Phone Call Us 414-326-9231
Toll Free 866-678-9352
Text Us 414-277-7742

Are you overburdened by your student loan debt?

Do you feel like you are never going to be able to pay off your student loan debt? Are your high student loan payments preventing you from buying a home or reaching other financial goals? If you answered yes to either of these questions, you are not alone.

As the cost of higher education continues to rise in the United States, students are leaving colleges and universities saddled with larger and larger debts. In fact, the graduating class of 2014 left with an average debt of $33,000 per student, which is the highest average debt ever.

The good news is that there is help available from financial professionals who can make sure you are handling your student loan debt in the best ways possible.

One of the most important things to do is to figure out the right repayment plan for your situation, the senior vice president of told CNBC. While you might be tempted to pay the lowest monthly amount possible, this isn’t always the most cost-effective option.

Another helpful tip is to use the student loan payoff calculators on websites such as or to help you determine how long it will take you to pay off your loans under different payment options, and the interest you will be charged along the way.

Here are a few additional tips to consider:

  • Refinance your student loans under a lower interest rate. Note: this isn’t always possible and typically requires a good credit score.
  • Work a public sector or nonprofit job for 10 years to have part of your loan or your entire loan forgiven.
  • Ask your loan service provider for a deferment if you are going through financial hardships.

Although student loans usually aren’t dischargeable in bankruptcy, it can’t hurt to speak with a bankruptcy attorney who can give you advice on paying off debt and improving your credit score. 

No Comments

Leave a comment
Comment Information

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

Free Case Evaluation

* indicates required field

Milwaukee Office
633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map

Glendale Office
6001 N. Green Bay Avenue
Glendale, WI 53209

Phone: 414-973-8662
Glendale Law Office Map