PRIVATE LOAN NIGHTMARE! How to settle the debt?

Posted by admin | Financial Aid | Monday 8 August 2011 6:21 pm
addyo44 asked:


Please please please someone help!! I have had a really rocky time with undergrad (in and out) and have yet to finish. I owe over 100k in private loans because of my personal obstacles. Now it looks like I have my act together, and I am finally on the road to finishing my degree, but I am on my last year of in school deferment for my JP Morgan/Chase private loan. Right after getting my degree, I’ll be on my way to medical school. I already work full time and barely can pay the monthly minimums on 3 loans already in repayment, and after this year, my other 4 are up for repayment as well. I can’t consolidate because they are private and our economy ***** so much that no company is willing to take on private loan consolidation of 100k total.

IS THERE ANY OPTION to extending in school deferment? I have read from some places that you have up to 60 months, which is just 5 years. What about continuing on to grad/medical school?? Is there a way to extend in school deferment?

Lastly - I know you can cancel/forgiveness on federal loans….is there such a thing for private loans??

I **** PRIVATE LOANS! Please help - I have no other solutions…I’m financially on my own and do not have any support from anyone. I made a bad decision, and all I want to do is become a great doctor. This is looking impossible with this debt. Once my 7 loans all come into repayment, I will be unable to pay monthly minimums. Even if I do forebearance, I will still be unable to pay the lowered monthly fee on 7 of my loans, considering I will be in medical school. Please help!!!

debt solution

Can I use a student loan towards my car?

Posted by admin | Financial Aid | Saturday 23 July 2011 2:04 am
jade asked:


My parents pay fully for my education (my dad makes a lot so I dont need financial aid). Recently my car pretty much blew up and I need a new engine. My parents don’t pay for anything other than my education so I’m on my own… The only problem is I dont work during the school year because my school work is really intense. I looked at getting a regular loan but the lowest I could get it for was $3000. I was looking at student loans online and I could get them as low as $1000. Now my question is, can I get a student loan and use it towards my car (my engine/labor is only around $1000)?
My dad is super tight with his money… I’ve bought everything myself (including my car) since I was in 3rd grade. I’d get $100 or so every year for school clothes. That’s pretty much all they’d buy me. Basically they dont want me to be a spoiled brat.

So what do you guys reccomend I do? He’s making me get a loan. I have no choice there… But should I go ahead and try to apply for a student loan?

I make roughly 4-5 thousand dollars a year through working during the summer and xmas break.

loans online

Can I get a loan for college if I have bad credit?

Posted by admin | Financial Aid | Monday 11 July 2011 3:03 pm
Paula asked:


We have bad credit now because my husband had no work for so long. Can I still get a college loan using the IBR?

bad credit

Are there any special grants/loans for a person 40+ entering nursing school?

Posted by admin | Financial Aid | Monday 11 July 2011 7:05 am
Chris asked:


I’ll be 40 in January when I start nursing school. A relative insists there are special grants for someone like myself but I cant find any information online.

loans online

Can I get a loan for and online school?

Posted by admin | Financial Aid | Tuesday 5 July 2011 1:20 am
Legato-perfecto asked:


Hi, I want to go to an online (Phoenix, Berkley, Kaplan, ect) school, but i haven’t decided what to study - I know i need to do something.
I’m 30, no kids, unmarried, and i’m poor.
Do you think i could get a loan without a cosigner?
Please don’t tell me how crappy online schools are, I just wat to know about getting Financial Aid.
thanks

loans online

What happens if your loan check gets stolen?

Posted by admin | Financial Aid | Monday 4 July 2011 11:08 pm
FlounderingFishy asked:


My student loan check never arrived in the mail. That was over a week ago. The school is right by my house in the same city. The post office told me that it takes only one day since it’s the same zip code and city. The school said they sent it last week Thursday. I really need this money, and know that I will have to pay it back no matter who has it. Is there any recourse such as finding out who cashed it if anyone did? I just want my loan money. I wouldn’t have applied if I didn’t need it. This is just depressing…
This is a LOAN CHECK. The school itself sent it to me. I got one directly thru the school last semester and it arrived at my house no problem. Can someone really steal it and cash it?
I cannot pick it up, because my school does not do that anymore. They ONLY mail out these checks. It’s a new policy as of 2006.

Create a video blog…instantly.

Finding free grants to help pay on debts?

Posted by admin | Financial Aid | Saturday 2 July 2011 10:55 am
kari46953@sbcglobal.net asked:


Does anyone know where a person can find free grants to help with debt? I dont want to have to file bankruptcy and I was told that you can get grants that will help you pay off your debt so that you wont have to file bankruptcy. HELP ME PLEASE!!!

file bankruptcy free

Low interest College Loans?

Posted by admin | Financial Aid | Thursday 23 June 2011 4:19 am
jostind_2007 asked:


Does anyone know where I can get a low interest college loan online that you dont have to pay until you graduate??

loans online

Will any of these student loans lenders might give me trouble?

Posted by admin | Financial Aid | Saturday 18 June 2011 6:42 am
TONITONITONI asked:


You know how when some credit cards are doing bad stuff, word gets around and people start talking online and warning others to NEVER get this card cuz rate was increased for no reason, etc and eventually they get a bad reputation, well, do any of these student loan lenders have any shady stuff in their past: Wells Fargo, Chase, Citibank

loans online

Can a Stafford Loan be used to pay my apartment’s rent if I live in Brazil and study online?

Posted by admin | Financial Aid | Tuesday 7 June 2011 8:33 am
reuben asked:


The situation is this:

- I’m American

- I will be studying in an American ONLINE community college )(Yes, fully regionally accredited in California)

- I will be LIVING in BRAZIL 4 months per year

Can I use my Stafford Loan to pay my apartment’s rent in Brazil or other living expenses while in Brazil??? If it’s not allowed and I do it, will they find out???

loans online

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