Helping You Take Control of Student Loan Debt
Your student loan servicer represents the federal government – don’t you need a lawyer on your side?
Higher education in the U.S. means you will likely need to deal with student loan lenders. Trying to deal with the complexities of student loan debt takes more than just an ordinary lawyer. You need a student loan attorney in Georgia to help you.
At the Law Firm of Seymour and Associates, P.C., our student loan lawyers can analyze your loans and provide you with the knowledge and tools to understand and take control of your student loan debt. We can even help you recertify your loans on an annual basis and make sure you are in the correct forgiveness program.
Like many people, you may think you will never get out of student loan debt, but you can, and we can show you the way. The Government Accountability Office estimates that approximately 51% of student loan borrowers are eligible for one or more of these low payment programs, but only 20% of borrowers actually apply.
Join the many satisfied clients that have benefited from our student loan analysis. For just $199.00 you will learn whether you are in the best repayment plan, have the lowest payment and/or qualify for any of the all-important forgiveness programs.
Even if you live outside of the Augusta, Georgia area, we can help you with your federal student loans. Our analysis can be conducted in person, via telephone or video conference. Your student loan servicer represents the federal government – don’t you need a lawyer on your side?
Why You Should Have a Student Loan Attorney on Your Side
Let’s face it: your servicer may be great, but the loan servicers work for the Department of Education – not you. The job of the loan servicer is to collect the money that is owed on the student loans. Your servicer does not have your best interests at heart.
Even if your student loan servicer is willing to put your student loans into deferment or forbearance that is really one of the worst things you can do if you owe student loan debt. The loan servicer will not tell you that because they want to hurry and move on to the next borrower.
Your loan servicer may also tell you that bankruptcy would delay the collection of the student loan debt. Its true bankruptcy would delay debt collection, but that is not a good strategy for handling your student loan debt. This is because student loan debt is generally non-dischargeable in Chapter 7 and Chapter 13 bankruptcy.
And, in any event, why would you want to delay the start of repayment when there are so many great income-based repayment plans coupled with the loan forgiveness?
How Much Will My Repayment Plan Cost Each Month?
Depending upon the size of your family, your adjusted gross income, and the amount and type of your student loan debt, your payment could be zero dollars per month! Many of our clients enjoy student loan payments of around $30.00 per month and they are on the road to forgiveness of their loans.
What is the Difference Between Administrative Discharge and Bankruptcy Discharge?
An administrative discharge of a federal student loan is a non-bankruptcy option for certain borrowers. Do not get this confused with a bankruptcy discharge. These two options are in no way close to the same.
Certain borrowers may qualify for administrative discharge of their student loans. Your loan servicer may not take the time to even explore this option with you. And, let’s be honest, it’s not to their advantage to have your loans discharged (forgiven) through the various programs available. The loan servicer wants you to pay your loans.
A few examples of non-bankruptcy administrative discharges are listed below.
Total & Permanent Disability Discharge
If you become permanently and totally disabled and you are unable to work and earn money, you may qualify for a non-bankruptcy administrative discharge. If your disability has lasted for sixty (60) months or is expected to last longer than sixty (60) months, you may qualify for this discharge.
Closed School Discharge
The news reports are full of more and more schools closing and students being left with no place to transfer their credits and student loans left to pay. From Corinthian Colleges to ITT Tech, schools are filing bankruptcy and leaving students wondering which way to turn.
If your school closes and while you are enrolled, on an approved leave of absence or have been withdrawn for 90 days or less, you may qualify for a non-bankruptcy administrative discharge.
If you are a veteran, you may qualify for a non-bankruptcy administrative discharge. You will need documentation from the VA showing you are 100% disabled or that you are totally disabled based on your individual unemployability rating. We thank you for your service and would welcome an opportunity to assist you in this determination.
If the borrower is deceased the loan will be discharged and the family does not have to worry about how to pay the loan. This discharge also applies to Parent-Plus loans.
In the unfortunate event, the student dies or the parent, the Parent-Plus loan can be discharged. This discharge is not automatic. Documentation must be properly submitted and must be done in a timely manner. We can help you with this process should such a sad event occur in your life.
Other Administrative Discharges
The listing of administrative discharges listed above is not exhaustive. There are other discharges that may be available for borrowers of federal student loans.
At Seymour and Associates, our student loan attorneys in Georgia will work for you. We will take the time to analyze your student loan and your financial situation in light of all possible repayment programs available, as well as, the administrative discharge programs. We will then prepare a written analysis of your student loan options and recommend a plan for you to consider.
Once you have decided upon the program you feel is best for you, we will prepare all of the paperwork and represent you with the loan servicers and the Department of Education to help get you in the best possible plan.
You do not need to manage your student loans alone. Let the student loan attorneys at Seymour and Associates, P.C. help you discover a way to pay your loans and still afford to live!