Ask Experts Questions for FREE Help !
Ask
    janice_clinton2's Avatar
    janice_clinton2 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Dec 14, 2008, 05:35 PM
    Student Loans
    What type of lawyer can I get to help me settler my dept for a student loan that is over 20+ yrs old.
    janice_clinton2's Avatar
    janice_clinton2 Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Dec 14, 2008, 05:41 PM

    Is there any way that a lawyer could help in getting the interest lower on a student if that person that owe the dept is hearing impaired and was not able to finish college because of it.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #3

    Dec 14, 2008, 05:43 PM
    Quote Originally Posted by janice_clinton2 View Post
    is there any way that a lawyer could help in getting the interest lower on a student if that person that owe the dept is hearing impaired and was not able to finish college because of it.

    Assuming it's some sort of Government based or guaranteed loan - the brief answer is no. Student loans cannot be discharged by bankruptcy and there is no Statute of limitations on them - they go on forever.

    If you use the search feature above, next to the AMHD logo, search student loans, you will see the various answers to other people in similar circumstances.

    EDIT: Have you been paying on it for 20 years or have you defaulted and they just caught up with you - ?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Dec 14, 2008, 05:50 PM

    First its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.

    Can you explain the situation in greater detail? Have you tried negotiating with the creditor?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #5

    Dec 14, 2008, 06:15 PM

    A magic lawyer ? A government backed student loan does not go away, you can not get rid of it even in bankruptcy. Ignoring it only makes it get late fees, and other fees added.

    Setting up a payment plan is the best way of dealing with it.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Student loans got the best of me? [ 1 Answers ]

I thought getting a degree in Nursing would set me free. The laugh is on me... I am in debt up to my ears with student loans. I wonder if there are any options out here for me??

Student Loans [ 2 Answers ]

I have Canadian/Ontario Student loans that have been "sold" to debt collection agencies. I had somenegative experience with them (they were really rude when I wasn't paying) so I stopped taking their phone calls. Now they are threatening legal action. What is the statue of Limitations on this...

Student Loans [ 2 Answers ]

My total monthly bills add up to more than I make, now that my student loans have come out of forebearance. I really want to start paying them down but cannot afford the $160/ month they require. Before this last time I went on forbearance, I offered to pay $50 per month and the student loan...

Student loans [ 1 Answers ]

My husband has a student loan that has been in collection for a few years. He is VERY irresponsible with money, and has not made much headway in paying it off. Does anyone know if a student loan can be cancelled after a certain amount of years, or would he have to file for bankruptcy to get rid of...

View more questions Search