Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Paying Off your Student Loans

Going to college is an expensive experience. Although rewarding, many individuals find themselves in substantial debt after graduating from a four year college. In this economic down turn we are facing, finding a job after graduation can be a difficult experience. As such, paying off student loans can be a difficult task with no job and interest beginning to accrue.

While in school, it can be easy to forget or ignore the total amount of student loan debt you have. That figure is a far off number that you will have to worry about at a later time. However, after graduating, these loans will quickly catch up to you. So after graduation, here are a few steps you can take to help pay off your student loans:

  • Figure out exactly how much you owe and who you owe it to. Talk to your lender for this information and get all information regarding how long your grace period is and when your grace period begins. Usually, grace periods begin after graduation, but each lender is different. Also, inquire about the interest rate on each loan you have taken out.
  • Subsidized or Unsubsidized? Figure out if your loan is subsidized or not. Subsidized means that the government will pay for your loan while you are in school and for the following grace period. Unsubsidized means that interest accrues while you are in school and will be your responsibility to pay off after graduation.
  • Apply for Income Basement Payments which signify that you can make payments that comprise only 15% of your income.

Contact Us

Debt of any kind can be frightening, but fortunately, there is help available. If you are struggling financially, call the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC We can help you assess your situation and determine the best course of action. To learn more, contact our offices today by dialing (205) 324-4000.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
Robin M
"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
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I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
"I would like to thank Greenway Bankruptcy Law, LLC for the way in which they handled my bankruptcy case."
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000