Many student loan relief programs only assist borrowers of federal loans, leaving private student loan borrowers feeling helpless. With McCarthy Law, we focus on student loan debt negotiation for privately issued student loans and may be able to help you regain control of your finances.
Not only will we offer you protection should a lawsuit be filed, but one of our licensed attorneys will contact your student loan lenders to start the negotiation process. Reducing your private loan balance to a more manageable amount will be our main objective. Once a settlement is agreed upon, you will benefit from having to owe just a fraction of your previous balance. The remainder of the debt will be forgiven by the lender, leaving you with a new sense of financial freedom.
Are your student loan payments causing unneeded stress in your life? If your student loan debt amount feels overwhelming, McCarthy Law can provide you with practical legal advice and create a strategic plan to help you reduce your debt.
We understand how crippling PhD and graduate student loan debt can feel. That’s why our team of skilled student loan attorneys will do the negotiating for you. Our fees are lower than anyone else in the industry-including non-lawyer debt settlement companies-but we will match them if you find someone cheaper. Call (855) 976-5777 or complete an online contact form for a free debt consultation.
Many graduate students finish school with over $100,000 borrowed in student loans, only to find that the median full-time annual salary for recent graduates ranges from just $55,000 to $65,000 a year
Graduate school enrollment is growing rapidly, yet paying for graduate school is still much more challenging than paying for undergraduate college. Since paying graduate programs offer fewer resources like grants and scholarships, look what i found many students rely on student loans. Only 15% of students enroll in graduate programs, yet 40% of federal student loans issued each year go to financing PhD and master’s degrees-amounting to over $37 billion owed annually.
When you’re struggling with student loan debt, it can be difficult to know when or where to find help. McCarthy Law may be able to help you regain control of your student loan debt if you are experiencing any of the following:
- A starting income that is significantly lower than your debt balance
- A lender suing you for defaults
- Harassment from a debt collection agency
- A dispute with a loan servicer
- Confusion about your legal rights or options for a defaulted student loan
- Uncertainty about your eligibility for student loan repayment or forgiveness programs
Unlike other student loan assistance companies, our team of skilled attorneys is overseen by state licensing boards and held to strict rules about confidentiality and accountability. Unlicensed companies don’t offer protection against mistreatment or fraud, but McCarthy Law is equipped to defend you should any of these instances arise.
How Can You Have Your PhD or Graduate Student Loans Forgiven?
When a student loan is forgiven, it means that, as the borrower, you are no longer required to repay some or all of the loan. There are quite a few student loan forgiveness or discharge programs that you could qualify for, including:
- Public Service Loan Forgiveness (PSLF): For full-time employees of the United States federal, state, local, or tribal government or non-profit organizations that hold federal student loans and have made 120 payments under their income-driven repayment plan. Apply here if you think you may qualify.
- Teacher Loan Forgiveness: Full-time teachers that have worked 5 consecutive years in a low-income school may be eligible for up to $17,500 forgiven from their federal student loans. To apply, submit this form to your loan servicer.