Today there are more than 44 million borrowers who together owe over $1.5 trillion in student loan debt in the United States. Many of these borrowers are unable to repay their student loans. In fact, according to Bloomberg Global Data, student loan debt currently has the highest 90+ day delinquency rate of all household debt — more than 10% of student loan borrowers are at least 90 days delinquent, as compared to mortgages (1.1%) and auto loans (4%).
Fortunately, there are options for borrowers who are struggling to repay their student loans or who are in default. The federal student loan program offers repayment options and opportunities to have student loans discharged under certain circumstances. And there are steps that a borrower can take when confronted with erroneous credit reporting or abusive debt collection.
Student loan borrowers who need assistance should contact Vogel Law Firm to explore your repayment and loan discharge options.
- Borrower Defenses to Repayment Discharges
- Closed School Discharges
- Consolidation and Refinancing
- Deferment and Forbearance
- False Certification of Student Eligibility Discharges
- Income Contingent Repayment Options
- Public Service and Teacher Loan Forgiveness
- Unauthorized Signature or Payment Discharges
- Abusive Debt Collection
- Erroneous Credit Reporting
- Negotiate Settlements
- Social Security Offsets
- Tax Refund Intercepts
- Wage Garnishments