If you thought there was an easy way out of your student loans, we have bad news for you. If you live in New York and are struggling with your student loans, there are some things you need to know.
I’m Behind on My Private Student Loans and Things Don’t Look Like They’re Getting Better!
Between the pandemic, unemployment, possible medical bills, skyrocketing inflation, and many other catastrophic things that have happen lately, it’s no wonder that people find themselves struggling. But ignoring your debt will eventually only make the problems worse. You’re going to have to deal with you student loan debt and the sooner the better.
Isn’t There a Moratorium on Paying Back Student Loans?
On April 6, President Biden signed an extension to the payment freeze on student loan paybacks until September 1, 2022. This moratorium started in May of 2020 as a response to the COVID crisis. However, this is a freeze on federal student loans. If you also have private student loans, this moratorium does not apply to you.
So What Can a Lawyer Do About My Private Student Loans?
One of the first things you should do when you’re ready to deal with your student loan debt is to review all your private loan agreements. Having a student loan attorney by your side for this will make it much easier and faster go through. Your lawyer should be able to quickly review all your loan documents and find the most effect path for your next steps. Here are some options your lawyer has:
Your student loan lawyer can also negotiate a settlement with the lender, so you don’t have to end up in court.
What to Do Next
If you are struggling with overwhelming student debt and don’t know where to turn, the time to act is now. Reach out to New York student loan attorney Ronald Weiss for a free consultation. He can guide you through the available options for your specific needs. Ron can get the process started and will be at your side the whole time. Call 631-271-3737 and take the first step to a fresh start.