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Student Loan Consolidation


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Sep
22

Are there any creative ways to remove/reduce a $20,000 federal student loan?

Financial Aid

scanjet asked:
Essentially I have a student loan that I’ve accumilated while getting my B.S. in Computer Science. I don’t enter repayment until another month. I can make payments but I was wondering does anybody know any creative ways to knock off the debt. I know people’s student loans gets canceled all [...]




Sep
15

Student Loan Consolidation: Replace your Variable-rate Student Loans With One Fixed-rate Loan

Education

Posted by Jeff Mictabor
If you’re a parent or ex-student who took out any Federal PLUS Loans or Stafford Loans prior to July 1, 2006, those student loans are subject to variable interest rates that will adjust every year. When interest rates rise, your monthly student loan payments may also go up. If you’re [...]




Sep
14

What are the consequences for a person defaulting on a Federal Student Loan?

Financial Aid

♥Special Red Girl™ asked:
I’m a college graduate, & my 6-month grace period is up. I’m disabled & receive a fixed, low income through Social Security. I took more undergrad courses after graduation to try to improve my GPA, but due to my disability & being hospitalized, I can’t continue schooling. I went to school [...]




Sep
7

Student Loan Consolidation: Make your Student Loan Repayment Easier to Manage

Education

Posted by Jeff Mictabor
Are you a May graduate with student loans looking at six-month grace periods that are ending sometime this month? If you’ve got multiple student loans going out of grace and into repayment, you’ll soon be faced with trying to juggle multiple bills, multiple due dates, and multiple monthly [...]




Sep
1

Can my graduate school limit the amount of my federal student loan?

Higher Education (University +)

Sam asked:
Hi.
I was approved my full amount by my federal student loan people and I talked to my financial aid guy and they told me that I wouldn’t be allowed to get the max because the loan people wouldn’t let me.
Well I found out that the loan people WILL but the school decides if [...]




Aug
30

My federal student loan is in default. I will be offset unless I wait until the rehab is over in April?

United States

Chris S asked: If my wife and I file seperate can she avoid getting her refund offset? I want to go this route to avoid waiting for the IRS to differentiate what portion of the refund is hers.

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Aug
25

HOW LONG is the federal student loan process?

Financial Aid

james j asked:
after filling out the application for fafsa how long would it take to recieve the loan.
Related Blogs

Related Blogs on Fafsa
Debunking the FAFSA Myth
Fill the FAFSA and reach the epitome of success
Legislation May Make it Easier to File a FAFSA

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Aug
23

What you Need to Know About Consolidating your Federal Student Loans

Education

Posted by Jeff Mictabor
So you’ve graduated from college, and after the relief and the celebrations, the realization of your adult responsibilities may be starting to set in: the job search, rent payments, utility bills. And now here’s another one: All those federal student loans that made your college years financially possible [...]




Aug
22

What’s the best way to pay down a deferred student loan?

Financial Aid

archlydia asked:
I have a VERY large student loan which is currently deferred. I am fortunate to be in a financial position where I am able to make the loan payments once I enter repayment (my husband and I have very little other debt - he has no student loans). Basically, I look at it [...]




Aug
18

What questions do I need to ask to get the best rates and terms on a Federal Student Loan consolidation?

Financial Aid

SummerBreeze asked: Interest rates (Sallie Mae) will most likely be going up on July 1. I have received many, many offers in the mail to consolidate my school loans (these are similar to credit card offers). I do want to lock in at a fixed lower rate before rates increase. Currently, rates vary from 2.75% [...]