Archive for December, 2009

Can student loans prevent you from leaving the US?

Anita asked:


If I am a US citizen with student loans (about 13k) will I be allowed to leave the States?
I am planning on moving to another country for a period of time in order to get married to my fiancee. However, I intend to return to the States and pay the loans in any case.

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Financial Aid Help please?

dave 674 asked:


Federal Pell Grant Grant 2,366.00 01/08/2009
FFELP Stafford Loan – Sub 1,750.00 01/08/2009
1,750.00 03/16/2009
FFELP Stafford Loan – Unsub 1,077.67 01/08/2009
1,077.67 03/16/2009
Term Totals 7,951.34

Ok so how does this work? My school is only going to cost me $988. So what happens with the rest? Does it come to me? And if so then when?
And this money is for the Spring term, its not for the whole year
Yes this is the total cost for the semester. Nothing more
Community College

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matthew asked:


My student loans are through NelNet and I received a letter from NelNet instructing me to stop making payments. The reason they give is that my student loan account has been paid by a claim and now has a zero balance. I have had student loans since 1995; but I also have filed bankruptcy. What does all this mean? What claim paid my loans off? Did I or someone else get sued for the money?

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Me asked:


I want to find a way to persuade those who has kids to save up for their kids college money. I really want to help them out now, so they won’t suffer paying the debt later on in the future. I’m a finance advsier, but i’m new to this. Thanks for helping

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Allie G. asked:


My tuition answer payments are HUGE and i don’t make nearly enough. the loan company refuses to work with me. they don’t qualify for my bankruptcy and i don’t know what to do. i checked out the website www.ibrinfo.org, and didn’t see anything about tuition answer loans. i know with the bankruptcy thing that the tuition answer loan falls under the school loans though it isn’t federally funded. so does it count as a personal loan? and does that mean i can not qualify for income based payments? i have one dependent and i make less than $22,000 a year and i pay more than $400 a month in these loans not to mention my parent PLUS loans and my FFELP loans. i would appreciate some help. thank you!
i’m definitely not taking anymore out. i took out what i needed for living when in school, and now i am done. i just cant seem to get them to understand i only make 20,280 a year and i dont have “expendable income”. the tuition answer loans are a nice loophole in the lending laws for the loan companies. thank you for your answers.

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Elephant Droppings asked:


I efiled the FAFSA application (The application for federal student financial aid). I intended to have the information sent to one school- but since the application, have decided on a different grad school.. To have the results of my FAFSA sent to a different college , do I need to reapply for FAFSA from scratch?

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Plus student loans and medical school?

AtheistGuy asked:


I am going to UCSD next year and have to take out some student loans. I need to know when I will have to pay them back. I will probably take the “plus loans” and go to medical school after 4 years. Then do I have to give them back during my residency or what?

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Do Plus Loans cover living expenses off campus?

Stella C asked:


I am looking to apply for a parent plus loan because I am not eligible for federal loans. The amount that my school has to offer me for the unsubsidized loan doesn’t help me with my off-campus housing. Is there any type of loan that I can get to cover both my tuition and living expenses?

I’m not 18 years old yet…

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AG asked:


I know that student loan interest can be deducted.

My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?

Thanks!

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babygurl asked:


It is possible to do this and also can I defer these loans until graduation? Please answer seriously. I was reading that consolidation is cheaper and better is that true? Personal experience is welcome .Thank YOu
what happens if you parents are denied then what? if approved how long does it take to recieve?

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