A question asked by Southerngirl29: How do they process your student loans when you almost at your borrowing limit?
I have around $ 4500.00 left in student loans, and I have two semester left of college. In the fall, I am taking 15 hours, but in the spring I am only taking six. Will they offer the remaining of my loans for the fall semester, and I can use my pell grant for the spring or will they split the remaining loans between the two semesters?
Most comprehensive answer:
Answer by ilovedietcokealot Chances are they will split the remaining loans between the two semesters, at least my college does.
hope this helps
Question by majax79: Why are private student loans not allowed to be written off?
Why are private student loans not allowed to be written off in chapter 7 bankruptcy? It seems to be the only loan type that isn’t.
Also, it’s the only one without statue of limitations. Seems to be alot of protection for these companies.
The No 1 answer:
Answer by Once~Upon~ a~Time They’re a secured debt because there is no collateral. They can’t take back your education if you don’t pay.
Question posed by Jamie: What’s a good lender for consolidating private student loans?
I’m trying to consolidate my private student loans, and a lot of lenders I’ve contacted are not currently offering this service because of the current credit crisis… Anyone know of a reputable company that is still offering student loan consolidations?
My chosen answer:
Answer by Sherlyn 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. Just like for any other loan, this one will be based on your credit rating. If you do not have one yet, you may need a parent, or someone else to cosign the loan for you.
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.
I found this video about federal student loans recently and believe that you will find it informative.
Federal student loans are loans that the government provides for students in order to help them through their schooling. Find out how to apply for federal student loans for undergraduate, graduate or doctorate schooling with help from a financial aid officer in this free video on student loans. Expert: Brooke Kramer Contact: www.argosy.edu Bio: Brooke Kramer is the financial aid officer at Argosy University in Salt Lake City, Utah. Filmmaker: Michael Burton
A question asked by rebecca: What are some student loan consolidation companies for me to try? I have student loans I need to consolidate?
My student loans are through Sallie Mae and they charge 100 dollars to get a forbearance on the loans so I need to consolidate with a different company.
Most comprehensive answer:
Answer by dude I One word of advise BE VERY CAREFUL and review the terms VERY CAREFULLY. In this day and age, be sure of the interest rate and the penalty if payments are missed. (like adding a $ 150.00 late fee)
Do you know better? Why not leave your own answer in the comments below!
A question from finom: can bad credit still get student loans?
i have bad credit… really bad credit! im young and unemployed and have no co – x however, i am and have been a pretty good full time student for a little more that two years. this is also about how old the last derog. on my credit is. anyways, i have just finished the jc gig and just got excepted to a pretty expensive university.
besides the countless scholarships i have applied for, am i out luck in the student loan department?
if i can get a loan where do i look?
thanks!
Selected answer:
Answer by Nyx Student loans are based on need and not credit so you should be fine. Start with FAFSA (google it).
A question asked by sound_of_the_silenced3: What would happen if we immediately canceled government guaranteed student loans?
Would the classrooms be empty?
Or would colleges have to slash prices and cut overhead in order to increase demand?
How government programs drive up college tuitions
Selected answer:
Answer by BillDict Colleges would finally have to be financially responsible like the rest of us.
Why should a professor make six figures for working a few hours a week? They are definitely not that valuable.
If you are looking for a video about government student loans then look no further because below you will find a great video I ran across just the other day.
Applying for free government grants, loans and scholarships begins with the free FAFSA online application, which helps to determine the estimated family contribution and the government’s contribution. Apply for student financial aid, including the Pell grants, Stafford loans and Perkins loans, with financial advice from a guidance counselor in this free video on student loans. Expert: Cheri Ashwood Contact: www.wearehdtv.com Bio: Cheri Ashwood has a bachelor’s degree in psychology and education, and has been a guidance counselor for nearly a decade. Filmmaker: Christopher Rokosz Video Rating: 4 / 5
