Student Loan Advice
Student Loan Advice - College & Student Loan Guide
What Is The Best Way To Pay Off My Student Loans Early and Save Money?
Megan B from Nebraska asked: Can you tell me of a quick you to pay student loans? I owe about 20k and my interest rate on the student loan is 6.5%. My monthly payment is around $200. Any suggestions please?
Are there any student loans for students with bad credit?
Charles Q asks: I am returning to school in the fall but am short quite a bit of money. I need a student loan to pay for the rest of the first year, but I have really bad credit due to poor decisions I made some years ago. Does anyone know of any places, programs, or banks that have a program for bad credit student loans? I’d appreciate any help you could give me.
What happens to the status of my student loans if I transfer to a different college?
Andy M asks: I thinking about transferring to a different school but I still have student loans from my previous school (Sallie Mae and Federal Direct student loans). Are there clearing houses or other programs that my new enrollment status will be sent to so that the lenders are aware that I haven’t just stopped going to school (and thus cause my college loan payments to become due)? Do I have to obtain enrollment verification from my current school and send it to each of my lenders?
What Loan company will take over my federal student loans when the loans are in default?
Lem C asks:
What Loan company will take over my federal student loans when the loans are in default? My loans are government loans from Saillie Mae. I owe them under $5000. I heard about this company that will take over your school loans from them but I don’t know the name of the company. I am at the point where I can’t get a federal student loan until I pay this off. I really need some student loan advice!
Will a Loan company take over my federal student loans if the loans are in forbearance?
Bob asked: Will a Loan company take over my federal student loans when the loans are in student loan forbearance? I need to go back to school. My loans are government loans from Saillie Mae. I owe them under $5000.I heard about this company that will take over your school loans from them but I don’t know the name of the company.
Answer: You might be eligible to get all or part of the interest paid while you go to college. No one will “take over” your loans. You will still owe the money to your lender when you are in forbearance. They will simply add interest every month while you are making payments. Student loan forbearance does not lock the interest rates on your student loan.
How hard is it to get student loans?
Question:
Do most students get approved for student aid? If so, for how much usually? Do you choose the amount you want to borrow? The reason I ask is because I need to take out a student loan to pay for study abroad this coming summer. I don’t want to take out a private student loan. Are student loans difficult to be approved for?
What student loans are available to me at mid-semester?
Question: I need money for basic living expenses. I attend a community college. I’m currently enrolled for 10 credits so I’m not quite full time, but I plan on being full time in the winter semester. Are there any student loans that will help me pay for basic living expenses? Any mid semester student loans?
How do they process your student loan application when you’re at your borrowing limit?
Question: I have just a little over $4000 left on a student loans, and I have two semester left to complete college. This fall, I am taking additional courses but in the spring I am only taking one or two. Will they offer the remaining of my loans for the fall semester, and I can use my pell grant for the spring or will they split the remaining student loans between the two semesters?
What kind of loan can I get to consolidate private student loans?
Question: I have over 100k in private student loans from several private lenders. The interest rate is out of this world due to my bad credit. Is there a way to get another loan to pay this off at a lower interest rate? What kind of student loan debt consolidation program should I be looking for? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments. Is there something like this for people like me with private student loans?