just me asked:


HELP! I need help finding a private student loan. I have no credit history myself and every cosigner I have has been denied due to bankruptcy or bad credit. I only receive a small amount of money from government loans and that amount doesn’t even cover a quarter of what I need for the year. Does anyone know of a private student loan that is not credit based or a loan that I would be accepted for even if the cosigner previously had bad credit?

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agactual asked:


I am trying to get student loans through the government, for grad school, and I am not sure what is going on with my income status. My parents wanted me to fill out all of my future student loans on my own. They didn’t want to get involved anymore.

In the FAFSA it asked me to state how much money I made in 2008, which was $0. I didn’t have a job while I was finishing my last year as an undergrad. I paid most of my bills with student loans and money that I had saved up from a previous job. So it says that I am a low income student.

The problem is that while I made $0 last year and will probably only make $4000 this year, my parents, whom I still live with and may still claim me as a dependent, make a combined $100,000 a year. Even though I do pay most of my bills and make very little money, would I be lose the aid i was awarded or have to start the whole process over again, because of how much my parents make?

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edward asked:


WHy does the government want college students to consolidate their studnet loans once we graduate? What is the benefit in doing this? I jsut graduated and dont know what i should do, i just remember hearing that i am supposed to consolidate my loans..

thanks

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minibikemulisha asked:


I have $15,000 in government student loans at 5.5%. They go back into repayment in 6 months. I’m just entering the work force and I’m thinking about doing a graduated repayment plan, it will rise as I make more and inflation rises. I have $20,000 saved in my bank account from work and saving. One friend of mine told me to use half of the $20,000 towards my loans before I consolidate making my loans at $5000, but that is money that didn’t come very easy for me and not very easy to make back since my income is currently low. Another friend told me to put my loans into repayment and invest my $20,000 I have saved and use my student loan interest tax write off to put towards taxes I have to pay from my investing. Use the money earned to pay my student loan monthly payments. I have no credit card debt, mortgage payments or any other debt besides a small car loan.

Any advice towards this situation would be great. If I should invest I’m open to investment advice, I’m not familiar with investing and I know the stock market is a mess at the moment. Thanks for your time.

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Shar asked:


My daughter started taking a college course online with Ashworth college. She did not borrow money from the federal government or take out student loans except she had to pay the school directly.

It has been years since she was enrolled with them and dropped out without paying the remainder of the course.
Now all of a sudden they are hounding her for their money and offering settlements.
Since this isn’t a federal student loan or a bank loan, how long of a period has to elapse before they can start contacting her again? I think it’s been 7 or so years since she heard anything from them until now.

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dahlia asked:


Our private student loans are KILLING us. We can not make ends meet anymore. There is not a lot of credit card debt, less than 2k, but our car payment is high too because of negative equity from previous vehicles. The government student loans have been consolidated and aren’t too bad. Is bankruptcy the only option?

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Josh asked:


I’m curious about attending community college. I currently work full time and am interested in finally going to school. Unfortunately I cannot even afford going to community college due to being weighed down with bills and credit debt that I am now paying off. I know if I went to National University I could get loans to pay for everything but not so sure how that works for a community college. I’m interested in doing all my general ed at Grossmont or Miramar College which would save me a LOT of money in the long run since its about $1500 per class at National and about $100 at community college. Does the government/banks even offer student loans for people to attend community college? Or should I just put this on the backburner for a couple more years?

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chelsy132 asked:


I have been in and out of the hospital and am unable to work , my husband makes over $55,000 a year but we are a family of 5 crammed into a 2 bedroom apt. He has student loans and bad credit from divorce. He had a home from his previous marriage, but I have never been a home owner. The question is how can we get out of this hole we are in and start moving on with our life? Iwant to try to be in a home b4 my 3 yr old son starts school.. because the schools where I currently live are unsatisfactory. we currently pay $650 a month in rent .. which is more than most of my friends house payments so I am wondering how do I get started trying to improve our situation and get into a home .. with $1,000 in debt each month and no way to possibly save for a down payment of any kind. We have paid our rent every month, that is one thing we do make sure gets paid . have been in and out of the hospital and am unable to work , though we have not asked or have been receiving any assistance what so ever. My conditions include spinal bone growths, organ failure and chronic pain , which makes it difficult to just care for my son and my 2 step sons (which are all under the age of 12), Since my doctors have told me I am physically unable to work right now options for going back to work are not really there. My husband works 12 hour days at his job, that he has held for over 7 years. We have 1 car( that is paid off). Our rent of $650 a month that we do pay does not include our utlities or anything else. Our phone bills, electric, cable, water all get paid as well and we have a good payment history with them as well. Our credit debt includes :my husbands government student loans, credit cards from his previous marriage, and one month of car insurance not paid by me after I went into the hospital.
we are looking for a home in the $50-$100k price range .. so that we can make our payments.

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DminiknBonita asked:


Do they have the best rate? After all, THEY ARE the government, whom regulates rates, correct?

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wrestler1983 asked:


I have 70k in PRIVATE loans 60k in government loans. Is there any help I can get for these? All I read about on the web is about Federal programs. I am a teacher, I make 35k a year. I cannot keep up with near 900 a month and rent bills etc. I am enrolled in a loan forgivness for my federal loans, but thats fine and dandy, its these evil private loans I need help with. This is literally ruining my life which I went to school to make better. I would have been better off working at walmart for 4 yrs and learning a trade. Help me..

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