Student Loan Program

How to Navigate the Student Loan Program Process
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Student Loan Program Attorney In Doral, Florida

Overview of the Student Loan Program (SLP)

The United States Bankruptcy Court for the Southern District of Florida has established the Student Loan Program (SLP). As provided under Administrative Order 2021-02, these procedures and local forms implement the SLP. This Program is designed to function as a forum to provide individual chapter 13 debtors with the tools necessary to explore feasible repayment options with their student loan lenders and other interested parties under the administrative oversight of the United States Bankruptcy Court for the Southern District of Florida

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Eligibility for the Student Loan Program

To participate in the Student Loan Program, debtors must be individual chapter 13 bankruptcy filers under the jurisdiction of the Southern District of Florida. The SLP is available for debtors who seek to address outstanding student loan obligations through structured repayment discussions. This program offers an opportunity to negotiate new terms with lenders while under the protection of the bankruptcy court, helping debtors manage their educational debt without jeopardizing their overall financial recovery plan.

Steps to Participate in the Student Loan Program

Participation in the SLP involves several steps. First, eligible debtors must file the appropriate local forms required by the court, as outlined in Administrative Order 2021-02. Next, debtors will engage in discussions with student loan lenders, facilitated by the court, to explore options such as loan modifications, deferment, or other manageable repayment solutions. The Bankruptcy Court supervises these discussions to ensure all parties are working toward a feasible outcome.

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