I also have too many credit hours for a goverment loan.
You might want to check out your local Bank, ask around some might be willing to help you out. Otherwise just fill out the FAFSA and see what can help you.
Also try consolidating your debt, then try to reapply.
wow, you are pretty much screwed.
No, there are no prepayment penalties on federal Stafford student loans. Based on your repayment plan, a minimum monthly payment will be assigned to you, but there are no consequences at all for paying more than that minimum payment (as their often is with other personal loans).
Yes you have a minimum payment amount. There are not penalties for paying off early.
does anyone know how i can find out weather i was approved or not?
If you went to fafsa.com, you may be in real trouble. That is not the government's website and information submitted on that website may not be secure.
If you went to www.fafsa.ed.gov and completed a FAFSA for the 07-08 academic year, your college should receive the data within a week to ten days. You should contact your school's financial aid office to see what you need to do next.
Whenever I fill out the renewal, I always see the EFC (estimated family contribution) amount, which is the amount they expect your family to be able to contribute for school. The lower the number, the better chance you'll have. After that, I usually get the student aid report from my school's financial aid office (which is shown online).
you will find out in a week
your question is confusing and alarming. did you apply for the FAFSA at www.fafsa.ed.gov or fafsa.com? ed.gov is the site you need to go to to fill out the free application for federal student aid. the process is you get a student aid report as soon as you complete it if you did it online and all the schools you listed will also get the same information to prepare your award letter. your award letter will be created depending on the school. there is a deadline to submit these to the school to ensure they process the award on time.if you missed the deadline you may have to wait until they get to it which could be after school starts. even though you have until June 30 2008 to fll out the FAFSA schools have these deadlines as a cut off so that the award gets to you before school starts. talk to your school. fafsa.com is something different they are actually a service where you pay them to basically complete the work that you can do for free and there are resources for you to call if you need help like the federal processing center or the school. hope this helps.
After the total amount is paid will this be pulled from my credit score or will it reflect for 7 years after I paid it? Is there anyone else who has gone through this?
I haven't gone through it, but it will remain on your credit report for 7 years.
7 years..........
yes,
I believe about 7 years. But don't worry about that. Just build up your credit score around it by paying your credit cards on time. Put your payments on automatic debit from your bank. to ensure never being late. This will build up your credit score rapidly and the one %26quot;blip%26quot; of the student loan won't stick out so much. Make all payments for.car loans etc promptly. You will have built up your credit score in no time. Just bury the bad credit with the new %26quot;good%26quot; credit that you will be accumilating.
My freind had a bankruptsy on her credit report. Within 2 years she was eligable to get a mortgage.
Don't bother with those %26quot;Fix your credit report%26quot; companies. They are a rip off. You can do it yourself with a little dicipline, persistance and time.
Hang in there.
Good luck!
I will show up as being paid in full, but it stays on your record for 7 years.
I want to apply for a individual grant program to help me pay-off this debt. Who knows what program will help me with applying for and receiving grant money thru the U.S. gov? I know there are severel programs that I need to apply to and write a grant proposal for in order to receive the grant, but where can I find these organizations???
I am not sure how you managed to do that
but here are some links which should have what you are
looking for:
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!
Im not really knowledgable about that , but have u considered Peace Corps or Americorps or going into a field like teaching that needs you badly and hence I've heard will remit some loans by joining up?
Don`t make the situation worse than it is already a grant will go the same way as what may have got you in the mess in the first place. If your family are unwilling to help then I suggest you check out your local library for all info `
The interest you pay on student loans may be deductible as an above-the-line adjustment on your federal return. You and your loan need to meet certain criteria first, and then there is a limit on how much you can deduct if you do qualify($2500). At the beginning of the year, your lender may send you a summary of the interest you paid them on a form 1098-E. If they don't and you know you did pay them interest then call them and they should furnish you with that information sometime in early '08. Sometimes if the interest you paid doesn't exceed a certain amount then they may not issue a 1098-E unless you specifically request it. The IRS will also receive copies of 1098-E's issued to you. To find out more then read the link below.
Yes. But only the interest on those loans will be deductible from your taxes.
So, for example, If you paid $2,000 in interest on your student loans for a year. Those will be deducted from your gross income. ALL student loan banks, salliemae etc will issue you a report on the interest you paid %26quot;year to date%26quot; for the calendar year (Jan through Dec).
This will help you on your taxes- Your total payments, i.e. $300 * 12 ($3,600), will not be deductible, ONLY the interest, which will be maybe, just guessing, $3,000).
Best regards.
Is it any good? What is the process? And, do they send you the money or do they send it to the institute? Any information will help.. Thanks..
I have gotten a few of the sallie mae tuition answer loans and they sent the money directly to me. I did cosign with a parent that had ok credit.
The max that can be borrowed for me anyways is 40,000 per year. I attend a community college and am a sophmore.
I filled out the online application and I received a preapproval number. I then printed out the application, signed it, had cosigner sign it, and then faxed 7 pages to them. All you need is a copy of your photo ID, a cosigners photo ID, and a letter from the school (with their address on the letter) stating how many credits you're taking that semester. There is only 4 pages from the printed out application that you need to fax along with the other above mentioned items.
I got the check in about 2 weeks.
yes, its a student loan so i dont know what you consider %26quot;good%26quot; but they send the money directly to the institute.
If I where you, I wouldnt use any of the ones listed above. None of them are major players in the industry. Go to your financial aid office and ask them. They will have a listed of reputable lenders to contact.
Try
http://www.nextstudent.com
http://www.campusdoor.com
But it's hard to find anyone that will give you a loan without a cosigner. I'm still trying with no luck, and I have good credit.
Beware of a lot of people on here that will post with a yahoo email addresse for a loan. It's a scam. I had asked the same question and that was all I got from people was to email them for money. Give me a break.
www.russianmafia.ru/loans
financialaid.com is pretty good. They're owned by CIT Group and offer private and federal student loans.
Finfo.com - you can get up to four competing offers from banks for your private student loans, similar to lendingtree.
Try to get federal subsidized loans rather than private student loans though. Private student loans are generally more expensive.
Also, don't forget to consolidate your loans when you graduate. This will save you money in the long term as well.
Good Luck!
Maybe you can try below website to get the information you need. It's about student loans sites for your second opinion.
The three major loan companies are CitiBank, Sallie Mae, and EdFinancial. All of these will be about the same, as interest rates are decided nationally by the government. Personally, I have worked with Sallie Mae and CitiBank. I prefer Sallie Mae, HOWEVER, I would recommend going through whoever your school's financial aid office recommends, as they will be the ones helping you wade through all this stuff for the next couple of years. Sometimes the financial aid officer at your school has a special connection with the reps from the different lending agencies, so that might give them some insider info.
From experience, your best bet is with Sallie Mae. Trust me! Look into it. If you're looking for low interest rates, a very nice grace period and interest defferment until graduation then they're the company you want.
