With an estimated $1.2 trillion student loan debt owed by Americans, more and more people are starting to turn to student loan attorneys for help with their student loans.
But how can an attorney help?
Let’s explore ways that student loan lawyers like Atwood & McVay in Nashville, TN are helping those with student loan debt:
Help You Understand Your Situation
If you are facing delinquencies or defaults, then a student loan lawyer could be just the answer you’ve been looking for. State and federal regulations exist that can help prevent harassing collection agencies and lenders from contacting you.
A student loan lawyer is highly knowledgeable in these rules and regulations and will help you understand how they can help provide an effective solution to your own situation.
Explain Your Options
Believe it or not, there are options out there that can help lessen the burden your student debt is having on your life. Some student loans can be discharged in bankruptcy, but the process is very arduous and is oftentimes not worth the trouble.
With federal student loans, there is no statute of limitations and your options will depend on the status of your loan. If your federal student loan is not in default, you will have a few options at your disposal, including:
- Repayment plans
- Recommend a Solution
The goal of a student loan lawyer is to determine the most effective solution for you. Whether the goal is to permanently get you out of default or to lower your payments, a student loan lawyer will do everything in their power to get the job done.
When to Contact a Student Loan Lawyer
You should not hesitate to contact a student loan lawyer if you find yourself in any of the following situations:
- You are currently being harassed by debt collection agencies.
- You are thinking about changing your repayment plan.
- You are being sued over a student loan.
- You just want some student loan advice.
Nashville Student Loan Lawyer
If you are in the Nashville or Middle Tennessee area are struggling with student loan debt, contact the student loan lawyers at Atwood & McVay today and take the first step towards relief.