Federal Student Loan Forbearance

Forbearance is a temporary fix for one’s student loan troubles. It is used to keep the loan out of default. A deferment is another option that occurs when the lender temporarily allows the borrower to stop making payments for a period of time. With subsidized loans,...

About Private Student Loan Default

There are some alternatives for private student loans that aren’t available for federal student loans. Private student loans aren’t eligible for forgiveness programs. However, negotiation on a lump sum settlement, reduction of principal and affordable payments, or...

Student Loan Default in Minneapolis

The consequences for defaulting on your student loans are huge. Most student loans are considered in default when the borrower fails to pay for 270 days. When the loan goes into default, it is then assigned to a debt collector, which can add collection fees to the...

Student Loan Forgiveness in Minneapolis

A major perk of working in public service and as a teacher is student loan forgiveness. Congress enacted a variety of different student loan forgiveness programs. Our student loan attorney at Hoverson Law Offices, P.A. can explain these programs to you and determine...