Student Loan Debts: Strategies to Pay Down and Eliminate your Student Loan Debt in Aurora
While filing for a Chapter 7 or Chapter 13 bankruptcy may not wipe away your student loans, there are many options that may be able to help you pay them down in Aurora and across Colorado:
Employer Assistance Programs –
Many employers see the value in offering student loan assistance to their employees. It is a benefit for both the employer and employee, as employees are likely to remain at jobs with better benefits. Ask your employer if they offer this type of assistance. If not, and they have no interest in the idea, maybe look for an employer who does. You may be surprised how many companies are already addressing these needs.
If student loans are not the only debt you are carrying, which often it is not, bankruptcy may be a valid option for you. With a bankruptcy discharge, you can wipe out your other debt, leaving you with more of your income to pay down your student loan debts. While bankruptcy won’t wipe out all your debt in this situation, it can give you some relief and allow you to reallocate funds and offer some important debt relief.