Welcome to StudentsForum.net!
FAQFAQ   SearchSearch      ProfileProfile    Private MessagesPrivate Messages   Log in/Register/PasswordLog in/Register/Password

Student Loan Repayment

 
   Your Students Forum and Resource Site! (Home) -> Financial Aid RSS
Related Topics:
Stafford Loan repayment while abroad - Hi, I am obtaining a stafford loan in the US. I will be studying and hopefully working in England or elsewhere in Europe For the loan, I have to repay a certain amount each month. If I am living abroad, having these payments

Early repayment of a Subsidized Stafford Loan...? - Hi, I'm in school next spring I'll be finished and my Stafford loan will enter repayment 6 months after that. I haven't borrowed much (2625$) and I have a stable source of income now. I'd like to send the bank my extra money and..

Negotiating Repayment of Student Loans - I see that Steven Blank is somewhat of an expert in student loans. I have a question 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

Uses for student loan - In the 1980s I heard of people buying cars, furs, stocks on student loans and the colleges even it in order to get their loan quotas up. Is it true that today the loan money only goes to the college? What if the student has living..

Student loan - Forgive me for not this first. I am asking this for a friend of the family. She is in her last year of high school. Her mother has found a new boyfriend and from what I has left the girl to pretty much fend for herself. I do..
Author Message
tes

External


Since: Feb 06, 2008
Posts: 1



(Msg. 1) Posted: Wed Feb 06, 2008 1:22 am
Post subject: Student Loan Repayment
Archived from groups: soc>college>financial-aid (more info?)

If you are having trouble paying for your education, waiting it out is
not an option. There is no statute of limitations on government-
guaranteed student loans, giving Uncle Sam unlimited time to collect.
Fortunately, there are some options.

Telemarketing fraud caused losses of more than $1.7 million in 2003.
Total Internet fraud losses equal more than eight times that figure.
Obviously, you should steer clear of get-rich-quick schemes and
suspicious "contests." Unfortunately, thieves adapt as consumers
become educated; fraud has seeped its way into more trustworthy covers
including "charities," credit repair, loans, travel, online auctions
and work-from-home offers. Following are some ways to foil fraud:



-Consolidation. You may be able to consolidate several loans into one.
Many consolidation loans offer students the opportunity to repay their
loans over a 30-year period at a favorable interest rate. While
consolidating your loans may decrease your monthly payments, keep in
mind that increasing the length of time it takes you to repay may
increase the total cost of repaying your loans.

-Deferment. You may request a deferment, or temporary suspension, from
your lender if you meet certain criteria such as being unemployed or
re-enrolled in school. If you have a subsidized Federal Family
Education Loan (FFEL), Direct Stafford Loan, or a Federal Perkins
Loan, you do not have to pay interest during deferment. However, if
you have an unsubsidized FFEL or Direct Stafford Loan, you must
continue to pay the interest. If you apply for a deferment, you must
make all payments until it is granted; you can't get any deferment on
a defaulted loan.

-Forbearance. If you are not eligible for deferment, you may request a
temporary suspension or reduction of payments. Forbearance can also be
an extension of the time you have to repay your loan. Unlike
deferment, interest accrues, and you're responsible for repaying it,
regardless of the type of loan you hold.

-Cancellation. Perhaps every student dreams of having their loans
dismissed and, in some rare cases, it is possible. For example, your
student loan may be cancelled if you become permanently disabled or if
your school closes before you complete your program. Keep in mind that
cancellations are not granted for financial difficulty.

Brought to you by
http://www.StudentLoansOnlineGuide.com
Your 1 Stop Student Loans Resources

 >> Stay informed about: Student Loan Repayment 
Back to top
Login to vote
Display posts from previous:   
   Your Students Forum and Resource Site! (Home) -> Financial Aid All times are: Pacific Time (US & Canada) (change)
Page 1 of 1

 
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum



[ Contact us | Terms of Service/Privacy Policy ]