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Question: Can I consolidate a PLUS loan, my direct student loans and a private loan?
I have way too many loans. Thankfully I finished college and got a good job. I heard that since the PLUS loan is in parent's name and the rest are in name, I cannot consolidate. Can anyone help me out here? thank you.

Answer: Unfortunately that's true. father made sure I was the ...

unfortunately that's true. father made sure I was the primary name on all loans but that he was also listed so that we could both make payments. he paid while I was in school and then once I graduated I took over the rest of the payments...after the grace period and getting a full time job of course. this allowed me to consolidate all loans except for the private one. for some reason, private loans dont allow consolidation but fortunately that was smallest one so now I just make 2 payments for 3 loans (2 public and 1 private). however, even though i'm not making one payment, I found out the company I consolidated with allowed me to make all payments to them only and not 2 seperate institutions which helps a lot with keeping track of everything. my advice is: see if you can get all the loans put in your name since you will be paying on them. most companies have no problem changing information for the person they'll be getting money from as opposed to the person they'll be giving it to. find out which ones can be consolidated and then find a company that will take all of them, including the ones that cant (which will probably be the private one), so that no matter how many payments you have to make it will only be to one place. if you still cant get a consolidation then see if your parents can since it's already in their name. then see if they can add you to it as another person allowed to make payments. even though they wont be paying anything, at least you will be able to as if you were the primary person. if you cant do that, then send your parents the money to pay it off and at least it will still be consolidated. good luck! if I hadnt consolidated loans, the payments would have already gone up twice in the past 3 years since i've been paying it off. thank goodness for that because i'm stuck with them for the next 10-15 years and i've already got enough bills.

Answer: It's a good thing that you're thinking about ...

It's a good thing that you're thinking about consolidation because it's a great way to lower your interest rates and to make monthly payments easier. Unfortunately you can't consolidate your parent PLUS loan with your other loans because your parent must pay it. And you can't consolidate federal loans with private loans. But you can consolidate any federal loans together and any private loans together. Good luck!

Answer: You can take help of a good debt consolidator. They can help ...

You can take help of a good debt consolidator. They can help you to overcome from debt. They will reduce your payment and help you to come out of debts. To know more you can visit http://www.debtmanagementguru.blogspot.com and http://www.easystudentloanconsolidation.blogspot.com

Answer: The plus loan will be in your parents name, so no, but there ...

the plus loan will be in your parents name, so no, but there are companies that will consolidate you private and federal loan separately, but still give you one payment. i work at nelnet, but there is also citibank, sallie mae, cfs, acs, etc... I cant speak for anyone, but we have no fees or prepayment penalties. shop around to get the best deal. your parents can also sign with the company you choose, and have statements sent to you. that is about the closest you can get with the current federal regulations. good luck.

Answer: Hello! I Got This For You. As Always, It's Always Better ...

Hello! I Got This For You. As Always, It's Always Better That You Get The Info Firsthand. So Better Check It Out Yourself, Im sure You'll Discover Something...

Question: Have anyone heard of the William D. Ford Federal Direct Loan Program?
I'm thing about doing a loan since I know for a fact that I will not be able to have the amout for college by january by myslef. My uncle told me about this since he has done this loan himself. The only part that got me was that they want you to do a fafsa. The last time I did this, I wasn't able to recieve anything. When I called them they told me that one of parents made too much. To me it shouldn't matter if parents made too much or too little, It's me who going to college, no them.

Answer: I believe that the William D. Ford Federal Direct Loan ...

I believe that the William D. Ford Federal Direct Loan Program is where the loans come from that you go through FAFSA to get. I believe that you can apply on your own without your parent's information.
Try this web site: http://www.dl.ed.gov I just checked the paperwork I used. Try THIS web site:
http://www.ed.gov/offices/OSFAP/DirectLoan/index.html Good Luck!

Answer: Yes--one of loans last year was from this program. I ...

Yes--one of loans last year was from this program. I received it through FAFSA, although as the person above me said, you should be able to get a loan without your parents' information. Try asking about loans at your local banks and credit unions, because they usually offer financial aid to students in the area. The reason your parents' income matters is because, as a student, the government expects your parents to help you pay for college. If your parents make a lot, they expect some of that income to go towards your tuition, so they don't give you as much financial aid. If your parents didn't make very much, or if you were financially independent, they would probably give you more financial aid because you wouldn't have your parents' income to rely on. Also remember that you can go to scholarship search websites like Fastweb.com and enter all your information, and they'll look up scholarships and loans for you! Best of luck!

