For many people, student loans are the only way to finance their education. When something happens, like the current economic situation, it can cause a backlog in your payments. Galler Law can help with student loan debt settlement, but it is important to understand your student loan first.
What You Need to Know About Your Student Loans
There are different types of student loans, and this can impact settlement. Some that we deal with often are:
- Stafford Loans – subsidized and unsubsidized options. If the loan is subsidized, the interest is paid by the government if a deferment happens. With an unsubsidized loan, the interest keeps accumulating.
- PLUS Loans – this is a federal loan to those who have good credit. Typically parents take out these loans for their children.
- Perkins Loans – Loans that come straight from the school. Debt collectors can be called in to handle the lack of payment.
Student Loan Analysis
If you are not sure what your situation is, you might want to make an appointment for a Student Loan Analysis. If you are being sued, receiving harassing phone calls, or are in over your head, give Galler Law a call. We help students with debt management in Atlanta by intervening on their behalf if they need a student loan lawyer.