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Student Loan Relief Extended Atlanta, GA

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Student Loan Relief Extended

Student Loan Debt Atlanta GA

The pandemic has brought economic distress to many Americans, with student loan payments at the top of the list of stressors. The relief plan currently in place has an expiration date of December 31, leaving many who carry student loan debt with the prospect of an unhappy holiday. Fortunately, that relief has been extended for a short time.

New Deadline
On Friday, December 4th, Betsy DeVos, the current Education Secretary, announced that the student loan payment pause will continue for another month, with the expiration date for this relief now set for January 31, 2021. While a welcome change, it does not offer much in the way of an extended relief package.

Limits on Loans
This payment freeze only applies to federal loans and does not cover any privately acquired loans taken out to pay for college. This relief is available for PLUS loans taken out by parents, however.

What to Expect
There is still no definitive answer from Congress on whether a second round of stimulus will be issued, and with the pandemic still raging, many people are increasingly concerned about the future as we head into 2021. The change in administration is also a factor to consider, since President-Elect Joe Biden has vowed to make changes to the student loan program, including increasing the amount of available Pell Grants, eliminating debt up to $10,000 as COVID-19 relief and erasing loans used for undergraduate tuition if the borrower makes less than $125,000 per year. Whether or not these are just campaign promises remains to be seen.

This unprecedented time has placed unbelievable strain on many of us, and for some, it may seem impossible to see the light at the end of the tunnel. If you are facing difficult financial choices and feel hopeless, the team at Gingold & Gingold is here to help. Call us at (404) 685-8800 or visit us here to schedule a free consultation.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


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    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

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