Discharging Student Loans in Fort Lauderdale
Speak with a Fort Lauderdale Student Loan Lawyer!
When it comes to student loans, borrowers are granted numerous protections
by the Higher Education Act (HEA). Perhaps the most powerful of these
protections is the ability to discharge, or completely remove, a student
loan debt. While the circumstances that would qualify you to discharge
a loan are rare, these protections could prevent you from being saddled
with an immense financial burden for years to come. If you think you qualify
for a student loan discharge, you should speak to a Fort Lauderdale student
loan attorney as soon as possible.
The skilled Fort Lauderdale student loan attorneys at
Loan Lawyers has helped more than 5,000 clients pursue their best interests and regain
their financial independence, and they can help you too! With more than
100 years of combined experience, our team can put the laws and programs
to work to protect you and your rights when you are struggling under financial
debt, including debt from student loans. We believe that everyone who
pursues an education should not have to suffer from the monetary costs
for the rest of their life in order to do so, and we work with each of
our clients to develop a personalized and unique strategy to help them
obtain the outcome they are seeking.
Find out if you can discharge all or part of your student loans today!
Call Loan Lawyers at 844-FIGHT-13 (844-344-4813) to request a free consultation
and learn about your student loan debt options.
When Can You Discharge Your Student Loans?
Student loan debts are different from many other types of debt in that
they usually cannot be discharged through traditional means. Even declaring
bankruptcy, which can discharge any other unsecured debt like credit cards
or auto loans, usually cannot discharge student loans, making them a difficult
obstacle to overcome. When it comes to student loans, discharge becomes
an option most often when the debt is no longer justified for one of several
reasons, such as inability to complete the education.
You may qualify to discharge your student loans in these situations:
Disqualifying status: In order to qualify to obtain a student loan, the educational institution
you wish to attend must certify that you meet certain legal requirements.
If you are ineligible for employment in your state of residence or for
an occupation in the field in which you have chosen to study, you could
have your loan discharged. This places the onus on lenders to make sure
that those they issue loans to meet all legal criteria. Other factors
such as age, physical condition, and criminal record could also lead to
a loan discharge as well, but the details are very specific. You should
speak to an attorney to find out more.
Identity theft: If someone else used your identity to apply for and obtain a student loan,
odds are they likely took off with the funds and left you with thousands
of dollars in debt that you never actually obtained yourself. In these
instances, a lawyer can help you certify that you did not obtain the loan,
you did not authorize the loan, you did not benefit from the loan, or
you had no knowledge of the loan being taken. If you can show this as
well as show a verdict or judgement that demonstrates you were the victim
of identity theft, your debt could be discharged, freeing you from the
School closure: Some for-profit educational institutions are run like businesses, and
businesses can close for numerous reasons. If you were unable to complete
your educational program at one of these private, for-profit institutions
when it closed, you could be eligible to have your loan discharged.
Unpaid refunds: If your education institution owes you a refund and they fail to pay it,
you could have all or part of your loan discharged instead to make up for it.
Permanent total disability: If you are permanently and totally disabled and lose your ability to work,
you could potentially have your loan discharged. Once you are declared
permanently and totally disabled and have your loan discharged, your status
will be monitored for up to three additional years. If your status changes
and you are able to return to gainful employment, your loan will be reinstated.
Our team is standing by to help you! Contact Loan Lawyers now to learn
more about whether or not you may be eligible to discharge your student loans.