GraduationToday, 71% of students graduating from 4 year colleges have student loan debt.  According to The Project on Student Debt, the average student loan debt for a college graduate is $29,400.  However, student loan debt is not only a problem for recent graduates.

In recent years, there has been a sharp increase in the number of older Americans who have student loan debt from financing their own education or the education of their children.  As of 2013, people over the age of 65 had $18.2 billion in outstanding student loan debt.

If you have student loans and are approaching retirement, it is important to know that your social security benefits can be garnished by 15% for defaulted federal loans.  In 2013, more than 155,000 social security recipients had their benefits garnished due to student loan debt, as discussed by US News & World Report.

If you have federal student loans in default, there are programs available to rehabilitate your loans, get them out of default, and into an affordable repayment plan.  Our office can help you figure out the best way to tackle your student loan debt and protect your future social security benefits.  Contact us to schedule a no-cost consultation to find out how we can assist you.

Read More about Student Loan Debt Relief | Teacher Student Loan

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Student Loan

The common misperception that once a student takes out a student loan, they are obligated to pay it all back no matter what the circumstances are. This is not completely true. While a lot student loan debt may not be forgiven through bankruptcy, attorney Chris Bush at DebtDoc may have many ideas to help you reduce or get rid of your debt.

However, it is still important to note that the process of relieving student loan debt is different from the process of discharging other types of debt and will require a very detailed analysis of the many types of student loans as well as an examination of the history of the loans.

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If you’re late on your car payments, come in for a Chapter 13 consultation!

Compassionate. No-nonsense. Great job. Saved me $85K!

I had three choices: two large groups, or DebtDoc. I chose DebtDoc because of their numerous excellent reviews from clients as well as other attorneys. Also, I wanted someone to provide personal service and have a vested interest in my difficult student loan case.

I certainly made the right choice. DebtDoc's attorneys personally answered two of my phone calls and regularly answered my emails, even on one Sunday evening.

After 30 years of student loan "prison", he got me freedom AND he even got the US Dept. of Justice to dismiss 25% of my loans, which saved me $85K.

I feel like I have a new lease on life because of DebtDoc. I wish I could recommend 10 stars.

Client Testimonial

To whom it may concern,
DebtDoc's attorneys are extremely knowledgeable with the complexities of Federal Student Loans.
I went from a thriving career to full medical disability, ending with an SSDI placement. Unfortunately, I lost everything and became unable to continue making the student loan payments, so it was in deferment for over five years. When the SSDI settled I tried to negotiate an affordable payment plan with the loan holders but they refused my efforts, instead demanding over twice the amount I could afford.
I contacted DebtDoc and found them to be courteous, responsive and quick to assess my situation. They were sure they could help and took time to answer all questions, which relieved much anxiety. Within months they successfully resolved the debt! With much confidence, I highly recommend DebtDoc.
Sincerely,
 CJWaldenSignature
CJW