A year ago this week, I opened one of the first law offices in the country dedicated entirely to helping student loan borrowers. I had no idea what to expect; I knew a lot of people in this country had student loan-related legal problems, and I thought I could help, but I just didn’t know what challenges and hurdles I might face, and whether I would actually be able to help people. It’s been a truly exciting and (dare I say) successful year. I had a little fun and crunched some numbers to see what’s been accomplished here over the past 12 months:
- Over $910,000 (nearly $1 million!) in student loans have been brought out of default.
- 26 borrowers have been switched to Income-Based Repayment plans, with tens of thousands of dollars in total monthly savings compared to Standard and Graduated repayment plans.
- 21 borrowers have been removed from collections.
- 30 borrowers have been issued federal Direct Consolidation loans, with over $2 million in student loans consolidated.
Honestly, my favorite aspect of the work has been the clients. All of you have been truly a pleasure to work with, and you make my job so enjoyable (and sometimes even fun… Let’s be serious, what can be more fun than snatching a $100,000 student loan from the clutches of a nasty collections agency?). I have to say, although I am very proud of these numbers, there’s still a lot of work to be done. Looking forward to new challenges and loftier goals for the coming year.
Thank you for coming to my website. This page will be updated regularly with current developments regarding student loans and news about the firm. Please check back soon!
Adam S. Minsky, Esq. is a Boston lawyer who concentrates his practice in student loan law. To learn more, please visit www.minsky-law.com. These posts are for informational purposes only and are not intended to be taken as legal advice.