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Student Loan Consolidation


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Nov
27

When does interest kick in on unsubsidized Stafford Loans?

Financial Aid

SinisterMatt asked:
So we were wondering when the interest on unsubsidized loans starts. Does it begin when we are out of school for 6 months, or right after the loan is disbursed?
Thanks in advance!!
Cheers!!
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Oct
25

What should I know about private student loans?

Financial Aid

Max asked:
What are the basic facts? How do I repay the loan? What are goos private student loans?
I’m ineligible for Federal loans so what should I know about private ones.
Are online sites reliable?
Thanks in advance.
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Oct
14

Should I consolidate my student loans? (bewildered student seeks help)?

Financial Aid

bhenkel54321 asked:
Thanks in advance for your advice. I have 2 DIRECT STAFFORD SUBSIDIZED Loans:
$11,333 @ 7.140% variable
$5,666 @ 6.800% fixed
=$16,999
I am currently in my graduation grace period (it seems there’s an advantage to consolidating in your grace period? Something about “In-School” vs “Repayment” rates?)
Your honest advice is greatly appreciated!
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Oct
6

Should I worry that I used false information on my loan application now that I’m filing for bankruptcy?

Personal Finance

Carins U asked:
A couple of years ago, I bought a home and the mortgage broker I used filled out false information on the loan application. He said he was doing this to get me approved and get me a better rate since I didn’t have the documentation to satisfy the lender’s requirements. [...]




Aug
22

Student loan consolidation question?

Financial Aid

D asked:
I heatd from someone that student loan consolidation is filing some type od bankrupcy and that if I have all of my loans from the same lender then they are already going to be just one payment. Is this true? I do have a substancial amount of student loan debt and [...]




Aug
20

Do you have to apply for federal student loans thru your school or can you go thru the bank yourself?

Financial Aid

Ashley asked:
I want to get a federal stafford loan. I’ve already completed my financial aid and the school has it but they told me since i got accepted so late my financial aid may not be processed until after school starts, so to be prepared to pay for it myself and then later [...]




Aug
13

When do i need a co-signer for private student loan consolidation?

Financial Aid

David L asked: I have around $30K in private student loans that I had my brother co-sign with me on. I am paying Prime + 0% which is really nice, but I wanted to consolidate and use the LIBOR rate(which is lower then prime, I would save over 2K in 10 yrs by dropping [...]




Jul
23

What, in your experiences, is a good private student loan company?

Financial Aid

declinsion asked: I am getting ready to attend school and I very much need to find a good student loan company. I’m looking to be able to receive up to $30,000.00 a year from the company. I’ve got a credit worthy cosigner, so I’m not worried about whether or not I’ll be approved. What I’d [...]




Jul
19

Does federal aid and/or student loans cover childcare costs while in school?

Financial Aid

Kim asked: I have a 3 yr. old daughter and I’m planning on going back to school this fall. I know that I will be able to get grants/loans for everything like tuition and books, but what about childcare? The community college I’m attending has onsite childcare facilities, will the grants/loans pay for [...]




Jul
17

Where can I find debt consolidation for “private” student loans?

Personal Finance

young professional asked: 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 [...]