If you need help because you can’t afford to pay your student loans, contact a competent a student loan attorney in order to avoid getting ripped off by a debt relief scam. There are many scams that pretend to be able to help you with student loans. Some of these scams even claim that they can eliminate your student loan debts. They are just false claims.
Student loans are general unsecured debts like credit cards. But unlike credit cards, student loans are not dischargeable in bankruptcy. Therefore, you have no leverage with which to negotiate eliminating or even reducing student loan debts. There are a few reasons that your student loans could be eliminated, such as severe financial hardship or the school not providing you with an education that could be beneficial (such as a loan for a blind person to attend truck driving school, or a school closing before you get your degree), but those are exceptions. Generally, the only way to get rid of student loans is to pay them off or have them forgiven by paying on them for 10-25 years depending on which repayment program you’re in.
Some of the student loan scam companies use official-sounding names and fake seals to make you think that they are affiliated with the government and/or their loan servicers. Some of them will even use your loan balance to convince you that they are legitimate, some of them will tell you that they have special access to government officials and/or programs, and some of them will tell you that money you pay them up front will pay down your student loans. Don’t believe any of this!
A competent student loan attorney can get you affordable payments for your federal loans, and might be able to help with your private ones, though private student loans don’t have any of the federal student loan programs to which you are entitled. If you are having trouble paying your student loans, contact a competent student loan attorney today. Don’t get ripped off by scam artists who promise to get rid of your student loans when all they will do is take more of your money.