I found this video about private student loans recently and believe that you will find it informative.
Some OF The Loans We Offer PERSONAL LOANS Unsecured Personal Loan – Supreme Advances can help make your dreams a reality with an unsecured personal loan. Whether your plans include a vacation, a major purchase, school or consolidating your bills into one, simple monthly payment – we can… Video Rating: 0 / 5
Question posed by Ella: Are federal student loans considered federal AID?
If your federal aid (grants and such) is currently suspended due to an academic progress hold, does that hold include loans or can you still apply for the loan through fafsa and receive it since you’ll be paying for it eventually?
Most detailed answer:
Answer by A J Federal student loans are considered aid. I’ve always thought that was stupid since a loan isn’t aid in my book, it’s a loan which must be paid back with interest. That’s not aid, that’s profiteering.
But sorry, you’ll need to get your grades up to be privileged enough to pay twice the actual cost to get an education.
Student loans and student loan consolidation Private Federal Knowing your payment is always beneficial when you are determining which Student Loan would be the best out of the many Student Loan Programs available.In the meantime, soak up all , or at least much of the information that is available… Video Rating: 3 / 5
A question from ScoobyDoo: Can Federal student loans issued by the government survive bankruptcy?
If u took out a huge loan to attend a school and the school turns out to be a scam trade school can u declair bankrutpcy ? If too much time has passed to file any suits under the statues of limitations, etc…Will the loans survive?
Question posed by Amy: Please anyone who is knowledgeable about federal student loans (wachovia, sallie mae or dl) please help me.?
I have a masters degree which i completed and paid for with student federal loans (wachovia). Now I would like to go back to school to get an associates as a crime scene technician (my masters is in criminal justice by the way) could i get a fed student loan to paid for my associates?
Most comprehensive answer:
Answer by Brandi J Yes you can. I would suggest going back through Wachovia since you already are on good terms with them (I assume) or you can go through Sallie Mae Trust.
A question from inquiringminds: Can anyone offer advice and/or personal experiences regarding consolidating federal AND private student loans?
I am trying to learn about the best way and the best lender, if any, with which to consolidate my federal AND private student loans TOGETHER into one, consolidated loan and payment. Any suggestions or experiences would be greatly appreciated.
Most comprehensive answer:
Answer by my Husband’s wife From my own experience, I have tried to consolidate both federal and private loans, but have not found anyone who can do that. I know that you can consolidate federal loans, but, as far as I know, you cannot consolidate private loans.
A question from Virginia C: Will interest rates for federal student loans raise or lower?
I’ve been getting a lot of calls from random companies about consolidating my student loans, which would lock in an interest rate I think. Do you think student loan interest rates will go up or down in the next couple years? Thanks.
The best answer:
Answer by Betty – Financial Aid Counselor Student loan Interest rates have been on a rising trend for the last 5 years. Student loan rates usually follow the changing trends of the prime rate or the LIBOR index. that is, when the Prime rate starts to show a rising trend, student loans may show that trend as well. The bottom line is, the federal government sets the Federal Student loan rates every July 1st. Each year, the government has raised the student interest rate (reflecting the Prime rate). Generally, it is anticipated that student interest rates can continue to rise or stay at a high rate in the next few years, although the government guarenteed the rates of federal loans never to exceed 8.5 percent. But this cap does not carry over to non-federal student loans.
Consolidating your loans now may be a good idea if your prior loans each carry an individual rate that is lower than the current federal studen tloan interest rate of 6.8. if you consolidate your loans, basically you will be assigned an AVERAGE rate based non the total rates of each of your loans. So if your loans carry interest rates anywhere between 3-5%, it may be a good idea to consolidate them. You should speak to a lender about consolidating and find out what your weighted-average interest rate would be and see if that is any lower compared to the 6.8 perfect.
A question from Joe R: I need to get a private student loan because my bank and school no longer do federal student loans, but my?
credit score is 543 and can’t get approved for a private student loan from anywhere. I don’t qualify for grants. Anyone have any suggestions?
The top answer:
Answer by Jesus Christo what kind of schools dont accept federal aid?
If you are looking for a video about private student loans then look no further because below you will find a great video I ran across just the other day.
What to do if you are having trouble paying your student loans? Courtney, a certified Credit Counselor, talks about ways you can pay federal and private student loans. For more information, please visit www.myfinancialgoals.org
A question from Selena: Do private school student loans (not federal) count as unearned income, if you’re using it to pay for rent?
I’m planning to apply for SNAP food stamps, but it asks me if I have any unearned income, I was wondering if I should put down how much student loans I am receiving (that are not federal, but private)? It will affect food stamp eligibility if it does.
Do private or federal school student loans affect food stamp eligibility? Thanks!
I’m paying rent for off-campus housing, my college doesn’t have any dorms on-campus, so we’re forced to live in private apartments
Most comprehensive answer:
Answer by Suddenly Human You have to pay loans back, therefor it is not considered income.
Do you know better? Why not leave your own answer in the comments below!
