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Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help

Does anyone know the penalties of defaulting on a student loan?

I was wondering if anyone knew what the penalties were of defaulting on a student loan. My loans have changed hands so many times and I’ve tried consolidation and all that seems to do is get me in more hot water. The other day I was sent a letter stating that I was about to default on a loan and that I would be subject to litigation. How much jail/prison time is involved? I’ve gotten to the point where I don’t care anymore. I mean suing someone for not having money is stupid, but our justice system lets it happen all the time. … Read entire article »

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Any proposed student loan debt elimination programs or interest rate reductions?

Has anyone heard if Obama’s new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation? … Read entire article »

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Debt consolidation and student loans question?

I’m trying to repay my debt but I am having a very hard time. I have about 40k in debt including interest I’ve accumulated (over estimate, to be safe) most of which is 1 private and 1 federal student loan (probably 35k worth) and the rest are utility bills that are years past due. I’m in my twenties, not a home owner, and currently not a student. Most all of, if not all of, these debts have already gone to collections. I work a job with unsteady hours so I’m never sure how much my pay check will actually be for, this makes it very difficult to budget. Not to mention, I simply don’t make much money. I’ve been actively looking for a higher paying and steadier job but haven’t … Read entire article »

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Is it possible to consolidate both federal and private student loans into one consolidation, or do I have to?

do it separately? … Read entire article »

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Is it a silly idea to get a debt consolidation loan to pay off another loan?

Someone told me to do that to pay off my student loans and credit card bills. … Read entire article »

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How do I consolidate my defaulted stafford unsubsidized and subsudized student loan held with the Dept. of Ed.

My student loans are in default but I have made the last 3 monthly payments of 50.00 each and on time. What else do I need to do to get the loans into consolidation and out of default. Why? I wish to enroll in a program to go past my Associate’s Degree, and I need student financial aid. I was incarcerated for over 7 years and now I wish to better myself and move forward with my life. … Read entire article »

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My wife’s student loan fm AES is OVER 10% interest: as a single loan, is there any “consolidation” option?

I know that consolidation from multiple loans is possible, I just would like to know if there are any lower interest options out there. American Education Services is killing us with this high interest – and the quicker we pay it off, the higher they raise the interest! … Read entire article »

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debt-consolidation loans [student loans]?

i need some info about “debt-consolidation loans”. im trying to get a loan and i’ve heard that these are have low and fixed rate of intrest. but i don’t know if they are staffurd loan or not.[federal pays the intrest while im at school?] btw if anybody know a good student loan let me know, so i can apply… … Read entire article »

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Student loan rates will be dropping, but my lender doesnt offer consolidation!? AES success Loan.?

So I have 3 small student loans with AES success. Since I heard student loan rates dropping, I was planing on consolidating and making it fixed. However, they do not offer that service! Is it possible to go through a different lender to consolidate the loan? any suggestions? … Read entire article »

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Can I put private education loans in my federal consolidation loan?

I was just called by Sally Mae; the very rude collection agent was demanding that I make payment immediately for my loan that is 60 days overdue. I am currently doing the paperwork for a William D. Ford Federal Direct Loan to consolidate all of my student loans together. The agent told me that would not take care of this loan because it is a private student loan not a federal. Is this true? What options do I have if any to get all of my loans consolidated together? … Read entire article »

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Student loan companies?

Who can I contact when my student loan consolidation company keeps lying to me? … Read entire article »

Filed under: Student Loan Help

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