Government Debt Consolidation Loans – Update

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

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.

government student loans

shannyn0424 asked:


I AM UNEMPLOYED AND MY HUSBAND IS EMPLOYED. I AM CURRENTLY IN DEFAULT ON MY STUDENT LOANS. CAN MY HUSBANDS TAX REFUND BE TAKEN EVEN THOUGH IT IS NOT HIS LOAN? I KNOW IF I HAD TAX REFUND BASED ON MY EMPLOYMENT IT WOULD BE SEIZED BUT I AM NOT SURE REGARDING HIS. THANKYOU.

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uslambo182 asked:


i owe nearly $100k, all government loans. theoretically, what would happen if i just stopped paying? I could care less about a ruined credit score, the only and most valuable item i owe is a 5yr old computer so i don’t see collection agencies being able to take anything away from me, i have no desire to ever own a house or a car or any other ‘things’, and i am living very happily in a place far away from the US. I don’t owe taxes in the US so there’s nothing they can take from me.

Theoretically, what’d happen if i stopped paying? I’m not able to defer the loans any more either. Would i go straight from the airport to jail if i ever came back to the States?

I’m looking for legit info. thanks.

government student loans

Dadof4Kiddies asked:


I want to get some financial help with going to school, I have 8 more classes until I get my bachelors.

I am a stay at home mom of one child (living in California) and my husband makes $46,000/year.

I have a 3.78 GPA and I am hoping I can qualify for some kind of grant or get some free funding from the government.

Can I still get my college tuition and/or books paid for if I only take one class (3 units) a semester? If I don’t get my schooling paid for, can I get a loan that doesn’t accumulate interest if I am only taking 3 units a semester?

I need advice! Thanks!

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malibu asked:


This semester I have a surplus of government loans– basically I got them but I don’t need them. They are Stafford loans, 2 are unsubsidized and one is subsidized. There is about $4500 total. Right now, I owe about $5500 dollars on a Sallie Mae private loan my dad cosigned. I have heard really awful things about Sallie Mae and that the company is corrupt. Plus the interest keeps building up. I would love to be rid of my debt to this company and I fear it growing any larger. Can someone tell me if it would be a good idea to put the Stafford loan money I got this semester toward the Sallie Mae loan? Would I be in a better place, would it be worth it? THANK YOU!!!

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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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unthottie05 asked:


I am a sopohomore in college and I need a $3000 loan.. I am looking for one that is low in interest rate or one that the government pays the interest while I am in school.. any ideas would be greatly appricaited..

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unthottie05 asked:


I am a sopohomore in college and I need a $3000 loan.. I am looking for one that is low in interest rate or one that the government pays the interest while I am in school.. any ideas would be greatly appricaited..

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japayne3 asked:


I have about $140K in student loans and am trying to find a company (in this poor economy) that will consolidate them for me. Nelnet and Sallie Mae are no longer offering consolidation. Any helpful tips that you can provide will be GREATLY appreciated.

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