A question asked by Robs: The Government Pays Your Student Loans Now?
How is it fair that the government now forgives most if not all your student debt when people like me and others work in the summer and while in school and make enough money to pay for school without getting a loan. I have a friend who just finished college and didn’t work at all, even in the summer and got huge loans from the government for school and he just got 75% of it forgiven with a grant. Does anyone else think this is a joke.
Question by Smarter Than You: Can I get student loans to go back to school after earning a Bachelors of Science?
I earned a Bachelors of Science in Computer Science on May 5, 2006.. three years ago. all of my student loans are currently in default, because nobody is hiring. can i get student loans/financial aid to go to some type of graduate school even though my current loans are in default? if i do, will that keep collectors from garnishing my wages?
Most comprehensive answer:
Answer by Brian You are not eligible to borrow any more student loans until your default status has been resolved. You need to make payment arrangements with your lender…which usually after 6 consecutive payments on time is completed..they will remove you from default status on your student loans and you will be eligible to borrow again.
Do you know better? Why not leave your own answer in the comments below!
Another great video on the topic of federal student loans is included and we would welcome your comments once you have watched it.
According to the Federal Reserve Bank of New York, Americans owe more than a trillion dollars in student loans. It’s a staggering figure, considering that the US Census Bureau reported in 2010 that the combined credit card debt for this country is only 886 billion dollars, so student loans take the top category as the source of the most debt for the average American. We’ll take a look at how we got here.
A question asked by D’Shante L: Getting a student loan with bad credit?
I have to pay 10,000 to get back in school Im trying to get a student loan but Im always getting denied because of my credit. I dont have anyone that can cosign does anyone know any student loans companies that dont check credit of give loans to people with bad credit? Thanks in advance
A question from setzer_katie: What do i do with student loans once i graduate?
I am graduating in a month and need to know when i have to start paying my student loans? I heard that i am supposed to consolidate my loans into one loan.. Is this true? Has anyone ever done this?
Chosen answer:
Answer by tk_9702 If you are yet to consolidate you’ll have a 1 year grace period before you have to start paying on them. You are supposed to consolidate your loans to lock in an interest rate. Pick a bank and you can usually apply online to consolidate. Banks will offer discounts for things like ontime payments or setting up automatic withdrawals. I’m in the process of consolidating my husband’s loans. If he would ever stop procrastinating it would have been done by now.
How about adding your own answer to the comments below!
A question asked by alexandra8: How can I get student loan with bad credit?
In a couple of semesters, I am going to start nursing school. I’m going to quit my job because nursing school is extremely demanding, and I know i can’t handle both. How can I get a good student loan to last me through nursing school? I also have a car payment of 165.56 a month. Is it possible? My dad also has bad credit.
A question from Zanzibar: If you already have 0,000 in student loans AND bad credit, how easy would it be to get MORE student loans?
In order to go back to medical school. No, this is not for me. For a friend.
Best answer:
Answer by Freedom wake them up and do them a favor. forward this to them youtube.com/watch?v=VpZtX32sKVE
A question from ats5021: What banks or other credible organizations will help consolidate federal student loans?
I recently graduated from college with $ 131,000 in student debt. I have obtained a full-time job but am only making about $ 2,000/month. As it stands right now my monthly payments will be greater than my income (excluding any type of rent or other living expenses). I desperately am in need of some sort of consolidation product that would lower my monthly payment at this time.
No 1 answer:
Answer by NotAnyoneYouKnow ats:
Start out by investigating the Federal Direct Consolidation Loan program – the federal loan consolidation division of the US Department of Education. You can find the information and application for this loan here: https://loanconsolidation.ed.gov/AppEntry/apply-online/appindex.jsp
Start with the menu along the lefthand side of the page – there’s helpful advice on the whole process “Should I consolidate?”, “How Do I Benefit”, and “What Loans Can I Consolidate” among other topics.
You can’t get any more “credible” than the Department of Education, right? Good luck!
Question posed by cichlid96: Are private student loans relatively easy to get as long as you are enrolled/accepted at a college?
Since the repayment doesnt start till 6 months after graduation, I would assume it’s easy to get the loan, am I right on this?
My worst nightmare is to get accepted into a school and not have the private student loan accepted.
No 1 answer:
Answer by ???????ã???? Having just gone through the loops, I’d have to say it wasn’t that difficult – a bit of paperwork and you’re set )
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