Posts tagged "student loan"

Student Loan Lifetime Maximum – Do You Know Yours?

Know Your Student Loan Lifetime Maximum!

The world is in a state of financial regression. A lot of companies and industries have shut down. People after people are laid off by their employers trying to cut back on costs and budget. It is not a mystery why college students often resort to college student loans. Some get lucky because their parents’ businesses or source of income somehow survive against the global recession and can therefore afford to send them to college. But for those lower halves of society’s pie-chart, knowing and understanding student loans are a big help… most especially, when it is about student loan lifetime maximum.

Am I Responsible For My Ex Husbands Student Loans?

Penny M. from Oregon asked: I’m an older woman who wants to go to College. I have two kids that are 10 and 13. My problem is that every time I apply for student loans, they decline me because of some outstanding student loans that are my ex-husbands. I’ve been told by more than several of these loan companies that since we were married, I’m responsible for half of these loans. It doesn’t seem fair that I can’t get a Student Loan because my ex-husband didn’t pay off his $30,000 student loans. I can’t afford to pay these loans myself and my ex husband refuses to pay on them. How can I get money to go to College?

Can I consolidate my student loans if they’ve been taken over by a creditor?

Robert J asks: I have two student loans for about 3000 dollars each. I have been unemployed for several years taking care of my kid and haven’t make any payments on the loans. Now a creditor has taken my student loans over. I now owe 9,000 thanks to fees, penalties and interest. Is there any student loan companies that will take them over and I can make payments to them at a low interest rate? Now that I’m working, I’d like to start making payments on my student loans.

How do student loans for college work?

Question: How do student loans for college work? Are they different from traditional loans? Are they harder to get than traditional loans? Is there such a thing as a student loan that you wont have to pay until your job starts? Are there better options to student loans?

Answer: Most student loans work like traditional loans. There are a few exceptions, but all in all, student loans have to be paid back, interest and all.

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?