On behalf of Law Offices of Mark M. Kratter, LLC on July 26, 2013
Norwalk, CT Attorneys Help Students Pay Back Loans without Drowning in Debt
Pursuing an education is an integral part of the American Dream. Getting a college degree in order to seek knowledge and fulfill one’s dreams is the right of every American citizen, and people come from all over the world desiring to pursue this freedom. However, the cost of this dream can be steep. Most students have to obtain loans in order to fulfill their desire for a college degree, and, unfortunately, due to the recession, the bleak job market, and high interest rates, most of these young people are struggling to pay them back.
The difficulty in students paying back their college debt is fast becoming an economic time-bomb that makes our nation’s credit card debt seem small by comparison. Federal and private student-loan debt is approaching the US$1-trillion dollar mark, and represents a threat as serious as the recent mortgage bubble’s bursting. With student loan debt looming so large, how can any individual student break out of the prison of endless payments and skyrocketing interest rates?
The Fairfield County, Connecticut bankruptcy lawyer Mark M. Kratter works with current and former students to restructure their payment plans, seek loan modifications, or file for bankruptcy in order to manage and successfully pay off their growing student loan debts.
Unforgiven Debt
It is possible to defer student loan debt, or, if one’s financial affairs are properly restructured, student loans can become part of a more manageable payment plan. Because bankruptcy does not get rid of student loans, but instead, will eventually have to be paid unless fraud is proven, you are going to have to pay back your student loans. The Norwalk Bankruptcy Attorney Mark M. Kratter can help you deal with these loans in a way that is workable and prevents massive interest from accumulating. We can also help you with the process of filing for bankruptcy if it becomes necessary. We know how hard it is to begin a new career in the world while attempting to pay off student loans, and we do everything within the law to make sure that these loans do not hamper your life, but become a thing of the past.
Helping Connecticut’s College Graduates Manage Student Loan Debt
To begin the process of better managing the repayment of your student loan debt, contact the Norwalk, CT debt relief attorney Mark M. Kratter today at (203) 859-2312.
