, you may be able to restructure your monthly loan payments based on your income. Once you have been in this repayment plan for a specified number of years, paying down your debt, the remaining debt is forgiven. A few of these government programs include the following:
- SLRP—California State Loan Repayment Program
- PAYE—Pay As You Earn
- REPAYE—Revised Pay As You Earn
- ICR—Income-Contingent Repayment
- IBR—Income-Based Repayment
If you have private student loan debt, there are still options available for you, including loan cancellation, bankruptcy, and repayment plans.
Call a Sherman Oaks Student Loan Debt Lawyer Today
If you are struggling to keep up with your monthly loan payments, an attorney may be able to help you get your debt back under control with a repayment plan, debt forgiveness, or any number of other legal solutions. The Sherman Oaks student loan debt lawyers at Wadhwani & Shanfeld have assisted countless clients with their student debt over the years, and we are confident in our ability to help you find a solution that works for you and your current income level. Call us today at 899-996-9932 to schedule a free consultation.