Resolving Defaulted Federal Student Loans

(668 Ratings)

Produced on: February 06, 2018

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 61 minutes
Difficulty Intermediate

Thousands of students and former students across the U.S. are falling into default on their loans, causing large collection fees to accrue, and putting those debtors at risk of wage garnishment. Many debtors feel that their financial future is  constrained by a lack of options in resolving these debts.

This course, taught by NYC debt relief attorneys Simon Goldenberg, Stephen Basedow, and Jared Louzon, provides an overview of the options that are generally available to resolve defaulted federal loans, as well as helpful tips on how to avoid common pitfalls in the process.


Learning Objectives:

  1. Distinguish between federal student loans, private loans, and tuition debt
  2. Review relevant parts of the Higher Education Act such as statutes of limitation and bankruptcy
  3. Consider the consequences of defaulting on federal loans, such as collection costs, wage garnishment, and negative credit reporting
  4. Explore the different kinds of debt forgiveness, such as disability discharge, public service, false certification, and more
  5. Discuss of consolidation, rehabilitation, and settlement
  6. Identify the benefits of income-based repayments plans


Faculty

Simon Goldenberg

Law Office of Simon Goldenberg PLLC

Attorney Simon Goldenberg is passionate about consumer advocacy and concentrates his practice in the following areas:

  • Debt resolution

  • Lawsuit defense for credit cards & student loans

  • Debt collection harassment

  • Business Debt Relief

  • Consumer Bankruptcy

Attorney Goldenberg has also completed training in the field of Credit Scoring and Credit Restoration. Mr. Goldenberg's wide range of knowledge on credit issues enables him to search for nuances in credit law to provide clients with the high level of representation that they require. Mr. Goldenberg is a graduate of Hofstra University School of Law and is admitted to practice in the State Courts of New York and New Jersey, as well as the Federal Courts in the Southern District of New York, Eastern District of New York, and District of New Jersey.


SPECIAL RECOGNITIONS:

Superlawyers has selected Simon Goldenberg as a "Rising Star in New York" for the years of 2014, 2015, and 2016 for his contributions to consumer law. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Through Avvo.com, Simon Goldenberg has been honored to be conferred with the Client Choice Award for Bankruptcy and Debt Settlement for the years of 2013 through 2016. The American Society of Legal Advocates has conferred the designation of "Top 40 Under 40 Bankruptcy Lawyers" for 2015 to Simon Goldenberg. Martindale-Hubbell and Lawyers.com has recognized Attorney Goldenberg with a Client Distinction Award for providing excellent quality of service and communications with our client's.



Stephen Basedow

Law Office of Simon Goldenberg, PLLC

Stephen W. Basedow, Esq., is an associate attorney at the Law Firm of Simon Goldenberg, PLLC. He concentrates on matters involving consumer debt litigation, real estate transactions and consumer bankruptcy law. He is a graduate of Chaminade College Preparatory School, the University of Texas at Austin, (B.A.) and Hofstra University School of Law, (J.D.)

He is admitted to practice in New York State and the Southern and Eastern Districts of New York. Prior to joining the firm, Mr. Basedow served as an associate at Fox Rothschild, LLP and Lieb at Law, P.C. In addition to his work as an attorney, Mr. Basedow is licensed by the State of New York as a Real Estate Instructor and Broker.

Jared H. Louzon

Law Office of Simon Goldenberg, PLLC

Jared H. Louzon, Esq., is an associate attorney at the Law Office of Simon Goldenberg, PLLC.

He concentrates on matters involving:

  • Defending debt collection lawsuits
  • Credit card and student loan debt negotiations
  • Resolution of defaulted federal loans
  • Enforcement of consumer protections laws under the FDCPA, FCRA, and TCPA

Attorney Louzon is a graduate of CUNY - Brooklyn College (B.A.) and Hofstra University School of Law (J.D.). He is admitted to practice in New York State and in the Southern, Eastern and Northern Districts of New York.


Reviews

AF
Amy F.

excellent presenters

KD
Kenneth D.

Best one form this presenter

EA
eric a.

Great program!

RH
Richard H.

Important program.

FB
Frederick B.

Important information.

DL
Dawn L.

Very valuable information.

CA
Crystal A.

It is difficult to have 3 presenters. I think they did an excellent job.

LO
Loretta O.

Informative

PC
Pauletta C.

very informative

SG
Steve G.

Informative

JM
Julie M.

Very informative! I'm glad there are attorneys like these out there who are passionate about helping people with this crippling debt. Great session!

GD
Gerardo D.

Informative

NG
Natasha G.

Liked that there were 2 people

BG
Bradley G.

well organized and informative

LH
Liz H.

I actually downloaded this information to peruse again later. This is an issue with COUNTLESS people at the moment, including attorneys themselves. Thank you for an excellent course!

GC
Gahan C.

It was very informative and depressing.

MG
Mark G.

Very helpful

CE
Catherine E.

Very informative program on dealing with defaulted student loans--this is not an issue for me personally, but in my practice and personal life, this comes up more often than you might think.

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