by quapan

A question asked by marela: When should I consolidate my federal and private student loans?
I have a few different student loans out; 3 private and 1 federal. Should I wait until I graduate to consolidate or should I do it now. I’m currently paying $ 500 on one private loan. The other loans have a 7.62% interest rate. Any suggestions?

Best answer:

Answer by KeLLeY
You can only consolidate once. I’d wait until you graduate and make sure you are not going to accrue more money for graduate school.

Agree or disagree? Leave your own thoughts below.

Technorati Tags: consolidate, federal, Loans, private, should, student

by Speaker Pelosi

A question from mommyoftwo53: If school tuition was paid for through Federal Student Loans can you still get the hope credit on taxes?
I know grants and scholarships can not be used for the Hope Credit but what about Federal Student Loans both subsidized and unsubsidized. Last Spring and Summer I only received federal loans to pay for my tuition and I keep getting mixed answers on if they can be used for any of the education tax credits.

Most comprehensive answer:

Answer by Ryan M
Yes they can be used since you have to pay those back. That is why they are treated differently.

Provide your own answer to this question below!

Technorati Tags: credit, federal, hope, Loans, paid, school, still, student, Taxes, through, tuition

by Christopher S. Penn

Question by dillsteroo: How do student loans work, and what are my options for applying for graduate student loans?
I want to apply for a Master’s Program at Copenhagen University… but have no money! Where exactly do I start? I know very little about student loans in general, and especially little about them when studying internationally, especially at the graduate level. Do I need to talk to the University? How do direct to consumer loans work? Is it super difficult to get student loans?

The best answer:

Answer by Archeologist
Join the ROTC they pay for your scholarship
you may be strong but we will make you army strong

How about adding your own answer to the comments below!

Technorati Tags: applying, graduate, Loans, Options, student, work

by Medmoiselle T

Question posed by Gabe R: What is this I hear about the Obama administration picking up the tab on government student loans?
I was watching the news and I heard a blip about the Obama administration picking up the tab for students with federal direct student loans and I was wondering if this is true or is this hearsay?

The No 1 answer:

Answer by jlynnhouse
It’s a bunch of crock!
Obama can’t afford to do that with the way our economy is right now.

Agree or disagree? Leave your own thoughts below.

Technorati Tags: about, administration, government, hear, Loans, Obama, picking, student, this

by Medmoiselle T

Question posed by bluebird: If I transfer government student loans to a private loan business, can I still write off interest on taxes?
I currently have salliemae Federal student loans at 6.8%. I have an opportunity to take out a loan somewhere else for 2.7 % and pay off the higher interest rate loans. But will I still be able to write off the interest from this new loan as I do with my current student loans?

The No 1 answer:

Answer by Mathew
I do not believe you would be able to do that. However you still may be better off doing so.

Provide your own answer to this question below!

Technorati Tags: business, government, interest, loan, Loans, private, still, student, Taxes, transfer, write

by Ron Sombilon Gallery

A question asked by nicetomeetyou:): Are private student loans risky and are the interest rates really high?
I’m thinking of borrowing $ 20,000 under a student private loan company. Is that too risky and how high are the interest rates usually nowadays for private education loans?

Also, if anyone knows of any companies or banks that are safe for private loans…

The best answer:

Answer by Katherine
When you run out of other options to get funding for your education, it may be time to get a private loan. These loans, also called alternative loans, come with a number of features and are somewhat flexible. Here is what you need to know about how to choose a private loan for your education needs.

http://www.worldbestloans.com/student-loans.htm

Just how much you can borrow is in accordance with your credit rating. A private loan gives you the option to borrow just what you need. Assuming you have some funding from a lower interest source, you will only want to borrow what the other lending agencies did not give you for your educational needs.

Do you know better? Why not leave your own answer in the comments below!

Technorati Tags: high, interest, Loans, private, rates, really, risky, student

by bloody marty mix

A question asked by bizzleness: I need a website or company that deals with bad credit student loans.?
I’ve looked online and most websites require a fee for their services. But it seemed like a scam to me.

The top answer:

Answer by Sagastume50
http://www.salliemae.com/

this is were i went to get my student loan and yes i have bad credit.

What do you think? Leave you answer below!

Technorati Tags: company, credit, deals, Loans, need, student, website

by House Committee on Education and Labor

Question posed by jimmythetulip22: What are the differences between federal student loans and loans you get from a bank?
Is there any difference, also is there a difference between a federal loan offered to a student versus a federal loan offered to a parent of a student?

Most comprehensive answer:

Answer by Deelace
Here is a complete breakdown of the differences:

http://www.businessweek.com/magazine/content/05_46/b3959126.htm

Provide your own answer to this question below!

Technorati Tags: bank, between, differences, federal, from, Loans, student

by bloody marty mix

Question posed by Empress Leo: Bad Credit Student Loans?
I have bad credit and need additional loans for school this year. I’ve tried 3 co-signers with no luck and I don’t qualify for a loan on my own. Does anyone know of any loans for students with bad credit. I already have Stafford loans and they don’t cover nearly enough. I need about $ 25,000. I don’t have time to apply for grants and scholarships as school starts in two and a half months. Unless anyone knows of any that are really quick.

Most comprehensive answer:

Answer by thenewone23@yahoo.com
heck ya my credit is bad but i just dont care haha

What do you think? Leave you answer below!

Technorati Tags: credit, Loans, student

by Chris Devers

Question posed by kenafpureblade: Best way to pay a mixture of student loans and private loans?
In order for me to go to college, I had to use both Stafford loans and Private Student Loans. My grace period ends in about a month, and there just has to be a better way for me to make payments on everything. So, what are my options? Should I just pay them all separately? There are I believe 4 stafford loans and 2 private loans. Is there some form of consolidation I can do? Thanks.

No 1 answer:

Answer by no?meric?nfilm
I surfed onto this site, on a whim and well it might help you.
www.fynanz.com I’m not going back to school anytime soon,
I ignored my finances, too stressful for me…NOW it’s all
in my face and I need to deal with it.

Just my opinion…have financial goals as while in the uni to help/
Good Luck!!

Whether you agree or disagree, why not leave your own thoughts below.

Technorati Tags: best, Loans, mixture, private, student