A question from chrissy: are there any lenders that do federal student loan consolidation? not private loans?
it seems like there aren’t any lenders that do federal student loan consolidation programs. Are there any out there? not private loans.so far it seems like the dept of ed has ended other programs. please help
thanks Ruth. Can you ask your relative if it was a federal loan?
New question, is it possible to debt consolidate federal student loans?? so there’s debt and then student loan consolidation.
Top answer:
Answer by Judy I believe I read that you can not consolidate federal student loans.
Why would you want to? For convenience?
If you consolidate with a bank, you will only pay higher interest rates.
Convenience will never be worth that much money.
/
A question asked by jaminaleman: Is it possible to receive federal aid to pay off my federal student loans?
Doesn’t have to be federal, perhaps other organization offer such services. Or other programs designs to help pay off student loan debt.
Best answer:
Answer by Lynnemarie You mean you want to fraud the government.
Do you know better? Why not leave your own answer in the comments below!
Question posed by alienzarecool: Smart idea to pay off private student loans with federal loans?
I’m a sophomore in college, and as of now, I have $ 20,000 in private loans. Now, once I become a junior/senior, I will get up to $ 10,500 each year in federal loans. Should I just use the federal loans to start paying off my ridiculously high interest rate private loans? After all, most of the federal loans will be subsidized, and by the time I graduate, I will have about $ 27,000 in federal loans, and maybe only a couple of thousand in private loans if I use this method of paying them off. I’ll consolidate the federal loans together, and pay off the private loans ASAP(again, should only be $ 2000-$ 3500 if my calculations are correct.
Note:I have the ability to start paying off the private loans while still in school through sallie mae. The interest on 3 of these loans is 14.25%!! And one with 11.25%. Federal loans are less than half of this.
Best answer:
Answer by Praizegirls I would say that your idea is a good one. You should talk this over with someone at the financial aid office at your school. They could crunch the numbers, find any loopholes, etc. Good luck!
A question asked by Scott S: Can student loans be written off in a bankruptcy?
I am filing for bankruptcy and have student loans. Are they going to be taken care of through the bankruptcy?
Selected answer:
Answer by UnknownX Yup, but you won’t be able to buy a car, a house, or use credit cards for over 7 years.
If you are looking for a video about federal student loans then look no further because below you will find a great video I ran across just the other day.
Student loan debt consolidation – Consolidate your student loans or college loans to lower your monthly payment. Student loan debt consolidation services for federal and private students. Federal debt consolidation loan is an easy and complicated way to repay federal student loans. Federal…
A question from Diamond: How do study grants, scholarship and student loans work?
I would like to do my Masters overseas next year. I’ve read in some of the (potential) schools’ websites that they offer things like student grants, scholarships and student loans.
What are these exactly and how do they work? Which one is the best option?
Most comprehensive answer:
Answer by james K Hi Mate, grants, scholar or student loan are 3 different thing but for 1 reason they exist which is to help the student.
Grant and scholar is similar, you don’t have to pay back, they work as a gift of cash.
In other hand, loan will required you to pay back, and student loans probably would not charge you interest.
You can check more of grants or scholar information over the net.
Whether you agree or disagree, why not leave your own thoughts below.
A question from Ashley: Do you have to apply for federal student loans thru your school or can you go thru the bank yourself?
I want to get a federal stafford loan. I’ve already completed my financial aid and the school has it but they told me since i got accepted so late my financial aid may not be processed until after school starts, so to be prepared to pay for it myself and then later reimburse myself with the refund money. My question is can I apply thru a bank for the student loan or do I have to wait for my school to offer it to me? Thanks in advance!
The No 1 answer:
Answer by Witchy_Woman You can apply for a loan through your bank, however, your credit rating will be taken into account. If it’s not so great, you probably won’t qualify. Student loans (through the school)don’t require a credit check and have a very low interest rate. Personally, I would wait and try to get the loans through your school.
Do you know better? Why not leave your own answer in the comments below!
A question asked by Hannah: If you’ve had bad grades in college before, will you still be able to get federal student loans?
I want to start over at a completely different college in another state because I didn’t do so great the last time I went. Will I still be able to get federal student loans? Also, can the college that I want to go to somehow see my previous grades and reject me?
The best answer:
Answer by vindic8ted Yes you can still receive FAFSA. and Yes they can if thats how they work.
A question from tuppergirl: If I have bad credit, are student loans still an option for me? If so, can you renew them every semester?
Best answer:
Answer by e.sillery To get a private educational loan you will need decent credit and a job or a co-signer.
I was recently turned down for a private student loan by Wells Fargo because I am an UNEMPLOYED full-time student. I am 45 with no living relatives so getting a co-signer is out of the question… I was approved for a govt. guaranteed Stafford Loan though.
Take a look at this video on bad credit student loans and then add a comment below to let me know what you think.
debtconsolidation4studentloans.com College Loan Solutions Student Loan Services Are you a student and looking for the financial assist for all your education expenses like books, fee, tuition and living cost? But if your credit ratings report is not up to the mark then it can create a problem in your path of lending funds. As a student most of them doesnt bother to repay the loans in time. This negligence creates big hurdles in their path of acquiring higher education. Video Rating: 0 / 5
