Student Loan Modification

Student loan debt continues to be one of the highest types of consumer debt in the U.S. with the average student loan debt reaching a staggering $35,359 per borrower. At a time when college graduates should be getting apartments and beginning their adult lives out in the world, more and more are left with little choice but to live at home with their parents while they take many years to pay off their student loan debt.
There’s a better way.
Miller, Hollander & Jeda now offer student loan modification. If you are struggling to pay off your student loans, we have three options you may qualify for:

Miller, Hollander & Jeda Student Loan Modification Benefits

It’s easy. We’ve streamlined the process with one application that can be done online. We take care of everything and can see
which of your loans may qualify. We also help with the required yearly financial updates for the life of the loan.
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You save
money

Depending on circumstances, penalties may be waived and interest rates lowered to bring you lower payments and huge savings.
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You avoid wage garnishment

If federal loan payments are late, your wages may be garnished for payment. We work with you to figure out a solution that can prevent this from happening.
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We do it
all

We can do modifications as part of your bankruptcy, separate, or alone.

Miller, Hollander & Jeda Student Loan Modification

LOAN FORGIVENESS

Under certain circumstances, loans may be forgiven which means the borrower is no longer responsible for repayment and it doesn’t damage his or her credit like a discharge would. Loan forgiveness may be offered to professionals in the following fields if criteria are met:

  • Teachers
  • Healthcare workers (Doctors, nurses, dentists, mental health professionals)
  • Government employees for local, state, and federal government
  • Public service sector
  • AmeriCorps and Peace Corps volunteers

LOAN CONSOLIDATION

By the time most people begin paying on their student loans, whether they have graduated or not, they often have many different loans all with different payoff dates from several different loan servicers. By consolidating those loans, the borrower can have one convenient monthly payment and because we can do consolidations at the Prime interest rate, the borrower can save thousands in interest alone over the life of the loan. Your loan will also come current if you’ve fallen behind on payments.

LOAN REHABILITATION

The borrower may be eligible for loan rehabilitation. To rehabilitate, or repair a loan, the borrower agrees to pay a specified amount based on income. After making on-time payments for 9 months, the loan will be considered paid and the derogatory default information will be removed from the borrower’s credit report.

If you feel like you’re drowning in student loan debt, call

Miller, Hollander & Jeda at (239)775-2000

and get control of your finances today.