If all you want is an affordable payment plan, ask about income-based payment. This bases the month-to-month repayment on a percentage of your discretionary earnings, which is the quantity by which your adjusted gross income surpasses 150% of the poverty line. This is an affordable amount for most borrowers, since it is based on your earnings, not the amount you owe, and usually is less than 10% of gross earnings. If your income is less than 150% of the poverty line, your month-to-month payment is zero under earnings-based payment. To get income-based repayment, you may require to rehabilitate your loans first. This may mean spending a higher monthly payment for 9 months before being able to switch to income-based payment.
I had no idea where to start with my bankruptcy and process. After my first meeting with DJ I felt confident that things were going to go well. He helped guide me through the entire process and time.
He's very professional and courteous, thorough and extremely knowledgeable.
I would recommend anyone that needs a bankruptcy lawyer/ student loans.
Don't have a second thought when choosing DJ Rausa!
D.J. Rausa is recognized as a legal expert in Student Loan Debt Resolution and the associated Bankruptcy Laws.