Maine Bankruptcy and Debt Relief Blog

Current on Student Loan Payments, But Having a Hard Time?

Posted on 11/27/2011 at 04:00 pm by Molleur Law Offices
Viewed 271 times

There are several repayment options that student loan borrowers may have, depending on the type of student loans they have.  Often, the type of student loan, federal vs. private, dictates the repayment options for the borrower.  Many student loan companies don’t tell their customers about the options available, particularly if the borrower is current on his or her payments. 

Student loan debt in the United States has for the first time this year, exceeded credit card debt – a problem that is serious, especially considering that student loans are almost never dischargeable in bankruptcy. 

If you are current with your student loan payments, you may be eligible for a reduced monthlypayment.  If you are interested in finding out more about your rights as a student loan borrower, please make an appointment.  During your appointment, we will discuss your loan types and consider possible options for making your payments more bearable. 

Appointments are not bankruptcy consultations.  An hourly fee will be required at the conclusion of your appointment. If you are current with your student loan payments, you may be eligible for a reduced monthly