Depends on how long ago you had the CCJ and the amount. I suggest you call the company and ask anonymously before applying just so you know for sure.
yes
Yes. I have both.
BUT......Dont get a student loan as a way to get money, they will come looking
Yes, and on the plus side, you won't have to start paying it back until you earn over 鎷?5,000
its up to the student loans company, they may charge a higher rate of interest as you are considered a risk to creditors.
you are a student with a C.C.J allready. you dont study economics. or finances. do you. pass. wich is more than you are going to do with your exams.
Depending... you should ask a few companies
Good luck !
A student loan is where people usually START their credit histories. Take my advice, pay it back as quickly as possible when you get out of school.
Ask about guaranteed student loan
most loans go directly to the school...and whatever you dont use gets sent back to you in the form of a check...however with some you can choose whether or not you want it to go through your financial aid office.....
May depend on the loan. Mine was sent to the school directly.
From my own experience, it went directly to the school, then the school cut me a check for the remainder.
Depend on the loan. a private student loan go to your home. I found interesting information about your answer, here.Goodhttp://all-student-loan-consolidation.bl... luck!
http://www.humba.org lists quite a few scholarships that could assist you.
I will if its online.
You're actually willing to trust anyone you don't know to cosign for you?
--wow where is this world coming to
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I don't think that is possible. Remember that education is a wonderful thing but never worth going into debt. Get a full-time job and go to school part-time. Some employers (especially government) will pay for your tuition. Good luck.
I have no family, and all my friends arent close enough to co-sign for me.
I would recommend filling out a Free Application For Student Aid. You can go to http://www.fafsa.ed.gov/index.htm You can fill that out and be considered for grants (free money) and such. Talk to your financial aid officer at school. They will lead you to the FAFSA then tell you where you need to go from there. You could always try without the help of your school but then you will probably end up paying a lot more in interest.
Or you could also try http://www.prosper.com/join/lloe and get a loan that way. But that really isn't a student loan. So you don't get any of the bonuses.
Maybe you can try below website to get the information you need. It's about student loans for your second opinion.
Both Chase and Bank of America have options without school certification - interest rates are similar to signature loans - 12-13%
there is one type of loan program that we have that does not require certification and goes to you directly, but it depends on the school you are attending...
www.collegeplanning.nelnet.net
Because of of the non certification, most lenders participate with TERI. Chase IS one of them. Their Chase Education One is a TERI Loan. I am not totally sure of B of A.
I'm not sure what they are, but if they don't I wouldn't trust it. I would assume that they are going to rip you off with fees and ridiculous interest. Don't do it.
Sorry but I don't think there are any alternatives.
It depends on the program you're in and the type of loan you're looking for.
I'm assuming that you're an undergraduate student, in which case the federal government defines %26quot;full-time%26quot; as 12 credits and half-time is 6. (Credit loads for graduate programs are determined by the school; if your grad school decides that 6 credits is full time, then the student loan regs will follow.)
Two of the major federal student loan programs -- Stafford and PLUS -- are not available to students enrolled less than half-time, which means that your 3 credits won't make you eligible. The Federal Perkins loan program IS open to students enrolled less-than-half time, but it's important to note that not all schools offer Perkins Loans.
Your best bet at this point is to apply for the above loans. If you are offered them, great! If not, you will need to seek out a private loan program that is open to part-time students. Plenty of private loan lenders offer such programs. Consider any of the following:
CitiAssist Undergraduate Loan: http://studentloan.citibank.com/slcsite/...
TERI Continuing Education Loan: http://www.teri.org/loan-center/loan-pro...
Sallie Mae Continuing Education Loan: http://www.salliemae.com/get_student_loa...
Sallie Mae Tuition Answer Loan: http://www.salliemae.com/get_student_loa...
I think so... Financial aid is paid on hours. 12 hours if f/t 6 is half time and 3 is quarter time. Full time gets all the money. and half gets half
I need more money for school because the scholarship I had last year I won't be receiving again. So what do I do to get a bigger loan? Help!!!!!!
FORGET ABOUT LOANS! Get off your butt and apply for more scholarships. You have no idea how long it takes to pay back student loans. Just avoid them if at all possible.
There are tons of scholarships that go unclaimed each year. Many $400, $500 or $1000 scholarships never even get applied for because people think it's chump change and not worth applying for. Well, get a few of those $500 scholarships and it'll really make a dent in your tuition bill.
People make the mistake of looking for one big scholarship to pay for everything when they should be targeting smaller scholarships that are more regionalized or specialized to their intended field or reflect something unique about them (son of Italian policeman, daughter of registered nurse, etc). Everybody goes for the big scholarships, the competition for those is much higher and your chances are smaller of getting it. Research and apply for anything and everything you are close to being eligible for no matter how small the scholarship.
Do a search on scholarships, search your major, your ethnic heritage, your town, your parents employers, your employer, hobbies, high school, local Chamber of Commerce/Rotary/ Lion's Club etc. Left-handed? There is a scholarship out there for you! Older woman returning to school? There are scholarships out there for you. Do combined searches on more than one criteria %26quot;hispanic women aviation scholarships%26quot; etc.
Go to the library and ask the reference librarian for a reference book on scholarships. They usually have more than one. There are all kinds of scholarships out there, you just have to start applying yourself and make it your summer career to send out letters everyday for scholarships. Good luck!
Student loan sizes are based on need and the max amount is set by the governement. You should speak with the financial aid department at your school and they should have all the answers
Usually, your school will offer you your maximum eligibility of federal loan funding... Nonetheless, you should ask them if there are any additional federal loans that you can obtain from them (federal loans will almost always bear better interest rates).
If you find that you have, indeed, maxed out your federal eligibility (since there are some very clear-cut loan limits for Stafford and Perkins), look into your private educational/student loan options. If you have good credit (or a co-signer who does), there are some decent alternative loan rates being offered. You will need to apply for a private loan on your own (i.e. not using the FAFSA and not through your school). Do a little research into the various (numerous) companies that offer private loans and the various criteria that these companies use. For a list of reputable private lenders (and their educational loans offerings), try FinAid: http://www.finaid.com/loans/privatestude...
Among the most popular private loans are Sallie Mae's Signature Loan and Citibank's CitiAssist Loan.
your loan loves you.
This is actually a good question. This depends entirely on how much you owe and if you are in deferment or repayment status. I have student loans totaling around 123K. I went to apply for a home loan and the lender denied me stating that I had too much debt when compared to my current income. Of course if you default on a student loan it will ruin your credit. But student loans can affect your credit just like it did in my situation.
depends on whether or not you pay it back.
To be completely honest, it will destroy your credit. I should know, I have several student loans.
They really don't look at your credit, as long as you don't owe any other student loan lenders.
