Relief May be Coming for Your Student Loans

For the past couple of years, student loans have been in the political hot seat.

The Biden Administration and many consumer rights advocates have long said student loans were a significant burden for individuals looking to move up the economic ladder.

But for many people, providing relief for student loans was a giveaway to people who signed contracts and had obligations to repay the loan.

But, unlike just about any other debt, there was no ability to discharge most student loans through the process of bankruptcy protection. You could get a fresh start with your credit card and car loans, but not your student loans.

As we turn to 2024, this issue has not been solved, but many different items on the horizon might affect your student loans. Forbes did a great job in addressing these issues here, but it’s still important to reach out to The Orlando Law Group if you need help.

Our attorneys at The Orlando Law Group can look at your unique situation and determine what might be options for you to bring relief to your student loan debt and other debt issues.

How do Student Loans Work?

There is no doubt that student loans are complicated. Some depend on your financial situation when you took the loan. Some are backed by the federal government; some are done through private means.

There are four basic loans to consider:

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