Student Loan Debt Crisis

The New York Times recently reported that student loan debt has exceeded $1 trillion. Student debt and the lack of job prospects cause many graduates to delay making major purchases, such as homes and cars. Experts say this decrease in consumer spending acts as a drag on the economy.

With the rising cost of education, The Pew Research Institute estimates that 40% of households headed by adults 35 or younger have student debt. It's not surprising that economists say young adults with student loan debt have more difficulty qualifying for mortgages and saving for down payments.

Student borrowers will have an even tougher time tackling their debt with interest rates scheduled to double on July 1, from 3.4 to 6.8%. Some members of Congress are working to prevent this increase. Senator Elizabeth Warren, of Massachusetts, has proposed a bill that would allow students to borrow at an interest rate of 0.75%. This is the same rate offered by the government to big banks.

If you are struggling with student loans and credit card debt, a bankruptcy attorney may be able to help you get a handle on your finances. There are special rules that apply to the treatment of student loans in bankruptcy, so it's important to speak with an experienced attorney. To schedule a consultation to find out how we can help, please call 619-295-3322.

D.J. Rausa

With over 21 years of experience as a consumer bankruptcy attorney, D.J. Rausa stays on the cutting edge of Bankruptcy and Student Loan Law which enables him to provide vital information to his clients.


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Thank you DJ!

I had no idea where to start with my bankruptcy and process. After my first meeting with DJ I felt confident that things were going to go well. He helped guide me through the entire process and time. 

He's very professional and courteous, thorough and extremely knowledgeable. 

I would recommend anyone that needs a bankruptcy lawyer/ student loans. 

Don't have a second thought when choosing DJ Rausa!

Posted by a client - February 15, 2016

AVVO Lawyer Rating is Superb!

Respected Legal Source

D.J. Rausa interviewed by the Wall Street Journal for article on Bankruptcy and Student Loan Debt.

D.J. Rausa is recognized as a legal expert in Student Loan Debt Resolution and the associated Bankruptcy Laws.

Read what D.J. recently told The Wall Street Journal regarding the probable rise in Student Loan Debt Resolution through Bankruptcy.

Client Testimonial

To whom it may concern,
Mr. Rausa is extremely knowledgeable with the complexities of Federal Student Loans.
I went from a thriving career to full medical disability, ending with an SSDI placement. Unfortunately, I lost everything and became unable to continue making the student loan payments, so it was in deferment for over five years. When the SSDI settled I tried to negotiate an affordable payment plan with the loan holders but they refused my efforts, instead demanding over twice the amount I could afford.
I contacted Mr. Rausa and found him to be courteous, responsive and quick to assess my situation. He was sure he could help and took time to answer all questions, which relieved much anxiety. Within months he successfully resolved the debt! With much confidence, I highly recommend Mr. Rausa.
Please contact me if you have any additional questions.
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