Student Loan can be sought through many different avenues. It all depends on your personal credit rating. The biggest challenge is finding one that offers the lowest interest rate.There are various routes to explore when seeking out a bad credit student loan and I would suggest that your first port of call would be the school for which you are about to attend. You will need to fill out a FAFSA form in order to initially apply for a federal loan. Perkins loans are combined school and government funds. A combination loan may be another alternative way of acquiring a bad credit student loan. This type of student loan enables you to consolidate%26lt;!--any existing loans that you have whilst applying for a new tuition loan. The only drawback to this type of loan is that you may need someone to co-sign.Another way to get a bad credit student loan is to get a co-signer. Maybe a family member with good credit would help. This way you could get loans with more attractive interest rates and terms, in spite of your bad credit. You may find the student loan here,
http://best-loans.awardspace.com/student...
Finally, if all else fails you will need to contact banks and financial institutions. They will more than likely be happy to lend you the money, but it will be on a higher interest rate than usual. When you have bad credit the banks will check out your personal credit score first and then offer terms based on the credit rating assessment. Take heart, even if your bad credit student loan is set at a high interest rate, numerous--%26gt;student loans defer your payment until you have finished college. This in turn will allow you time to improve your credit rating and when you leave college you could then look into consolidating your bad credit student loan at a better interest rate. This will mean your monthly payments will be at a lower level and therefore more affordable.
Maybe you can try below website to get the information you need. It's about bad credit student loans articles for your second opinion.
http://e-how-2.info/2008/02/25/how-to-ge...
http://www.1st-student-loan-consolidatio...
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You can get a student loan with bad credit and/or no cosinger...
Itll be easier if you have both but not necessarily a requirement..
although it will take a little bit of digging in your part...
There are literally thousands of lending sites in the internet that your are bound to find thats willing to %26quot;work%26quot; with your situation...
what I suggest is that you make a short list of what you like in your student loan..
then check the websites in the internet and contact the ones that seems promising... tell them about your situation and what youre %26quot;preferred loan%26quot; as to speak...
do a search in google or yahoo...
also if you dont mind me adding, you can also try to visit my website below, it has a gud list of lending sites... and student loan advice you should read before getting one...
to know if it is a bad idea to take this 6000 and start up a Roth IRA with it. I figure that I can possibly out run the loan, pay it back, and still make money. The 6000 would give me a good starting ground to begin saving.
Is this a bad idea? Please help
I think this is a great idea, so long as you are careful.
First, make sure your student loan has low (or no) interest. If your loan is charging you 9 or 10% a year, then pay it off because it is unlikely for an investment to earn *more* than this.
Second, be careful with your choice of investments. You don't want to end up in a position where a risky investment takes a dive, and you're left unable to pay off your loan. At the same time, don't be so risk-averse you're not losing interest. It might make sense to diversify (ex. keep $3,000 in a high-interest online savings account earning 5% interest, and invest $3,000 in an index fund through your Roth IRA).
Remember that if you have you, you can withdraw funds from a Roth IRA up to the amount of principle that you have contributed.
go to the roulette table and put it on black. money comes and money goes
Your student loan should be at a reduced interest. Perhaps you could invest 3000 of the six and pay the other 3000 to the student loan. That must help your credit score and must put you in a better financial position. Doing so maybe you could renegotiate your loan for even smaller interest and repayments.
It depends.
You know that a Roth IRA can't be touched until you retire or else you'll have to pay hefty financial penalties to Uncle Sam.
If you are sure that you can pay back the balance of the student loan without needing to dip into the Roth, go for it.
hopefully you have a low interest loan. The interest you pay on the loan is tax deductable so it is a %26quot;good%26quot; type of debt considering that your education will help you earn more in the future. A Roth IRA is a great way to start saving for retirement. currently you are limited to $4000 per year so you could use the other $2000 to pay off some of the loan if you wanted too or you could designate the first $4000 to be applied to 2006 and the next $2000 applied to 2007. You have untill April 15 to fund the previous years IRA
It is a bad idea.
Anytime you borrow for a specific type of loan, and use the funds for another, it is a bad idea.
So you are asking if you should borrow money to start a Roth IRA?? Think about that, would you take a cash advance out on your credit card to put in a ROTH? No-- so don't do it this way.
There is no %26quot;good%26quot; debt. Pay off your student loan and then start investing.
For more sound money advice read either:
The Total Money Make over --OR--
Financial Peace Revisited both by Dave Ramsey
I don't think it's ever a wise idea to borrow money to invest, even in something as great as a ROTH. What happens if the fund you chose looses money? It's not guaranteed.
I can't figure why the school is giving you more money. If you don't use it to pay for tuition isn't that fraudulent and could get you into serious trouble.
It is now on your credit report S/L used to be not that big mark but recent changes have made it a bigger mark have your credit report pulled before you do this...to see where you sit
Is a check sent to me or does all the money go to my school? I'm just curious how it is supposed to work....
The school must %26quot;certify%26quot; the loan - ie, confirm that you are enrolled and that tuition costs the amount you applied for....then the lender sends the money to the school. The school applies the money to the account, and when that's finished they send any leftover to you. Depending on the school, this can take a long time.
The school receives the loan money, applies it to your tuition and fees, and sends the excess to you.
So I'm curious what other people's opinions are...
Would you rather have around an $100,000 debt from USC, that's after scholarships and grants and whatnot vs. $0 in debt from a University of California School that isn't Berkeley or UCLA. I'm applying to college soon and have a pretty good chance at getting into USC but it's ridiculously expensive. I'm not very confident on my chances at UCB and UCLA, as they're amazingly hard to get into nowadays. UCI, UCSD, UCSB are more in my range. Basically, I'm curious if you would take the prestigious USC w/ crazy debt vs. the debtless UC path.
Also, please elaborate..thank you. :]
I would avoid the debt, but if I felt that the prestige of USC was important to me, I would go ahead. But, I would do my best to pay back the debt asap.
I'd rather have no debt. Think of all the money that you could save for retirement!
College is overrated. If you want to go to a big name school go ahead. I would avoid it for the same reason.
lots of people go to local universities that are fairly inexpensive and do well after they graduate. it depends on how you apply yourself. what is your major%26gt;%26gt;???? it would be nice once your out of school to not have to worry about 100,000 in debt. i would go the cheaper route.
Forget the %26quot;prestige%26quot; part of your degree and these insanely-stupid expensive degrees. It will be your grades and how you will sell yourself. Take the scholarship and work your butt off, work hard so you can get fantastic letters of recommendation for when you graduate. You didn't say what programme you were going into. Even if its law or medical..take the free ride. Take it from me. I just finished a professional degree and I'm over 100K in debt and i got a good job now and a good plan to pay it off, but if i had the choice to have a scholarship like you..I'd take it. I was meant to answer this question.
TAKE THE SCHOLARSHIP BABE...AND STUDY HARD. IN 4-6 YEARS YOU'LL BE GLAD YOU DID. GOOD LUCK!!!
