There is one thing for certain when it comes to your student loans, and that is the fact that they are just not going to go away, and just because you are not able to pay them doesn’t mean the student loan will be forgiven. Even thinking about going bankrupt doesn’t necessarily mean that it will be the solution for your student loan debt.
Professional Guidance
If you have exhausted all other measures of addressing this debt then your next step should be to seek out a lawyer that specializes in student loan debt. This can be difficult to do because it is a difficult matter to deal with in bankruptcy and many lawyers don’t want the hassles that come with this type of bankruptcy. You definitely do not want to go through the student loan debt reduction especially if you are seeking out student loan debt relief through your lender. You can help your case by providing your legal counsel with as many details pertaining to you loan as possible, and what steps you have taken to address this financial issue. It may be that there are some options that are available to you that you are not as yet aware of. A reputable student loan lawyer will advise you of your options and will guide you through the process of negotiating a debt relief strategy that works for your budget.