As any one in Oregon or Washington who has paid any attention to the headlines in recent years knows, student loan debt is just crippling the financial futures of our graduates and impairing the nation’s ability to fully recover.
Nationally, the total outstanding student loan balance is over trillion dollars and nearly twelve percent of it is in default. Not only does this represent the highest delinquency rate among all forms of debt, it’s the only one that’s been consistently rising since 2003.
If you think the student loan crisis is just affecting student loan borrowers, guess again. Every market in Oregon from real estate to cars has been hampered by the burden of student loans.
Our firm has for years offered solutions to both Oregon and Washington student loan borrowers under the bankruptcy code, but we were only able to help some borrowers. We have now expanded our involvement in the emerging area of student loan law and are offering a variety of services to Oregon and Washington student loan borrowers.
If you are a recent graduate or a borrower in good standing, we can put together a detailed analysis of your student loan portfolio to establish your eligibility for income-sensitive repayment, consolidation, loan forgiveness and loan cancellation. We can also see your applications for consolidation and repayment through to completion. Finally, we can help resolve bureaucratic problems related to federal loan servicing
If you have now fallen behind on your payments, we can put together a comprehensive analysis of your student loan portfolio to determine options for reducing monthly payments under federal law. We can advise you on repayment management and loan prioritization options and oversee the completion of the requisite forms and applications for deferment, forbearance and consolidation. Finally, we can directly represent you in all your communications with servicers and lenders.
If you are now in default or in collection, we can provide a detailed analysis of your options for getting out of default and help you put together the best game plan for doing so. We can directly represent you with collections agencies so that you don’t have to talk to them anymore and ward off abusive collectors. We can negotiate settlements as well as prevent garnishments and tax refund intercepts. Finally, where appropriate, we can explore bankruptcy solutions as well.
We look forward to hearing from you. Please feel free to contact me by phone or set a student loan law appointment at either of our Oregon offices in Portland or Salem or at our Vancouver, Washington law office. Visit our new student loan law website at http://www.studentloan-lawyer.net