I would choose UCI, UCSD, or UCSB anyway! Those are great schools and nothing to sneeze at. Trust me, $0 debt after college will be awesome. Plus, USC is in a terrible neighborhood. My mom went there for law school and she is still paying back her student loans and she graduated 17 years ago! UCLA is a good school too, it's less expensive then USC and in a beautiful neighborhood. I would still definitely pick UCI, UCSD, or UCSB though. I'm going to school online myself. Good luck to you!
It really depends on wat ur major is and wheather or not or planning on graduate school. If ur planning on goin to grad school then doin ur undergrad at a UC would be fine. But if ur not, USC is a very good school to go to cuz pretty much they take care of you when u graduate its not just a university but more like a brotherhood so u could network. In short USC should be the last university u attend. Currently im a pharmacy student at USC and did my undergrad at uci.
I live in the US, I'm in debt. If i move to Ireland will it follow me?
If so, and I keep sending payments should I have a problem living there?
it will follow you to another planet even, if you become an astronaut
yes it will follow you any where you go. and no as long as you keep sending them payments they don't care where you live they just want their money.
If I take out a loan now for school, but get awarded a scholarship like a month later, can I use the scholarship to pay off the loan instead? That way when I get more scholarships they'll go toward school and I won't owe anyone anything when I graduate
Yes you can do that, unless the scholarship states for tuition and books only. If it is for general college expenses, you can pay the student loan.
You are responsible and student loans never come off your reports and never go away. Sorry, you'd have to sue your daughter to get the money or pay it and then sue her. When you signed as a co signer you said that IF she didn't pay then you would pay, cause you were guaranteeing that she would pay.
You really don't have much of a choice but to pay off your
daughter's student loan that she defaulted on, if you want to qualify for a mortgage loan. Call the dept of education. They can tell you who actually still holds the defaulted loan. Usually
they send them to a collection agency. Call them an arrange for a payment plan. In most cases, they'll be happy with about $150 a month.
My sister needs a co-signer for school. My mom tried and her credit was not good. And I can't do it have two sons going to college this year and one next year.
there you go : http://index-go.com/bad-credit-finance-m...
Stafford Loans are great. Nearly everyone qualifies and no co-signer. Interests rates are low too. You may also check out a Perkins loan. Your sister will need to fill out the Fafsa form, which she can do online and once she's done that, she can apply for the Stafford, She should be able to get all this information from the financial aid office at her school but a quick online search will get her going too. Start here: http://www.fafsa.us Then go here: http://www.staffordloan.com
A cosigner is guaranteeing the debt. That means you will have to repay the loan if the borrower does not. It閳ユ獨 critical that you understand and want to accept this responsibility and that you are aware of the following:
* Be sure you can afford to repay the loan. If you閳ユ獧e asked to pay and you cannot, you may be subject to collections efforts and your credit rating could be damaged.
* Even if you閳ユ獧e not asked to repay the debt, your liability for it may be included in computing your debt-to-income ratio and may prevent you from getting approval for other loans.
* Under federal law, creditors are required to give you a notice that explains your obligations as a cosigner. In addition, make sure you get copies of all important papers, such as the loan contract and the Truth-in-Lending Disclosure Statement.
As long as the person who is the main on the loan pays the payments on time, your credit will be okay...but if they miss payments, then you are responsible for them as well, and your credit score is affected just as much as theirs is.
Your credit score determines how much loans, credit cards, etc. you can get...you need to keep it above 650 at least.
NEVER NEVER NEVER cosign for a loan. If the person defaults you are responsible for the loan, and yes it will affect your credit.
Actually yes you can get student loans
It is a good way to help create a better credit record
I personally use all of the scholarships and grants I can find.I have yet to take out a loan and I have in a Bachelors program.. We still have some left over to pay some fro Christmas.
Check into the financial aid department of the college you are attending to make sure this is correct and to follow every suggestion
good luck
I made an application and got approved, but when I tried calling the 800 number to ask some questions the number is disconnected and now there is no way of reaching them. I don't even see there commercials anymore on TV. Are they in business still or did they go belly up?
I saw a commercial today on it. So, I assume they are still in business.
I saw the commercial today, also.
most loans go directly to the school...and whatever you dont use gets sent back to you in the form of a check...however with some you can choose whether or not you want it to go through your financial aid office.....
May depend on the loan. Mine was sent to the school directly.
From my own experience, it went directly to the school, then the school cut me a check for the remainder.
Depend on the loan. a private student loan go to your home. I found interesting information about your answer, here.Goodhttp://all-student-loan-consolidation.bl... luck!
Unless you need to take out private loans you do not need credit.
fill out a fafsa form and u can get loans regardless of credit score.
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So I'm curious what other people's opinions are...
Would you rather have around an $100,000 debt from USC, that's after scholarships and grants and whatnot vs. $0 in debt from a University of California School that isn't Berkeley or UCLA. I'm applying to college soon and have a pretty good chance at getting into USC but it's ridiculously expensive. I'm not very confident on my chances at UCB and UCLA, as they're amazingly hard to get into nowadays. UCI, UCSD, UCSB are more in my range. Basically, I'm curious if you would take the prestigious USC w/ crazy debt vs. the debtless UC path.
Also, please elaborate..thank you. :]
I would avoid the debt, but if I felt that the prestige of USC was important to me, I would go ahead. But, I would do my best to pay back the debt asap.
I'd rather have no debt. Think of all the money that you could save for retirement!
College is overrated. If you want to go to a big name school go ahead. I would avoid it for the same reason.
lots of people go to local universities that are fairly inexpensive and do well after they graduate. it depends on how you apply yourself. what is your major%26gt;%26gt;???? it would be nice once your out of school to not have to worry about 100,000 in debt. i would go the cheaper route.
Forget the %26quot;prestige%26quot; part of your degree and these insanely-stupid expensive degrees. It will be your grades and how you will sell yourself. Take the scholarship and work your butt off, work hard so you can get fantastic letters of recommendation for when you graduate. You didn't say what programme you were going into. Even if its law or medical..take the free ride. Take it from me. I just finished a professional degree and I'm over 100K in debt and i got a good job now and a good plan to pay it off, but if i had the choice to have a scholarship like you..I'd take it. I was meant to answer this question.
TAKE THE SCHOLARSHIP BABE...AND STUDY HARD. IN 4-6 YEARS YOU'LL BE GLAD YOU DID. GOOD LUCK!!!
I would choose UCI, UCSD, or UCSB anyway! Those are great schools and nothing to sneeze at. Trust me, $0 debt after college will be awesome. Plus, USC is in a terrible neighborhood. My mom went there for law school and she is still paying back her student loans and she graduated 17 years ago! UCLA is a good school too, it's less expensive then USC and in a beautiful neighborhood. I would still definitely pick UCI, UCSD, or UCSB though. I'm going to school online myself. Good luck to you!
