call for a consultation
call for a consultation
It can be overwhelming to deal with student loan debt. There are numerous benefits to pursuing a higher education, but the costs can be significant, often lasting years after your education is completed. Student loan debt is a significant burden for many people, but there may be options, especially if you are in severe financial hardship due to your debts. A Chattanooga student loan debt lawyer can review options to address your loans.
At Mark T. Young & Associates , our Tennessee legal team provides comprehensive bankruptcy representation to help individuals achieve student loan relief. We understand the frustration and uncertainty associated with overwhelming debts, and we dedicate substantial time, talent and resources to help clients go through the bankruptcy process effectively.
Chattanooga student loan relief lawyer Mark T. Young & Associates has more than 30 years of experience preparing and filing bankruptcy petitions. He understands the complex Bankruptcy Code, as well as its guidelines and restrictions. As a dedicated bankruptcy attorney, he can evaluate your situation from every angle to determine the best course of action.
Student loan debt is a significant issue in the country. Students in the U.S. have an aggregate student loan debt of $1.6 trillion. The median debt of four-year graduates in Tennessee was $20,612 in the 2020 to 2021 school year.
At the University of Tennessee, Chattanooga (UTC), the median debt was $19,500 for graduates. UTC gives students the requirements for applying for student loans and financial aid, and many individuals with student loans may have those debts without having graduated.
Information from cities in Tennessee shows that the percentage of individuals with student loan debt has only increased over time, with the 18-34 age group having the highest percentage of individuals with debt.
When filing for Chapter 7 protection, you are not able to discharge your student loans. You can only discharge student loans if you can prove that you will suffer undue and extreme hardship because of the loan. There may also be other hardship tests you can meet to have the loan discharged.
A hardship discharge is provided for in the Bankruptcy Code; however, it is very difficult to obtain. Very few people qualify for this exception. In most cases, you must pay your student loan debt in full.
Chapter 13 bankruptcy does not cancel your student loans, but it can have other benefits. When filing Chapter 13, you may not discharge any part of your student loan debt, including principal or interest; however, you can receive protection from these creditors while in your Chapter 13 case. This form of bankruptcy stops harassment by creditors.
Chapter 13 bankruptcy also enables you to discharge other forms of debt you have, potentially freeing up funds for student loan debts. It allows you to create a repayment plan that pays off your arrearages or debt in a set period of time. This can help you reduce your debt and give yourself some relief from other debts. An attorney can review your situation and determine if a Chapter 13 bankruptcy is right to address your debt.
There are options for resolving and managing your student loan debts, and an attorney can help you find them. These cases can be complicated and often very frustrating. Skilled legal experience can ease your stress and protect your financial future.
Our legal team is available to discuss your situation at 423-933-1606 or at toll-free number 423-870-5225. You may also send us an email to schedule your free consultation with a qualified student debt lawyer. We are conveniently located and offer handicap accessibility, as well as free parking.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
At Mark T. Young & Associates, We Get You The Help You Need.
Fields marked with an * are required
"(Required)" indicates required fields
© 2025 Mark T. Young & Associates. All Rights Reserved.
Digital Marketing By:
