Government Debt Consolidation Loans – Update

Matadors_Mommy asked:


I currently have 2 active government student loans and 2 government student loans in deferment. I am wanting to drop two of my classes this term, which will put me at 6 credit hours (which is half time). If I withdraw from these 2 classes, will it effect my student loans or grants? i.e., will I have to start paying them back right away?

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Ben asked:


I am a college student who just had an emergency appendectomy. I have no health insurance and am already taking out 100% of my college tuition in student loans. I have a government internship and an working part-time. I cannot afford these medical bills at all, and I have no idea what to do or how to get help with paying these bills. Can anyone give advice on where I can get money or even how to get rid of these medical bills? Thank you!

government student loans

psm23 asked:


How much financial aid can a student receive from subsidized and unsubsidized student loans?

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bigdukeydog asked:


I’d like to find a way to get money from the government and other organizations that doesn’t need to be repaid.

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neurogrrl asked:


I am a medical student and will have to go on “away” rotations in order to graduate. Some of them are in rural areas. I would be perfectly happy not to have a car, but I don’t think I can graduate without one. My class load is too heavy to work any kind of steady job. I’m wondering how exactly the federal government expects people to handle this situation.
Cardtapper: my point is that the car *is* part of my school expenses. If I were not in school, I would not need it. I have survived many years of adult life without a car, but I have walked and used public transit. This is not an option when on a rotation in an isolated rural area.
Also: I was looking for an answer from someone who can actually explain this to me. I am well aware that it is not the government’s job to solve all my problems, but I don’t think it’s that much to ask to have transportation expenses covered when I’m faced with constantly changing, often rural locations and odd hours, especially since I will be paying the money back! (Re: making “bank” there are some ethical tradeoffs involved, and the whole system will likely change in the next few years)

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Tom asked:


I’m creating my first personal financial statement and on my balance sheet I don’t know if I should class my student loan as a liability. I’m in the UK so it’s not a private loan but rather a government loan tied to the rate of inflation and not payable until I am earning £15,000 per year. I know it’s ‘good debt’, but I don’t know if it is a liability. Can anyone advise me?

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The Unfunded Liability asked:


Since there is no risk in it for the college because everything is back by the government, cant schools just raise costs whenever they want and not worry about loosing students?

it is all guaranteed, the student will pay whatever it takes to get an education? Is this right?

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Brad M asked:


http://video.foxnews.com/v/4121296/the-well-has-been-poisoned

According to Senator Graham: “Student’s pay more for loans and have less choices” under the federal takeover. Graham claims that students will spend $1700 to $1800 more on their loans since the Federal Government is taking over the student loan industry. The reason he explains, for this government takeover is to charge higher rates on student loans that will generate revenue to the government instead of the banks to help fund the new health care bill.

What do you think about this?

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cowboys fan asked:


It is not likely that I’ll be able to receive a stafford loan from the government but I will be in need of a student loan. I want to be able to attend a CUNY school, most likely Baruch, which is very affordable and I just was curious if anyone had any knowledge on this subject.

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weak asked:


what happens if you get a government loan for college, and don’t pay it back? I wonder, because I want to make sure I am not biting off more than I can chew.

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