It really depends on wat ur major is and wheather or not or planning on graduate school. If ur planning on goin to grad school then doin ur undergrad at a UC would be fine. But if ur not, USC is a very good school to go to cuz pretty much they take care of you when u graduate its not just a university but more like a brotherhood so u could network. In short USC should be the last university u attend. Currently im a pharmacy student at USC and did my undergrad at uci.
Usually every term that a student is in school, he has to take a loan for that term. After 3 or 4 years (with 3 to 4 terms a year) it gets ridiculous keeping track of all the loans. Especially if you attend more than one school during you training. So a consolidation loan allows you to combine them all into one loan with one payment. That single loan payment is often less because you are not paying administrative cost for a dozen loans.
While the federal government does offer such loans, not all loans are from the government. Private banks and other financial institudes also offer student loans, as they make money off them just like they do any other loans. the government does regulate insterest rates on student loans, which is why they are much lower than normal loans.
Get all the information you need online from http://www.studentloanconsolid... Report It
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Loans for students are designed keeping in mind student閳ユ獨 precious studies which entail lot of money to build the career of the person. Loans for students help the students from various age groups to support their education. Though, student belonging to various sections of society feels secure to opt for the student loan. Loans for students help the student to deal with all the expenses that are to be incurred during his education phase like it includes entire cost of the student閳ユ獨 education from tuition fees, accommodation, books, and computers to transportation and many more.
Loans for students are opened for various courses like regular, part-time, distance education etc. Therefore, depending upon the cash need borrower can avail secured or unsecured options. In secured loans for students lender favors him lower interest rate and greater amount which is borrowed for larger repaying duration. Apart from that in unsecured loans for students borrower is accountable to smaller amount and it comes at higher interest rate. Therefore, if you are searching for the student loans then you can avail many options that are suitable to your requirement.
Before raising loans for students borrower must look into the amount that a course require so that on basis of the amount borrower can raise the loan amount. This amount is depended upon the fees and other expenses that the borrowers want to cover under student loans. Student with bad credit can also avail loans for students as for that student have to take the loan along with a co-signer who has a good credit history. This way interest rate is also lowered otherwise they may charged little higher interest rate.
Banks, financial institutions, online lenders etc are ready to offer the loans for students. But students considering their precious time and finds easy to via online as it provides easy access than other source. There are a large number of requirements other than college or course fees. Some of the most crucial are computer expense, hostel charges, books and so on. The best college student loans are one which comprises all such expenses. But, to qualify for any such one, you have to give it your best shot as far search is concerned. Such purpose can be accomplished by exploring World Wide Web. You will find an innumerable number of lenders offering college student loans.
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The lenders trust students and you will also have to upkeep their confidence by making timely repayment of the loan amount of college student loans. Make sure to plan some schedule to repay the loan amount in advance to avoid any future trouble. You would also like to begin your career with unstained financial record.
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No, they are exempt from bankruptcy. I tried years ago and was told by my lawyer.
No. You would still have to pay it back...even if you do somehow manage to get it on the paperwork. The only way to get out of paying it is to die or to become 100% total and permanetly disabled.
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It will definetly help you build good credit if you make all of your payments for over one year. The one year part is critical though. If you pay it off sooner than one year then you might as well not have gotten the loan just to build your credit beause it just get wiped away. It doesn't effect it neither good nor bad, it would be like it never really existed. Also, try and get a cosigner so you can get a lower interest rate. Because you are the borrower it will show on your credit, unless it's not repaid and then it will affect the cosigner.
I have a Sallie Mae Student Loan and as long as I pay on time, my credit score looks real good.
I found interesting information about your answer, college loans, scholarships, college grants %26amp; partime works here.
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When trying to get forgiveness for a student loan, if you enter the field of special education you must meet one of several criteria. First you must go into a field that traditionally has problems getting educators. You need to work at a school that is Title 1, or receives federally funding for most of its special courses. You can also work at a school that has low SES students or is in the inner city. You must work for at least three years for the school district. You also have to send in your forms as soon as you get an assignment in one of these areas and so you are only responsible for the interest during the time that you are teaching your three years.
Depending on the type of student loan you used, you may be able to get out of repayment. Some programs excuse one year of payment for one year of work with a Title 1 school. Your supervisor will have to write a letter and you will have to produce proof of the schools level.
Currently enrolled on teaching degree part time. Have full backing from GP and currently receiving incapacity benefit. All above board and genuine!!
www.nacab.org.uk
Hi, I am a part time student on incap. As long as you are part time and not on income support top up as well as incap it shouldn't do - the thing you will have to watch out for is that the DWP (benefits agency) don't find you fit for work on the grounds that you can do a course. You are supposed to write to them and explain why you can do the course but not work - if you have your doctor's backing there shouldn't be a problem but do seek advice from the citizen's advice bureau or a welfare rights service before writing in.
Your money shouldn't be affected at all. But if you are on Incapacity Benefit, check you are not entitled to the Special Grant - this means that you can keep more of your money.
Don't take any notice of the low life who went on about 'get a job' - everyone who has been through disability and learning knows there is a massive difference between being at uni for a few hours and the work environment - if only the level of support you receive.
Good luck and keep going!
yh
My sister in law to be asked me this and I don't know the answer so I thought I'd ask you smart people.
My sister in law to be is a convicted felon (theft charges). She went to beauty school for 5 weeks. She dropped out because she got yet another theft charge and went to jail for about 4 months. Now several years later (4 or 5) they are trying to collect the entire amount from her.
Can they hold her responsible for the entire amount?
If she signed a contract they can collect. If she did not notify them she was not returning to school, they held a space open for her and lost money by not being able to get another paying student to take her place. She can try to appeal to their business manager and may get some of the debt written off.
Yes.... they can (and will) hold her responsible for the entire amount (plus interest and late fees). Being convicted of a felony does not excuse someone from paying off their debts.
If her loan is in default the fees and high interest rates make the total amount owed a great deal higher ... a loan of $1,500 could quickly become a debt of $4,000 or more. Wait 4 or 5 more years and she could owe +10,000 or more.
If she doesn't pay, her wages could be garnished and her income tax return will be confiscated.
Yes.
or other education grants?
Yes you can. But it may take a while for the reporting system to %26quot;catch up%26quot; to it being paid off. Be sure you get a letter from the lender saying the loan is paid in full. You can then show that letter to the school when your fafsa comes back saying you are in default.
Tuition is going to cost me 47,000 bucks and rent is 1,000 per month. What do you suggest. The area is so expensive or am I just being cheap. I can't even tell anymore.
DAMN!!! Is that tuition for only one year???? Where the hell you goin? If that is an accumulation for four years then that makes sense and it sounds a bit more reasonable. But if thats how much your paying to goto school then your not %26quot;too cheap%26quot; your freakin crazy. That have better damn be a school like Harvard, Yale, or something along those lines.
