You Have Options!

Contact attorney D.J. Rausa and find out the best route to your student loan debt relief.

(619) 295-3322
Student Loan Debt Reaches Record High. No sign of slowing!

The student loan debt crisis in the United States has been steadily worsening over the past 10 years. This month the total outstanding student debt reach a staggering high of $1.465 trillion! Data from the New York Federal Reserve indicates that the unrelenting climb in student loan debt shows no signs of slowing.

Federal Student Loan Portfolio by Aggregate Amount by BorrowerMany student loan borrowers are under significant financial stress due to excessive student loan burden. More than 2.7 million graduates owe more than $100,000 in federally guaranteed loans, with about 700,000 owing more than $200,000. The breakdown by age of borrower shows that many older Americans are carrying student loan debt into retirement while those in the 50-61 age group owe $213.6 billion. The growth of aggregate amount owned isn’t the only alarming factor, the rate of aggregate growth is also worrisome. In one year the “over age of 50” group had the aggregate amount owed increase by $28.8 billion, a 11.6% increase.

Federal Student Loan Portfolio by Age of BorrowerThe Bloomberg article revealed that student loans issued about six years ago have the highest cumulative loss percentage compared to any other year since the financial crisis ended in 2009. Students who took loans in 2012 have demonstrated a reduced ability to make their monthly payments compared to students who obtained loans just before or after, despite a relatively equal time to pay them down. Most borrowers in this group are now 24-33 years of age and entered the labor force when the unemployment rate was twice as high as it is today. Additionally, the time it took to find a job in 2012 was three times greater than today. These factors apparently have a long-lasting effect on the ability of borrowers to repay their student loans.

The student loan debt burden has become a crisis for many higher education graduates that relied on the Federal Government and the Department of Education to fund their education. The problem spans all adult age groups and levels of education. Fortunately, there is professional assistance provided by knowledgeable, trained and experienced attorneys who specialize in student loan law. We are proud to be part of that group and want to help student loan borrowers understand the options and pathways available to help them find relief from overwhelming debt. Please call a San Diego Student Loan Lawyer at (619) 295-3322to set up a free initial consultation.

You Have Options!

Contact attorney Chris Bush to find out the best route to your student loan debt relief.

(619) 295-3322

“The starting point on all student loan debt resolution plans is to obtain the Student Loan Report from the US Department of Education. This report is vital to answering any student loan question. I do not even comment on a client’s situation without having first reviewed this report.”
Here's how to obtain your NSLDS report.
Chris Bush, Esq., Student Loan Attorney

D.J. Rausa on Avvo, the premier on line Lawyer Directory and Review Service.
Avvo has rated D.J. Rausa at 9.1 out of 10 — a superb level of performance. Clients, too, have consistently rate D.J.’s performance as 5-star.
D.J. Rausa has many 5-Star review on Yelp, the popular on line business and service review source.
"Attorney D.J. Rausa was great from the first consultation to the end! He explained everything very clearly so we knew exactly what to expect, was always accessible for questions and has a great response time. He helped me consolidate my student loans into a lower payment and helped my spouse get approximately $80k in private and federal student loans discharged! I would highly recommend calling him!"

California Student Loan Attorney

California Student Loan Lawyer D.J. Rausa

California Attorney D.J. Rausa has been an aggressive debt solution advocate for his clients in San Diego since 1993. He now specializes in Student Loan Debt Resolution and defense, and is nationally recognized as an expert in this developing area of Student Loan Law.

Read More

Experienced Bankruptcy Litigator

California Bankruptcy and Student Loan Lawyer Chris Bush

San Diego Attorney Chris Bush is an experienced bankruptcy litigator and Student Loan Debt Resolution specialist. He can help you find the best solution to deal with your student loan debt burden.

Read More
Search Our Site