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Student Loan Rehabilitation

Free yourself from a defaulted student loan with our debt relief help. The Law Office of Mike Wilson helps students repay their federal education loans in a timely manner through student loan rehabilitation. We have helped many college students get out of default and break free from burdensome student loan payments.

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Grace Period

You are typically given a nine-month grace period before repayment begins for federal student loans. During that time, you must work through the process of establishing your repayment terms, which are not necessarily the standard repayment terms set forward in your agreement.

Income-Based Repayment Plans

In 2007, the Department of Education enacted income-based repayment plans. It is possible for you to enter into an income-based repayment plan where your payment is $0.00/month. Many believe this is designed for the new graduate, but that is not the case. The real problems arise when individuals in their 40s have gone through a divorce or have had children. It is important that you have any federal defaults removed before you reach retirement age. At that point, the federal government can still garnish your federal pension. Entering an income-based repayment plan is as easy as filling out a few forms online and ensuring your income tax return is filed on time.

Personalized Analysis

To lead you on the path to a better financial future, we perform an analysis of your student loan situation and determine whether you are in a pre- or post-default situation. We then put together a proposal for rehabilitation, short of applying for Chapter 13 bankruptcy. To learn more about student loans and paying them,  please check out our Reasons to File.

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