As you grow up you’re told over and over by nearly every adult you meet that you need to go to college to get an education if you ever hope to make something of yourself and have a good life. However, according to the National Center for Education Statistics, it used to be that a four-year college experience including tuition, fees, and room and board would cost less than $20,000 for any private institution, and that is the most expensive it got. Now, that number has nearly doubled, with no sign of it stopping anytime soon. The cost of living has followed the same trend seemingly on a permanent rise. So how is it exactly that students are supposed to thrive in this country and live the “American Dream” if they can’t even seem to climb above the poverty line? This is a problem over 40 million young people face every day, causing endless stress and anxiety, and slowly driving our country into a place of financial turmoil.
Lucky for many, there seems to be a slight oversight in the system that is saving tens of thousands of students, thousand of dollars. It seems that many people who are being sued for defaulting on loans are actually coming out better for it on the other side. You see, as student loans get passed around from lender to lender, the paper trails become increasingly unclear and harder to track, creating the perfect loophole for struggling graduates to escape the grasp of lenders. Something as simple as a few clerical errors can mean your second chance. Judges across the country continue to dismiss cases, essentially ridding students of their debt, all because vital documents are missing or flawed. Always demand to see the original paperwork proving the servicer owns your student loan, without proof of debt ownership there is no legal cause to pursue debt collection, meaning oftentimes your case will be dismissed.
The reason people often lose these cases is simply because they refuse to fight, meaning they are left to suffer the consequences of their education for decades. Getting an education should never feel like a life sentence, which is why the attorneys at Church and Korhonen, PC, look forward to helping you figure out the best course of action to tackle your student loan debt. Who knows, you may even find yourself free of it completely. There’s only one way to find out, and that’s to fight!
If you are experiencing excruciating student loan debt or are in need of legal advice, call Church and Korhonen, PC, toll-free at 1.800.758.5611 or simply fill out the form in the sidebar to begin taking steps to a more sound financial future, greater peace of mind and a fresh start.