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Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help

Student Consolidation Loans: Good or Bad idea?

Recently the reality stick has hit me hard: with the current set up i have, i’d owe about 400$ a month in student loans (both federal and private). That sucks pretty much. But this is also because i’m not exactly full time in my career-type job. I’m lucky in that i get to go back to school and happy deferment land, but it gets me thinking that a consolidation would be kinda awesome. They warn that it’ll fix the rate at the average, and if i’m not paying so much against principle i’ll be paying back longer, but if have the one interest rate, and pay back as if they were split (say i’d only owe 65$/mo consolidated, but around 200$/mo for just the federal) Wouldn’t i be applying more … Read entire article »

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Rapidly Rising Student Debt Harms Low-Income Students

The Federal Reserve Bank of San Francisco looks at student loan borrowing and default. Student Loan Ranger … Read entire article »

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Student Loan Repayment and Consolidation?

Hello everyone! I just graduated and have about $100,000.00 in total student loans including Govt. subsidized / unsubsidized Stafford Loans and Private loans. About $50,000 is in Stafford loans with an interest rate of 6.8% and $50,000 in “Signature Private Loans” at about 10%. They are all with Sallie Mae. I’m in the 6 month “grace period” now. I’ll be going to graduate school starting this spring (in seven months) Any advice on if/how/with who I should consolidate my loans with and how do my interest rates look. Any ways to get them lower? I have great credit, a co-signer with great credit and a full time job. Any help on figuring out the best way to pay this stuff back/make my payments lower, would be great. Any other advice is also … Read entire article »

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Student Loans Consolidation?

From what I understand, loans consolidation means to stabilize the interest rate from going up right? What if the government cut the interest rate? I mean when I consolidated my student loans last year it was 6.25%, now I just heard that the government cut down the rate to nearly half. So do I have to pay back my loans with 6.25% interest rate due to the consolidation or the new low rate? Thanks … Read entire article »

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Someone forged my name on a consolidation loan for a student loan and the company won’t admit its not mine.

I have filed everything the company (Direct Loans) has asked for including a police report, notarized signatures of my signature, copy of my drivers license and SS card. The forged signature is so sloppy that a first grader could tell its not mine. I have also went to the Federal Omnibudsman and the Inspector general over this to no avail. I have been told to get an attorney to sue tham but I will have more in attroney fees to fight it then whats its worth. And there is no guarantee that I will get arttorney fees if I do win. Does anyone know of a court case that I could look up to read so I can file the suit myself? Or how I could resolve this? … Read entire article »

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Will paying off student loans early increase your credit score?

Will paying off student loans early increase your credit score? Can you defer after student loan consolidation if you go back to school? Will your Stafford loans accrue interest in deferment if you consolidate them and go back to school? Thanks, what about if you consolidate subsidized Stafford loans with unsubsidized Stafford loans? … Read entire article »

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Is there any way to lower your monthly payments for you student loans after consolidation?

Filed under: Student Loan Help

Defaulted Student Loan $75K and unable to pay.?

I owe $75,000 on student loans, which is delinquent now. I am surfing the Internet for a solution that I doubt I will find. I make around $ 1100.00 a month. How can I get red off this big time student loan? Loan consolidation does not help, simply I am unable to pay, I work under people who have less education than I do. Man this sucks and is humiliating. Please somebody give me some hope and a way to get a decent job. … Read entire article »

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What is the best way to manage multiple student loans?

I need to find someone to talk to about student loan consolidation, for both federal and private loans. What would be a good resource? I inquired at my bank but they don’t handle this. I should add that I’m trying to get away from Sallie Mae, I heard a report on NPR about how much money they make from interest rates and I don’t want a financial relationship with them anymore. … Read entire article »

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Can federal and private student loans be consolidated?

I have recently heard that private student loans cannot be consolidated, only federal student loans. Is this true? I just graduated from college and I mainly have federal student loans, but I also have one private student loan. I have always assumed that student loan consolidation meant consolidating all of your student loans. Can anyone help me out on this or does anyone know if some places consolidate both? … Read entire article »

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What lenders offer consolidation for student loans in California?

I want top consolidate some federal and private student loans from graduate school. Any lenders out there that are doing this? Thanks … Read entire article »

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