Student loan debt and in default? Or is it just so much that you are overwhelmed? 

If so, check out the new "Paying for College" tool on the website of the Consumer Financial Protection Bureau (CFPB). Particularly if you have federal loans, there are many repayment options. You don't have to feel powerless or that you are in a hopeless situation; there are things that can be done.

I often have student loan borrowers come into my Houston law office that have let the situation get out of hand, and are being garnished or even being sued by the government or by their private student loan lendersAn.

And if you default on federal student loans, the Department of Education can put an "administrative wage garnishment" or AWG on your paycheck for 15% of your disposable pay, without even filing a lawsuit against you! The DOE can also take your federal tax refunds to apply to your student loan debt, again, without going to court against you.

There is no need to let it get that far, at least if you have only federal loans. First step, seek help on the CFPB website. If that fails, call our office anytime at 713-772-8037 and make an appointment to come see us.

Have you had a problem repaying student loans? What happened? Were you able to work it out? We appreciate your comments!

J Thomas Black
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Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization
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