A great visual look at the subject of federal student loans.
The latest McGraw-Hill FCU Financial Literacy Series seminar, “How to Apply For Student Loans and Educational Grants,” focused on the costs of higher education, strategies for paying tuition, as well as numerous other topics that showed how individuals can send their children to college in an affordable manner. The seminar’s presenter was Ken O’Connor, the Director of Student Advocacy for Fynanz, Inc.
I found this video about private student loans recently and believe that you will find it informative.
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Question by binaryalgorithm: Are Private Student Loans exempt from bankruptcy?
I’ve read that student loans cannot be disposed of during a bankruptcy. I’m sure this is true for federal/state/school loans, but what about private student loans that did not need to be confirmed by the college? (In other words, did not confirm “financial need” with the school).
Question posed by KG: Is there any kind of stimulus for student loans?
I have been out of work, going on about seven months now. I may be defaulting on my student loan this month, which I pray will not be the case. Does anyone know of any type of program designed to help those who have student loans and are in endanger of going default on their loans? I have already used my three years of deferments up, due to low-paying positions.
Question posed by : I need some legal advice. Does anyone out there know if you can file bankruptsy on private student loans?
I know that you cannot on federal loans but these were private loans and did not have to be approved by the college I was attending. I really do not want to do this but I am really financially strapped right now. Would appreciate any advice.
My chosen answer:
Answer by Suddenly Human No, you can’t file on private student loans either. Sorry.
Question by young professional: Where can I find debt consolidation for “private” student loans?
I am a young professional that is over my head in private student loan debt and credit card debt. I have found several companies willing to help me with my credit card debt but no luck with the private student loan debt because it is not considered “secured” debt. My interest rates on these loans are over 20% making my monthly payments total $ 700. Because I have credit problems in the past I am considered a “high risk” thus unable to get the banks to reduce my interest rate.
Does anyone know of an agency that is willing to help people with “private” student loan debt? I am looking for some type of debt consolidation that would reduce my interest rate and lower my monthly payment. Please keep in mind these are private student loans not government loans. Thanks in advance!
Selected answer:
Whether you agree or disagree, why not leave your own thoughts below.
A great visual look at the subject of government student loans.
Read: hosted.ap.org Calling people who have defaulted on their student or any other government loan whether it be on the land line or mobile phone will not generate any additional tax revenue when those people do not have jobs and are not paying because they cannot pay. This just goes to show how truly disconnected our so called leaders are.
A question from boston_grl: Who should I consolidate my Private Student Loans with?
I have some Undergraduate Student loans with AES and their rates keep going up and they are not great with customer service. I am wondering what is a good company to consolidate my private student loans with. I want good terms (as in deferment in school. etc.) Please help who has gone through this process.
Thanks in advance =)
No 1 answer:
Answer by amanda I’ve gone through this and Sallie Mae has been great with me. I’ve been using them since I consolidated my loans in 2005. Check out their website. salliemae.com