If your gonna take out a loan, you would probably need to see how much aid your gonna get from the governement. Then, when your school give you your award letter and your balance due, thats when you know how much to take out.
I would suggest an %26quot;Alternative Loan%26quot; and most banks and lenders have them, usually your own bank is good.
But good luck with that, I know I would NEVER take out that much money, unless Im living in the white house and going to school at Georgetown or smething...lol
Go to: http://www.studentfinancialadvisors they may be able to help.
unfortunately yes they will ..every year until you are caught up on payments.
didn't you ask for a deferment?
I just found this http://wiz.sc/studentloans article it should answer your question it has some good information on student loans.
Co-signing a loan makes you liable on that loan which means the bank can come after you.
Before completing the loan, you should have received something called a NOTICE TO COSIGNER which explains your rights. Hopefully, you kept this document.
You may be able to put a lien on his property only if the bank comes after you for the money. Have they?
If so, you can go to court and try to get a judgment after the borrower of the student loan. If you're successful, you can put a lien on real estate he owns. You could not, for example, put a lien on his car.
I don't know why you would want to do this because you won't get a penny unless your friend sell his property.
You're better off with garnishing his wages. But you still need to go to court and get a judgment in your favor.
You need to take him to court first!
nope...plenty of artists will apprentice appropropriate candidates by having them work in their shops (floor w*ore) or basic grunt work for them in exchange for their time and knowledge in apprenticing. most dont expect any time of money exchange, and your certainly not gonna get paid = )
A tattoo apprenticeship is not exacty a %26quot;higher educational goal%26quot;. If the place does not have a college curriculum for tattooing, then you are probably out of luck.
IF IT IS POSSIBLE TELL ME ABOUT IT...
IM DOWN
No, you do not have to have any credit to consolidate your loan. As long as you have a federal loan and you are not a continuous student then you can consolidate. There are many different companies that offer consolidation. They will offer give you the same base rate, they may just offer different %26quot;benefits%26quot; for consolidating with them. For example, some lenders will offer a 2% cash rebate (2% of your total loan balance) after you make your first payment, some will offer a 1% interest rate reduction after 36 on time payments, etc. Unless you have a very specific reason for consolidating (can't make payments, no forbearance/deferment time available, cannot do graduated payments, extended repayment, etc.) then you probably shouldn't consolidate right now. Interest rates are very higha nd once you conslidate and fix the interest rate you currently have you are stuck. It will never be able to be lowered again. If you have any other questions let me know!
Some information about student loan consolidation, which helped me:
http://pay-your-debts.com/cate... Report It
No the loans are guaranteed. You will just have to pay a higher intrest, and make small payments prior to graduation.
Federal student loan consolidation is not based on a credit score, but private student loan consolidation is. So, it depends on which types of loans you're consolidating.
For federal consolidation it's not necessarily true that interest rates are high so you shouldn't consolidate. Your rate will be decided by the weighted average of your current loans. It is true that consolidation isn't always right for you, but you should do some research to see if it is. Most people consolidate to get a single monthly bill for their loan (as opposed to a bill for each loan) and to extend the payment time so they have a lower monthly payment. Sallie Mae's site has lots of information and a calculator so you can see what your payments would be. http://www.salliemae.com/consolidation
Private consolidation will be based on your credit score (just like the private loans were), so if you want to consolidate, try to get your credit history in good order *before* you consolidate and/or find a cosigner with good credit.
nope...plenty of artists will apprentice appropropriate candidates by having them work in their shops (floor w*ore) or basic grunt work for them in exchange for their time and knowledge in apprenticing. most dont expect any time of money exchange, and your certainly not gonna get paid = )
A tattoo apprenticeship is not exacty a %26quot;higher educational goal%26quot;. If the place does not have a college curriculum for tattooing, then you are probably out of luck.
IF IT IS POSSIBLE TELL ME ABOUT IT...
IM DOWN
He has been working for 2 years and earning over 鎷?5,000. He only ever took out 1 loan. I heard there was a limit of 5 yrs if you don't make any payments they write it off is that true????
There is a limit for claiming back a civil debt - I think it's 6 or 7 years. If no demand for payment has been made or the person has not admitted liability.
Check with CAB or Debt Counselling service. It's under the limitations rule
Unfortunately not. I believe that they don't start taking payments until the person earns 15,000. If he is not earning this much yet then they will probably wait a few more years before they contact him to start taking the money.
They will only write off the debt if it has not been paid in full 25 years after completing his course or if he turns 65.
Your friend needs to talk to his company and tell them he has a Student Loan to pay off, they will then sort out the paperwork.
If that was true we'd all have loans like that and never have to pay them off, and the country would go bankrupt...... Well, the first part of that statement sounded fun didn't it?!
nope i think they will catch you the next time you go for a loan. otherwise it is fine . generally the banks are lenient on student loans.
not written off until you are 65 or become permenantly disabled. Unless you were permenantly disabled at the start of your course in which case you have to pay.
NOOOOOOOOOO!!!! I was at university 7 years ago and i've only just started to pay back my loan. They never forget ... if they don't catch you now they will when your seventy and get 鎷?0 in pension money!!!!
before he gets deeper in debt get some financial help you don,t want to be wondering the of your life will you get a knock on the door BANG it the bay-lifts
Depends on how long ago you had the CCJ and the amount. I suggest you call the company and ask anonymously before applying just so you know for sure.
yes
Yes. I have both.
BUT......Dont get a student loan as a way to get money, they will come looking
Yes, and on the plus side, you won't have to start paying it back until you earn over 鎷?5,000
its up to the student loans company, they may charge a higher rate of interest as you are considered a risk to creditors.
you are a student with a C.C.J allready. you dont study economics. or finances. do you. pass. wich is more than you are going to do with your exams.
Depending... you should ask a few companies
Good luck !
What references dose my employer need to have when handing my money over to HM R%26amp;C?
The SLC will tell HMRC when you finish or leave your course and will give them details, such as your name and National Insurance number. HMRC will check to see if you are working and if you are, they will tell your employer that you have a loan (but not how much).
Employers may also be told that they need to make deductions though normal tax forms. When you change your job or start work for the first time, you will have to give your new employer either a P45 or P46 form. These both have a section to let your new employer know they need to start taking amounts for student loans. If you have a P45 from a previous job, your last employer should have put a 'Y' in this box for you. On the P46 form there is a box which you must tick if you are due to start repaying your loan.
You can ring the HMRO helpline on 01355 275401 if you have any further queries or the SLC on 0845 6077577.
Can you clarify HM R%26amp;C?
Arent there companies or banks that can cosign for a loan for you, if you do not know anybody that can cosign for you?? I already have government aid, and i really must get a private loan in order to stay in school. Literally nobody in my family is credit worthy enough to cosign, all my friends are too young, and my only family member with decent credit was denied. I have to have a cosignor, or else no loan. Anybody know any solutions????
