Student Loan Debt

Many recent graduates (and not-so-recent graduates) have experienced profound disappointment with a job market that has failed to bring them much return on their educational investment — an investment that required them to take out loans. Plenty of others have monthly student loan payments that exceed their monthly housing expenses.

A Serious Financial Burden For Millions

For millions of consumers, student loans are a serious financial burden — a debt that is often far worse than their credit card debt because it seems inescapable. If you are struggling under the weight of a large student loan balance, you may be asking questions like:

  • What can I do for relief if I am overwhelmed with my student loan payments, despite my best efforts to stay on a budget?
  • Can bankruptcy help me deal with student loans?
  • Are student loans even dischargeable in bankruptcy?
  • Can dealing with my other debts help me get on top of my student loans?
  • When it comes to debt relief, is there a difference between subsidized and unsubsidized student loans?
  • Can I lower the interest rate on my student loans? If I can, will that make a big difference?
  • Will consolidating my loans make my life easier?
  • Can a student loan servicer garnish my wages?
  • Is student loan debt considered secured or unsecured?

These are common questions that deserve definitive answers. If you are in need of debt relief, we think those answers should come from a professional, not a phone representative at your student loan servicing company.

Finding Solutions To Troublesome Debt Problems

There is no one-size-fits-all approach to dealing with problematic student loan debt. On the contrary, it is essential to get customized advice about your situation. If you are looking for student loan debt relief options — especially if you have other types of debt — talk to the attorneys of Nowack & Olson, PLLC.

Under current bankruptcy law (and bankruptcy court practices), the opportunity to discharge student loan debt is limited. Nevertheless, we have helped countless clients successfully deal with student loan problems by developing and implementing strategies that address their full financial picture.

Helping People In Fort Lauderdale And Throughout Broward County

Searching for a Florida bankruptcy lawyer who understands student loans? Contact Nowack & Olson, PLLC, to discuss your financial situation.