Student Loan Debt FAQs
Student loan debt is a pain point for most college graduates. Learn what options are available to you.
Frequently Asked Questions
Reduce or eliminate student loan debt.
We love our degrees, but not the debt that comes with them. Student loan debt plagues almost all college graduates and they are finding it increasingly harder to make payments, while planning for their future. Talk to our student loan lawyer to learn what options are available to you. Get your free case evaluation!
Is it possible to discharge student loans in bankruptcy?
Yes, but it is much more difficult than discharging other types of unsecured debt like credit cards. You have to prove “undue hardship.”
What’s the difference between the two federal loan programs (FFEL and Direct)?
William D. Ford Direct loans are made directly from the Department of Education to students, without the involvement of a private lender. Prior to July 2010, there was also a federal Family Education Loan Program (FFEL), also known as the guaranteed loan program. These loans were made by private lenders and guaranteed by the government. Many of the terms and conditions for the FFEL and Direct loan programs are the same. However there are some differences in repayment options. There are still many FFEL loans in the system, but as of July 2010, no new FFEL loans are being made.
How do I know if I should consolidate?
Consolidation is used to reduce and simplify monthly payments by rolling multiple loans into one. However, it can also lengthen the period of repayment and therefore increase the total amount you will pay in interest over the life of the loan.
Get answers to help you make an informed decision.
Receiving effective and relevant advice can be the difference in making the right decision for your specific needs. Our South Florida attorney and Ft. Lauderdale bankruptcy attorney should be the first person you ask!