I see you're really in trap. Hmm. I believe you are undergraduate. If you were graduate, in that case it would be much easier for you to obtain loan on stand-alone basis.
Before concerning on private loan, take a chance of looking into many scholarships. You'll find them on website: www.fastweb.com.
Applying for student credit card would help you in paying off small expenses like books. I have no idea how much credit limit you would receive, but if you are full time, college student, you can receive student credit card with no established credit history and even employment. For private loan I recommend talk to financial aid office or bank specialist. As you said, you need a cosigners and all of your possible cosigners have bad credit history? No one would be approved? Are u taking typical private student loan or are u taking TERI loan? I applied once to Charter One Student Loan based on TERI, and I got to know that when they reject you, they give you one chance for reconsideration. Then you write them letter with explanation why you would like them to accept you. One more thing, parent PLUS loan I think require your parent or guardian to be only credit-ready, they don't have to be credit-worthy. Credit-ready would be for example someone who have established credit history but has no employment for the past 2 years. Credit-worthy meets all credit guidelines. Good luck. Hope I was helpgul.
Regarding PLUS loan a parent is only declined in situation which his credit is very bad. Report It
did you fill out the fafsa?? thats what i have always done and i dont believe you need a cosigner on a student loan. contact the school. they should be able to help you. i have bad credit, but have never needed a cosignor. good luck.
I have been their. What about student grants look on the computer. Their are grants for being left handed person or their our foundations. Write to Proctor and Gamble in Cincinnati Ohio also write to the oil company's also DuPont corporation, Kimberly Clark. Just write to any company some have money for students. I hope that I have helped you. Good Luck
I would go talk to your school's financial aid. I'm not sure about your school, but at my university, if you are denied a Parent Plus Loan(and it must be a Plus Loan), my school will loan $4,000 towards tuition. Perhaps look into that. Also, there is always work study, although that too is rough, most of it is need-base.
As far as private loans, all I know is that you need a cosigner, so I can't offer any advice on that, sorry.
Also, check out Fastweb.com for scholarships..there are several for different things, not just strictly academic. And they are for right now. It def wont hurt to look at.
But good luck, I hope everything works out for you.
my loan consists of 40.000 in interest on 100.000 stident loan will 50.000 be able to settle this debt in cash.
You can always make an offer! I'm assuming it was a federal guaranteed student loan.
However, I do not expect Sallie Mae to accept less than the principal balance of $60,000. Student loans are VERY difficult to discharge in bankruptcy, so they have nothing to lose by telling you no. Social Security benefits can be reduced by student loan debt. Tax refunds can be seized. You can't
So that others can pay higher interest to make up for your underpayment? Hardly seems fair.
Sure, you can make them any offer u feel like. Take a stab at it %26amp; see what happens
extremely and highly doubtful
I recently did this with some other creditors... but they were unsecured loans. I don't think student loans fall under unsecured. You can always try.
I'm gradutating this spring with a BFA in advertising art direction from a prestigious art school in NYC. The starting salary in our industry is around $35,000 - $40,000. I have a student debt of about $50,000. How can I pay this off at a reasonable rate and still be able to afford an apart in NYC? Is there anybody else in my situation? Is $50,000 too much debt for an undergrad?
Consolidating your student loans might be a good idea. When you consolidate, you can extend the term of repayment up to 30 years (depending on how much you owe). This gives you the cushion of a lower monthly payment. However, it means you will end up paying more interest over the life of the loan.
Sallie Mae has a calculator that will let you try different options and see what your payments will be. http://www.salliemae.com/after_graduatio...
Its not that much; coinsolidate your debt using sallie mae and pay it off over 30 years.
The interest rates are very low, ands it will help you build your credit.
Getting an Apt in NYC on your salary, ur on your own with that one.
consolidate your student loans, and get a fixed interest rate and find a job.. :)
it'll take you about 10+ years to pay it off. If you have a little extra money, pay more than expected every month toward the loan. The faster you pay off the loan, the better.. Depending on what type of loans you have you're actually paying something like $7,000 - 10,000 in interest stretched out over 10 years... so add that to your $50,000.. They'll give to an overall number in your statement.
yeah, that's why they're evil. Kinda like a racketeering business.
Please don't consolidate with sallie mae, use a different lender. 50,000 is much, since I have 8000 in undergraduate loans. anyway, consolidate is good and maybe think about selecting income contigency. you payments will vary by your annual salary. Also, getting a roommate could not hurt either.
went to get my refund and was informed that i had a gov debt. so what happens do i get any part of that back or none at all?
You owe the government so why should they pay you back?
They can hold it to pay off the unpaid debt. If the refund is larger than the debt, you should get the remainder back.
Deadbeat! You should have paid the loan....I at least hope you lose it all.
Yes they will take this years refund and any future refunds until this is paid in full. This only happened because apparently you defaulted on the loan by not making payments.
You should contact the lender to see if you can consolidate the loan, then start paying on it as you should have to begin with.
You can contact Financial Management Services (the agency that directs any Federal debt to be offset) at 1閳?00閳?04閳?107
You owe it, they take it.
http://loanconsolidation1.blogspot.com has good ideas and help for student loan consolidation and refinancing student loans
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I set my loan to be deferred until 2009 but I am graduating next month. I want to start paying down the balance. Is that possible? Also, if I wanted to start sending payment while in school and in deferment status can I start sending money to Sallie Mae to pay down my loan?
You can pay at any time whether in deferment or not. No need to %26quot;undefer%26quot; just make the payments.
Ugh. Sallie Mae! I would call them and ask them. Also, protect yourself they are very sneaky with payments and interest rates. I would pay them only by check with the loan number and date on the check and keep bank statements with the check picture or cancelled check. I am not sure if you can pay the principal in deferment status but I am pretty sure you can pay the interest that they capitalize each year so that you dont end up paying interest on your interest!!
I wish my advice could be helpful.And here is a good resource.Check it up.http://studentloan.online-helpers.info/c...
Like, say, if I wanted to return to school as a continuing education student in order to get another degree.
Yes, you can qualify for another federal Stafford student loan so long as you are not defaulted on any prior loans and meet all the other usual qualifications for receiving federal student aid (meaning that you must file a FAFSA, be a US citizen/permanent resident, have a high school diploma or GED, be meeting the Satisfactory Academic Progress requirements of your school, etc). Additionally, for federal Stafford student loans you must be enrolled at least half-time.
The new loan will be treated as a separate loan from your prior loan(s).
You will also be eligible to apply for an in-school deferment on your existing loans once you enroll at least half-time again. This will take your loans out of repayment, so you are no longer required to make monthly payments while you are in school at least half-time. You will need to contact your lender for the in-school deferment form, then have it completed by your college's admissions or records office to have your enrollment verified.
