Student Loan FAQs

Commonly Asked Student Loan Questions

Student loans have strict repayment requirements and typically cannot be discharged in bankruptcy, making them a serious source of stress for many of our clients. Keep reading for answers to some of our clients’ most common questions and a more complete understanding of your student loan options.

What type of student loans do I have?

There are many types of federal student loans, and your interest rate and repayment options may be dependent on which types of loans you currently carry. Some options available through the U.S. Department of Education include direct subsidized loans, direct unsubsidized loans, direct PLUS loans, and direct consolidation loans.

What are my repayment options?

The federal government offers numerous repayment options to accommodate people of varying income levels and family sizes. Many repayment options have income restrictions and are only available for certain types of student loans. Some repayment plans include the standard repayment plan, the graduated repayment plan, the pay as you earn repayment plan, and the income-based repayment plan.

How can I get my student loans out of default?

Once a loan is in default, you are at risk of additional financial issues, including wage garnishment or tax refund intercepts. There are three ways to make a loan current. First, you can repay the current due amount, although this obviously isn’t an option for most people in default. Second, you can consolidate your loans—but you can only do this once. Finally, you can do a rehabilitation program.

Can my student loans be forgiven?

If you work for a non-profit organization, work for the government, or work as a teacher, you may be able to have your loans forgiven through a public service loan forgiveness program after 10 years of on-time payments.

Why should I choose Ciment Law Firm to handle my student loans?

Our team has experience with all types of federal student loans and is well-versed in the various repayment options available to borrowers. We offer a free consultation, so you can feel confident about your choice and know that you’ve chosen a team that’s dedicated to your success and financial freedom.

Are you ready to get assistance with your student loans? We’re here and ready to talk. Contact us today to get your Federal Student Loan Analysis and schedule your free consultation.