Student Loans

Medford Student Loans Lawyer

Drowning in Student Loan Debt? Call Oakes Law Office, PC for Options

Millions of Americans have financed their way through advanced education with student loans. As of 2020, the amount of outstanding debt of this nature reached upwards of $1.5 trillion according to financial experts. For many, this means starting their careers already burdened with overwhelming debt while trying to make ends meet.

Others who find it difficult to find work or pull in salaries that can make payments possible along with meeting their other financial needs face an even more difficult situation. Finding solutions to overwhelming student loan debt, therefore, is extremely valuable to these individuals and their families.

Give our firm a call at (541) 204-2037 or contact us online to schedule a consultation with our experienced Medford student loan attorney. Serving Klamath Falls, Medford & Surrounding Cities

At Oakes Law Office, PC, our Medford student loans attorney is well-versed in this matter. Our firm can offer information and guidance in potentially handling student loan debt through bankruptcy as well as through other options. Every case is unique and you will need to consult with Attorney Karen Oakes about your individual situation.

After discussing the particulars of your case, it can be determined how best to approach your debt situation through appropriate legal action or other available methods. Our attorney has over two decades of experience in handling debt relief for clients throughout Jackson County.

Can You Discharge Student Loan Debt Through Bankruptcy?

Courts are very reluctant to discharge student loan debt. However, it may be possible to reduce or eliminate student loan debt through a Chapter 7 bankruptcy filing though it is a difficult prospect in an already complicated legal procedure. Only under specific circumstances will you be able to claim a student loan under bankruptcy law.

Those circumstances include proving that paying your student loan debt will cause “undue hardship” on you or your dependents. Whether or not you qualify for undue hardship is decided by the courts on a case-by-case basis. The test applied to determine if you face undue hardship varies from court to court and even judge to judge so no clear legal standard exists.

For example, you may have to prove that you will not be able to keep even a minimal standard of living for yourself and your dependents if you must also pay off student loans along with other expenses and that this situation will go on for a long timeframe well into the future. Others may qualify due to permanent disability discharge options.

Even if you qualify under the undue hardship test, your case will be reviewed by the court for other factors, such as if you have made other efforts to resolve your debt. These other good-faith efforts may include seeking alternative payment options through your debt service agency. In the end, if you are successful, you may receive only a partial discharge.

Need solutions for unmanageable student loan debt? Book a consultation with our Medford attorney online or at (541) 204-2037 to learn your options.

What Are Alternative Options for Getting a Handle on Student Loan Debt?

These options include:

Loan Consolidation

Consolidation for those who have multiple loan payments. This consolidates all your student loans into one with only one monthly payment and is generally available to those with federal student loans.

Changing Payment Options

Changing your payment options. Different repayment plans are available for those with federal student loans.

These can include:

  • Fixed monthly payments
  • Graduated payments (these start with a lower amount and increase to a higher amount over time)
  • And extended payment options

Deferment of student loan payments

Deferment of student loan payments for up to three years in cases where you are suffering financial hardships such as being unable to find work.

Forbearance of student loan payments

Forbearance of student loan payments that can postpone or reduce what you pay under eligibility requirements as set forth by your lender.

Loan forgiveness

This generally applies only to those with federal student loans working in government agencies or public service.

Turn to Oakes Law Office, PC for Student Loan Debt Solutions

Being financially strapped due to overburdened student loan debt can be an extremely stressful situation. If you and your dependents are suffering economically because of this, you need to explore your options. Our debt relief attorney can provide the legal help you need to find ways to resolve your financial crisis so that you can move forward in life and create a brighter future for yourself and your family.

Contact our team online or at (541) 204-2037 to learn more about student loan law and get started today.

Clients Share Their Experience

  • “Karen Oakes is an outstanding bankruptcy lawyer, one of the tops in the field. She fights really hard for her client’s rights. You can’t go wrong with Karen.”

    - Illaine U.
  • “They allowed me to start over and gave me the knowledge to rebuild and helped me forgive myself for the mess I made from being irresponsible with my debt.”

    - Martha G.
  • “We are so grateful for everything you have done for us in a very concerning time. You all have made our last 3 years so calming.”

    - Greg & Denise B.
  • “I was so pleased with the entire experience.”

    - Jain S.
  • “A big thank you for all your help! Karen is very professional with a splash of personality and her staff is so helpful. All a delight to work with!”

    - Becky H.
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  • American Bar Association
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  • 1st Lieutenant Bankruptcy Boot Camp
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