Student Loans: Debt Collection & Debt Lawyers

Avoid Student Loan Debt Lawyers

The cost of going to college has never been higher, and students are taking on an unprecedented amount of debt in order to obtain both undergraduate and graduate degrees – despite the risk of debt lawyers hounding them after graduation. After all, the promise of the American dream is that once you graduate from college or get an advanced degree, doors will open and you’ll have virtually limitless earning potential. Debt lawyers are never part of the equation. Unfortunately, the reality is that today’s graduates are entering the job market at a time when the unemployment rate for recent grads has skyrocketed. Even those who do find jobs are often barely able to make ends meet – and are unaware that debt lawyers are lurking in the shadows. And before former students know it, their student loans come due and debt lawyers are calling and sending letters. The result? An increasing number of graduates are up to their eyeballs in debt, and quickly fall behind on their student loan payments. Those who have default student loans may be hounded by debt lawyers willing to do or say anything to make a buck.

Loans from the U.S. Department of Education

When you’ve decided not to continue your college education, you’ve graduated, or you’re attending college less than half time, the repayment clock starts for loans held by the U.S. Department of Education. Some types of loans require that you start repaying them in six months, while others require that you start repaying them in nine months.

If you’re falling behind in your student loan payments or if you have default student loans, there are several things you need to know. Click on a link below to learn more.

Student Loan Debt vs. Other Debts – Student loans are unsecured by real property, but they are different from other types of unsecured debt. Learn why the statute of limitations and even bankruptcy don’t apply to student loans.

Department of Education Debt Collection – The Department of Education has the power to garnish your wages or ask the IRS to seize your tax refunds. Learn about your rights regarding wage garnishment for student loans.

Disputing a Defaulted Student Loan – There are three legitimate reasons to dispute a student loan. Learn if you could qualify for a student loan dispute.

Student Loan Collections and Debt Collection Agencies – The Department of Education outsources student loan collections to third-party debt collection agencies. Learn about the lucrative education contracts awarded and the collection agencies to which they’re awarded.

If you or someone you know is being harassed by student loan debt lawyers, complete our online form or call 475-277-2200. Lemberg Law’s legal team will evaluate your case at no cost to you, and will help you get the justice you deserve.