Posts tagged "student loan advice"

Student Loan Forgiveness – Some Of Your Options

When you have applied for a student loan, received it, went to college and then graduated but end up finding yourself unable to repay the loan at anytime during the payback period, there are things that you can do to minimize or simply wipe off your debts. This is called student loan forgiveness. Since there are many borrowers who have not paid their debts, this program was designed to give them an option on paying back their debt through social work. Although this is not a total guarantee that your student loan debt will be forgiven, it’s at least one way to pay back your student loans when there are no other options for you.

Student Loan Bill Goes To President

Well, you know it had to happen. The Student Loan Bill goes to the President for his signature. This will put many of the student loan subsidies under the Governments control…yikes! You know, the same government that thought it was a good idea to bail out banks and auto companies. The same Government that started the Cash For Clunkers program and underfunded and miscalculated, not once…oh no…but twice in two months!

Why can’t students get a break on paying back student loans?

Jan B. from NJ asked: Seeing how all the big companies are getting bailed out and getting tax breaks, why can’t they give us students a break on repaying student loans? I’m having a hard time trying to buy a home or car because of my Student Loans. It doesn’t seem fair to me.

What are the best companies to get private student loans from?

Brenda R. From Alaska asked: I am in the process of looking for a private student loan to cover my tuition and living expenses during college. I was told that an Astrive Student Loan is a good company to use. Are there any other good companies where a person with bad credit can get a loan? I really need some private student loan advice on this matter.

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.