The other day I ran across this video about government student loans which I think you will probably find of interest.
Investigation into gold market minipulations… 1) www.youtube.com 2) www.youtube.com
Video Rating: 4 / 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?
The top answer:
What do you think? Leave you answer below!
A question asked by Hello: Does the government student stafford loans people CONTACT your references and ask about you?
Chosen answer:
Answer by The Coaching Educator
Not to get the loan but they do if you disappear and don’t pay.
Do you know better? Why not leave your own answer in the comments below!
Question by Jimmbbo: How does the government controlling all student loans affect the education system?
The best answer:
Answer by LHOOQ
Private lenders will still be able to lend. They just won’t be able to lend FEDERAL money as they did before.
Provide your own answer to this question below!
A question from Weezie: Government student loans?
I will be starting school in January. I just got approved today for my student loan. Tuition is due tomorrow. Does it pay automatically or do I get a check on pay it myself?
The No 1 answer:
Answer by Tim R
It is set up to be paid directly to the school, but it takes some time for the school to process it. Every school is different, but if it is due tomorrow I would call the financial aid department and finding out if they’ve received it yet.
Provide your own answer to this question below!
A question asked by dylanthomas44: 1) what federal government organizations consolidate student loans?
Also, do any of these organizations consolidate private loans?
The top answer:
Answer by patticharron
Sallie Mae (Student Loan Marketing Association) offers loan consolidation, as do any number of lenders. I would stay away from big banks like Citi, Bank of America, Chase, etc that offer consolidation. Stay with an outfit that only deal in student loan paper.
There are no “federal government organizations” per se that consolidate or make loans. The lenders that do are authorized by the feds, but are not government agencies in and of themselves. There are some state-run organizations, like the Ohio Student Loan Commission, Kentucky Higher Education Commission, etc. But nothing federal. The feds simply guarantee the loan; that’s all.
When you consolidate, be wise about what your getting into. There are a lot of offers out there to REDUCE YOUR PAYMENT BY 75%!!! for example. But what this does is extend the payment period to 25 and 30 years, thus making the actually repayment amount up to ten times what you actually borrowed. So be careful.
Don’t sign anything until you see the Truth In Lending statement which spells out the real deal. If you are confused, ask your banker or a knowledgeable friend or parent to look it over and help you make a good decision.
Do you know better? Why not leave your own answer in the comments below!
A question asked by Chris: Does having a government job help with paying student loans?
I was recently hired by my county and was wondering if there is anything they can do to help pay off my student loans…whether in terms of some “forgiveness” or something else. I’m thinking in general terms and not county specific.
I know there are programs for people who have worked 20+ years in government who get help, but any information would be appreciated.
Best answer:
Answer by Bluekittie
Sorry no, not to pay off your or help with your loans. You are thinking of a person who serves 20 years in the Military, get a pension from the Gov’t.
If you know better then please let us know below.
A question asked by ernst: Which is better, private or government student loans?
My chosen answer:
Answer by Arocmik
Government student loans are better. Depending on your income level, govt loans can be granted without interest. If you qualify, you can even apply for a Pell Grant.
Private loans often will charge interest regardless of income level. Plus, govt loans show on your credit, but don’t count against you if you go to apply for a home loan.
Provide your own answer to this question below!
A question from J: Does the government give out student loans for FREE?
do the students have to pay back regardless of amount of income?? or do they have no need to pay back the government?
Top answer:
Answer by Annie
you have to pay back loans, which is why it’s called a loan. it’s a grant that you don’t have to pay back.
How about adding your own answer to the comments below!
Question by J: Does the government give out student loans for FREE?
do the students have to pay back regardless of amount of income?? or do they have no need to pay back the government?
Chosen answer:
Answer by Annie
you have to pay back loans, which is why it’s called a loan. it’s a grant that you don’t have to pay back.
How about adding your own answer to the comments below!
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