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Student Loan Debt Management Solutions

Liviakis Law Firm Team

If your student loan debt is giving you constant cold sweats and nightmares, you are not alone. There are millions of students in our country that are bogged down by their crippling student loan debt. Most are constantly looking for ways of easing out their financial burden. Here are a few student loan debt management solutions that might come in handy.

Student Loan Debt Management Solutions

  • If you have multiple student loan debts, consolidation might be the answer to a majority of your worries. It gives you an opportunity of making single monthly payments towards the several student loan debts. It also lengthens your payoff tenure. This ensures that you have a longer time to pay off your debts.
  • It is always advisable to pay off the most expensive student loan first. In other words, you must make it a point to contribute a major part of your monthly payments towards the student loan. Typically this is done with the highest interest rate. Once the costliest debt is repaid, you can move on towards repaying the second most expensive student loan debt.
  • Federal student loans offer a bunch of alternative repayment plans. Graduated repayment, extended repayment, income contingent repayment and pay as you earn to help students repay their debts more effectively. You can try out one of these alternatives if you are on the verge of defaulting on a monthly payment.
  • In certain extreme situations, there is an alternative termed as loan forgiveness. This allows you to request forgiveness, discharge or cancellation of your entire student loan debt. However, you can request loan forgiveness only under certain circumstances. This includes permanent or total physical disability, an impending bankruptcy or a closure of the school before you could finish your degree.

Loan debt of all types can be tricky. If you are struggling to pay your debts, contact our Sacramento bankruptcy firm for more information. We can get you out of debt and back on track.

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Former Office
1215 K St

Sacramento, CA 95814

Phone: 916 459 2364
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#100

Gold River, CA 95670

Phone: 916 459 2364

Client Reviews

Mr. Liviakis is extremely knowledgeable and answered all of the questions that we had about our situation. He made a really difficult time manageable with his help and expertise. I would definitely recommend...

Lindsey Joyner

Mik is a great attorney. Very friendly & professional. Price is was bit high compared to other firms. Probably the highest I've seen. If price your thing, checkout other firms. Other than that, Mik will get the...

Oi Vinn

Mik helped us save our home and settle with creditors during the pandemic after we were forced to close our family business for over a year. I am forever grateful. He was kind and professional and followed up...

Jina and Steven Hale

Mr. Liviakis was timely and professional. He patiently answered questions and explained the process. He provided handouts that clearly outlined due dates. The firm's paralegal was very easy to work with. I...

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I nothing but great Experiences, and great service.

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