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Negotiating Repayment of Student Loans

 
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Steve808us

External


Since: Mar 05, 2006
Posts: 1



(Msg. 1) Posted: Sun Mar 05, 2006 9:46 am
Post subject: Negotiating Repayment of Student Loans
Archived from groups: soc>college>financial-aid (more info?)

I see that Steven Blank is somewhat of an expert in student loans. I
have a question concerning repayment. Lets say I make about $3200 per
month gross, I take home about $2040 a month in net pay (damn taxes,
medical insurance etc...) My monthly expenses (car/house
payments/utilities/food/etc) are about $1900 a month. I got a letter
that the holder of my student loans won't do income sensitive
payments. How can they get blood out of a turnip? How can I negotiate
repayment amount that I can handle?
Any informed help is appreciated.

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digidan

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Since: Mar 10, 2006
Posts: 7



(Msg. 2) Posted: Fri Mar 10, 2006 3:41 pm
Post subject: Re: Negotiating Repayment of Student Loans [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

Look into loan consolidation or refinancing
Get a low rate and lock it in now, rates will go up in July - see the
story at
http://www.financial-options.net
the site also has links to consolidation information rates, payment
calculators and FAQs

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edvisors

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Since: Mar 30, 2006
Posts: 19



(Msg. 3) Posted: Wed Mar 15, 2006 10:02 am
Post subject: Re: Negotiating Repayment of Student Loans [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

Steve, if your lender refuses to provide you with consolidation
services or income contingent repayment plans, the department of
education's direct loan consolidation program will do it for you. Call
1-800-4-fed-aid for more information.
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