Student Loan Benefits for Military Servicemembers

The Service Member Civil Relief Act offers many benefits for student loan borrowers in the military.  Unfortunately, those benefits are difficult to identify, or to claim.

According to an official report, many of the benefits the Service Member Civil Relief Act grants to those in the military go unredeemed.  In some cases, this is because lenders adopt difficult procedural barriers designed to disqualify servicemembers.  In other instances, servicemembers remain in payment plans that end up costing them more than they would have to pay under available alternatives, simply because the servicemembers aren’t aware of their options.

The Consumer Financial Protection Bureau is partnering with the Defense Department to increase awareness of the benefits available to student loan borrowers in the military.

If you are having difficulty paying your student loan debts, The Law Firm of Vaughn, Weber & Prakope, PLLC may be able to help.  Call 516-858-2620 today to schedule a free consultation.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. This website is Attorney Advertising. It does not form an attorney-client relationship. We are a debt relief agency and a law firm that helps people file for bankruptcy relief under the U.S. Bankruptcy Code – Title 11. Prior results do not guarantee a similar outcome. Proudly assisting residents of Long Island, Nassau county, Suffolk county, New York City, Queens, Brooklyn, Bronx, Staten Island, Manhattan