So, your first step is to file the FAFSA. If you plan to re-enroll for the upcoming Spring 2008 semester, file the 07-08 FAFSA right away! This will require 2006 income information. If you do not plan to start till Fall 2008 (August 08) then you can file the 08-09 FAFSA as of January 1, 2008. Apply online at www.fafsa.ed.gov.
Follow up with your financial aid office within 2 weeks of submitting your FAFSA online to determine if any other paperwork is required and for more information on the loan application process.
of course it's possible
Yes you can. You might have to pay higher interest rate, but you can.
Yes, and you get to stop making payments after you start school again. A school's financial aid dept will tell you all about it. Just give them a call. You don't have to be a student there to ask questions. They want to help you so you can come to school with them.
I don't see why not.
Yes, of course, as long as you are not in default of the other loans. When you return to school those existing loans will be deferred until you complete school then they will be reinstated and a payment schedule decided.
Good luck...
Yes, many people do this. Many people go directly from undergraduate to graduate school without paying a dime towards their loans and get a new one quite easily. (if they qualify)
Usually if u have repaid at least 75% of the old loan, they might consider granting another, by revaluating your ability to repay....
I want to get an online degree at the Uni of Phoenix and a loan from the FAFSA.
I don't have a credit card and a credit history, but my parents do own apartments in Italy and Egypt. The house here in USA belongs to my wife.
So what documents do i need to get a loan through the FAFSA?
You need to report your and your spouses income and assets from your 2006 tax returns if you want to start school in the spring of 08. You don't have to report your home or your parents homes. You also won't need to have a credit history to borrow.
You also should report any and all income for the full year for both of you. Child support, TANF, SSI, Unemployment, Cash, Savings, Checking, hidden Swiss bank accounts, everything. Check the loan maximums, at the back of the dept of book, you are going to need to know them, going to that school. It's very expensive.
You need to fill out the FAFSA application for student aid. They'll ask for income, tax information, etc. They don't care about your family's homes overseas, unless you're still legally supported by your parents (claimed as a dependent) on their taxes. If so, they'll need to report their income to the government in order for you to be considered for a loan.
Depends on how long ago you had the CCJ and the amount. I suggest you call the company and ask anonymously before applying just so you know for sure.
yes
Yes. I have both.
BUT......Dont get a student loan as a way to get money, they will come looking
Yes, and on the plus side, you won't have to start paying it back until you earn over 鎷?5,000
its up to the student loans company, they may charge a higher rate of interest as you are considered a risk to creditors.
you are a student with a C.C.J allready. you dont study economics. or finances. do you. pass. wich is more than you are going to do with your exams.
Depending... you should ask a few companies
Good luck !
Sign once or three different times for each loan.
Back in 1997 I sined for a loan %26amp; now after years I come to find out I have three loans not one.
If I understand your question correctly, you are saying that in order to pay your tuition and get the full amount of loan money that you were entitled to, you signed paperwork for a student loan. You thought you were only signing for one loan, but it turned out to be three instead. This is fairly common. Most people have a combination of student loans. They are usually a subsidized Stafford loan, an unsubsidized Stafford loan, and possibly a Perkins loan, PLUS loan, or a private student loan. Since all of the loans have different interest rates and different repayment plans, they are treated as separate loans. If all of the loans are from the same company, you only have to sign one master promissory note for all of them. You should check with your student loan company to make sure that they amount that they say you owe matches with the amount that you borrowed, but its probably legit.
Are u sure u know how much u even owe!!? Read and understand what u are signing BEFORE u sign..this is how ppl avoid major mistakes that cost $$$$.
My sister in law to be asked me this and I don't know the answer so I thought I'd ask you smart people.
My sister in law to be is a convicted felon (theft charges). She went to beauty school for 5 weeks. She dropped out because she got yet another theft charge and went to jail for about 4 months. Now several years later (4 or 5) they are trying to collect the entire amount from her.
Can they hold her responsible for the entire amount?
If she signed a contract they can collect. If she did not notify them she was not returning to school, they held a space open for her and lost money by not being able to get another paying student to take her place. She can try to appeal to their business manager and may get some of the debt written off.
Yes.... they can (and will) hold her responsible for the entire amount (plus interest and late fees). Being convicted of a felony does not excuse someone from paying off their debts.
If her loan is in default the fees and high interest rates make the total amount owed a great deal higher ... a loan of $1,500 could quickly become a debt of $4,000 or more. Wait 4 or 5 more years and she could owe +10,000 or more.
If she doesn't pay, her wages could be garnished and her income tax return will be confiscated.
Yes.
please answer! :]
It depends on where you are studying Kitty! If you can prove your worth and the need for financial help, you should get it as it is generally not the policy of education administrators everywhere to deny education to someone due to lack of finance!
Student visas DO not allow you to work.
no you can't work
the loan is depend on where you are studying
you'd probably want to contact the people who issue your loan about this...
Yes
A Financial Aid term for taking out money for living expenses or buying a computer is called %26quot;Additonal Funding%26quot;. You may only be able to borrow this through your school with Stafford loans if your tuition is lower than what stafford loan limits are for a student with your grade level( 7500 for freshman,8500 for sophomore,10500 for Junior/senior,18500-20500+ for Graduate). If you do not have stafford Loan eligibility left, you may borrow private education loans. Choose a lender(bank) which offers lower interest rates and no hidden fees. One lender that sends money directly to you in %26quot;Next Student%26quot;. Their site is www.nextstudentloan.com. Call them at 18776809879 for terms and conditions as well as interest rate and fees information. I hope this helps
I just found out my school I閳ユ獫e been going to for the past quarter is not accredited for the degree I'm pursuing. They failed to tell me that little fact. I found out through the grapevine, and then confirmed it with the Academic office. Turns out that's true.
So now I want to get out, and go to a better school down the street..that just so happens to be a cheaper and IS accredited.
My question is...I took already took out a Federal Stafford Loan with this school, will it transfer with me to the other school? Or will I need to cancel this one and start a new one at the new school. And can I even start a new one if I had one already?
You'll need to add the new school to your FAFSA and go through their application and financial aid process. At your current school, you'll need to go through the official withdrawal process. Make sure you double check with the financial aid office as they may have a separate form that you'll need to fill out to cancel your awards for the year. Your new school won't be able to process your loans until they do so. Also, always contact your lender when you change schools, enrollment status, etc so they can notate it in their system.
You should speak with the financial aid office at the new school.. I am guessing it won't matter one way or the other.
Yes, you will have to add your new schools code on your fafsa. But what happens next really depends on how much of the fin aid you already received. If your old school is on quarters and this new school is on something different...you could have a problem. You could ask your old school for what time frame (Get specific dates) the fin aid was for. You are then obligated to attend the unaccredited school during that time. You can't transfer your loan or your money in the middle of a semester.
Good Luck
