Many Minneapolis area college graduates continue to struggle under the terms and obligations of student loans. As the costs of higher education continue to spiral upward, graduates everywhere are struggling more than ever to repay those debts. Even with a steady job, the burden can be overwhelming.When this is the case, you need to seek out professional help from an attorney specializing in student loans. A skilled and experienced attorney can assist you in finding ways to make that debt more manageable.The kind of help you can receive will depend on the kind of loans you have.Because so many graduates are in over their heads with Federal Student Loans, the U.S. Department of Education has developed several programs to address this ongoing problem. Once you determine what kind of federal loans you have, an attorney will be able to advise you as to the best course of action.If you have Private Student Loans, they will need to be addressed in a completely different way. Unfortunately, repayment and forgiveness options for private loans are limited and factors will vary widely from different lenders and collection agencies.In cases where you cannot reach an agreement with private lenders, a Chapter 13 bankruptcy may be the best possible solution, forcing the private lender to work with you to accept an affordable payment. With the help of a student loan and bankruptcy attorney, you can set up a restructured loan repayment program that can last for as long as five years. In cases like this, some of the debt may be discharged through the bankruptcy process, but still ensure that creditors are paid some portion of what they are owed. While the bankruptcy case is being resolved, debt collectors are prevented from all collection activities, giving you immediate relief.An attorney may also be able to help you get some of the student loan debt forgiven if you can prove undue hardship, possibly due to disability, family issues or other financial circumstances that place an extreme hardship on you or your family.Hoverson Law Offices proudly serves the city of Minneapolis and surrounding Minnesota communities.