You enrolled in college to invest in your future. But the economy tanked, jobs disappeared, and your student loans became an enormous burden. You’re not alone. In 2023, roughly forty five million Americans have student loan debt, totalling over $1.7 trillion dollars. Unlike most other debts, government-backed student loans usually cannot be eliminated in bankruptcy
. Student loans come in several different forms, each with its own options for loan repayment and forgiveness spelled out by different federal regulations. But some student loan servicers often bend or even break these regulations, taking improper shortcuts or even increasing your loan balances in sneaky ways. You may have more options than you think if your student loan servicer is acting illegally. Preston Law Offices represents borrowers in class action lawsuits across the country. We have extensive experience representing consumers against large, powerful corporations, holding them accountable for their wrongful actions.
Student Loan Class Action Lawyers
Preston Law Offices works with people experiencing financial hardship because of student loan debt. Our practice includes claims against student loan servicers who collect or attempt to collect on student loan debt:
- In ways that violate federal or state laws
- Without accurate records of the loans made or repayments received
- But fail to provide accurate and complete information about the loans
- By suing to collect loans that are beyond the expiration of the statute of limitations
- By charging unlawful fees
- Arranged by fraudulent for-profit schools
- By reporting false or misleading information to credit reporting agencies
Preston Law Offices Fights for Borrowers’ Rights
Lots of money changes hands in the student loan market. Some loan servicers got greedy and bent or broke the rules, intentionally misleading borrowers into repayment options that put them further into debt. If you took out student loans and were the victim of fraudulent or abusive practices, Preston Law Offices can help. We stand up for student loan borrowers and fight to protect their rights. Unfortunately, many student loan companies exploit borrowers who do not know their rights, leading borrowers to feel powerless. But we fight back against these big and powerful corporations, protecting “the little guy” and forcing companies to change their behavior.
Uniting People for Change
Preston Law Offices is proud to handle student loan class action lawsuits. In most of the cases we handle, it wouldn’t make sense if just one or two people stood up to these companies. But when tens or hundreds of people join together to fight back, they can make a real difference. Preston Law Offices litigates student loan class action lawsuits in federal and state courts across the country. We work with local co-counsel to take on some of the biggest names in the student loan debt game, and force them to play by the rules. We handle student loan class action lawsuits on a contingency fee, which means you won’t pay us unless we recover money for you. And even then, our fee is charged as a percentage of the total recovery. If you borrowed money and believe your rights have been violated, Preston Law Offices can help. We will evaluate whether you are eligible to participate in a class, explain your options, and work to force student loan servicers to change their illegal and harmful practices. To learn more, contact us today
. We will evaluate your situation to determine whether you have a case.