Miami Student Loan Debt Lawyers
Take Control of Your Student Debt Today
At LSS Law, a Florida student debt lawyer at our law firm will work with individuals who are facing financial struggles every day. We understand that student loan debt is overwhelming and stressful for many people. If you are one of them, let us help.
Our student loan debt attorneys in Miami provide you with a comprehensive and personalized analysis of your federal and/or state student loan portfolio to determine eligibility for administrative discharge, loan cancellation or forgiveness, deferment, forbearance, rehabilitation, consolidation and/or repayment. If you have private student loans, we provide you with the same analysis, to determine all of your available options, including proactive or reactive settlement, eligibility for cancellation or bankruptcy discharge and availability of defenses.
Why Choose LSS for Student Loan Debt?
If you work with our Miami student loan debt lawyers, we discuss all of these options with you and we provide full implementation of the best strategy moving forward, including assistance with the completion of forms and applications for forbearance, deferment, settlement, rehabilitation, consolidation and/or repayment. We also provide direct representation in communications with collection agencies, settlement negotiations, repayment plan negotiations, prevention or elimination of administrative wage garnishments, social security offsets, tax refund intercepts and other collection activity, including representation in lawsuits brought by student loan lenders. Read our bankruptcy lawyer reviews to see why clients come to us when they're looking for a lawyer for student loans.
Which Option Is Best: Deferment or Forbearance?
If you are unable to pay your student loans, especially in a situation of a short-term or temporary financial setback, a deferment or forbearance allows you to postpone your loan payments for a period of time. When a federal student loan is deferred, the government pays interest on subsidized loans. If the loan is in forbearance, the borrower (you) pay the interest on the loan.
Repayment Plans for Federal, State and Private Student Loans
If you have a federal student loan and are struggling to remain current on your payments, we can assist you with formulating a repayment plan that is manageable and beneficial to you.
The types of income-driven repayment plans that we can help you with include:
- Income-Based Repayment (IBR)
- Income-Contingent Repayment (ICR)
- Pay As You Earn (PAYE)
- Revised Pay As You Earn (REPAYE)
IBR, ICR, PAYE and REPAYE are plans that allow you to make payments for a set number of years, and at the end of your payment term, you obtain loan forgiveness for the remaining balance. There is also a federal student loan forgiveness program that allows a qualified public servant to make payments for a shorter term and obtain loan forgiveness at the end of the term with no adverse tax consequences.
Repayment plans are also sometimes available for private student loans, depending on the lender. We can review the terms of your contract with your private student loan lender and fully explain all of your available options.
Do I Have Options if My Student Loan Defaults?
It is important to seek our help before your student loan goes into default. However, if this is not possible, there are still options available.
Options after your student loan has defaulted:
- Loan consolidation: In many situations, you can cure your default by consolidating your federal student loans, if eligible, and by agreeing to immediately begin an extended repayment plan, which will allow you to cure the default.
- Repayment: To rehabilitate your default, you generally must make nine payments within a ten month period, allowing you to cure your default. In some situations, such as an administrative wage garnishment, this is the only way to get out of a student loan default. Rehabilitation also allows the default notation to be removed from your credit report.
Start a Consultation with Our Miami Student Debt Lawyers
The above examples are only some of the myriad of options available to you. Allow us to demystify your student loans and put you back in control. Our student loan attorneys in Miami have 70+ years of legal experience in our corner, and we have the knowledge necessary to set you up with a customized legal strategy.
“Excellent company to work with providing timely advice and guidance.”
“.... very attentive, patient and knowledgeable”
“Well prepared, great attention to detail, and very empathetic to my needs.”
“I felt extremely well represented [by LSS Attorneys] during the whole process.”
“[A]n amazing attorney to work with, extremely thorough, hands on and always available for any questions or concerns that you have.”