Answer: Colleges and universities either use the FFELP (Federal ...

Colleges and universities either use the FFELP (Federal Family Educational Loan Program) or the William D. Ford Federal Direct Loan Program. With FFELP schools, students are alble to choose whatever lender they wish to finance their Stafford Loan; with the Direct Loan Program the federal government is the lender. Both are part of the Stafford Loan Program.
If you are considered a Dependent student, then you must use your parent(s) information to complete the FAFSA (Free Application for Federal Student Aid). The FAFSA generates an EFC (Expected Family Contribution) that schools use to determine a student's financial aid package.
It doesn't matter what your parent's make - if you are eligible for a student loan then you will receive it. It may be an Unsubsidized Stafford Loan (interest accrues as soon as the loan is disbursed) as opposed to a Stafford Loan (interest is deferred until six months after graduate or withdraw from school), though. More information regarding student loans can be found at www.finaid.org/loans.
You should talk to a financial aid officer at your school for more inforrmation. Good luck!

Answer: : If a lot of time has passed since you last applied for fafsa ...

If a lot of time has passed since you last applied for fafsa it could be you are finally considered independent and dint need parents income. 24 yrs old and up. However, you can get a federal loan no matter your parents income, and you don't need a cosigner. Here is a good publication about fin aid and the loan info is in the back. Good luck.

Question: How long does it take to recieve your finacial aide and Direct Loan Check?
I was wondering about how long after you have applied for Finacial aid and applied for a Direct loan do you get your check?

Answer: It completely depends on how your Fin. Aid office handles ...

It completely depends on how your Fin. Aid office handles your paperwork. Usually about around the time you can register for classes for the semester the money applies to. The 1st time is always the slowest because they verify all your info.

Answer: After you have completed the FAFSA you will receive a SAR ...

After you have completed the FAFSA you will receive a SAR via mail - the school you have chosen to attend receives it as well. Disbursements of Pell Grants and Stafford Loans are done based on the school's Disbursement schedule - check with the financial aid office at the institution you are attending.

Question: Financial Aid : Federal direct subsidizing loan vs perkins loan?!?
I'm heading into college soon and I have to borrow some loans. I would really really like to know what's the different between federal direct subsidized loan and federal perkins loan . What are the advantages/disadvantages to each. And which do you guys recommend? Thanks ahead

Answer: Maybe you can try below website to get the information you ...

Maybe you can try below website to get the information you need. It's about unique student loans solution for your second opinion.

Answer: I'm sorry, I don?t know about that, but somehow I was put ...

I?m sorry, I don?t know about that, but somehow I was put on this aspect of Y! A. How about applying for scholarships? I swear by all that?s holy and sacred: THIS IS NOT SPAM! I remembered this from high school - over 40 years ago. As I was walking down a hall, I overheard two teachers talking about it: Do a search for Lovejoy?s Guide OR Robert Leider. Thank you for asking your question. I enjoyed taking the time to answer your question. You did a great job - not only for your information, but for every other person interested in reading answer. Thanks to everyone for reading answer. I wish you well! VTY, Ron Berue Yes, that?s real last name.

Answer: A Federal Perkins loan is a low interest (5%) loan for ...

A Federal Perkins loan is a low interest (5%) loan for undergraduate and graduate students with exceptional financial need. The U.S. Department of Education provides a programmed amount of funding to the school. In turn, the school determines which students have the greatest need. The school combines federal funds with some of its own funds for loans to qualifying students.
Subsidized Stafford loans are need-based, and the government pays the interest on these loans while you are in school, during a six-month grace period immediately preceding repayment, and during authorized deferment.
Perkins loan has the lowest interest rate. However, you don't need to choose between the two loans. If you are given a Perkins by the school, you can still combine that with a Stafford loan.

Answer: Both of these loans are federal government loans that offer ...

Both of these loans are federal government loans that offer low interest rates. And the best thing about them both is that the government will pay your interest for them as long as you stay enrolled in school. Other benefits of them are that you don't need a cosigner or good credit to get them, and you don't have to start paying them back until about 6 months after you graduate Personally, I would try to get the Perkins loan first, and then go for the Subsidized loan. But they are both equally as good.

Answer: There are two types of Federal Stafford Loans available: ...

There are two types of Federal Stafford Loans available: subsidized and unsubsidized.
Eligibility for subsidized Federal Stafford Loans is based on financial need, and the federal government pays the interest on your behalf while you are enrolled at least half time, during your grace period, and authorized deferment periods.
Eligibility for unsubsidized Federal Stafford Loans is not based on financial need, but you are responsible for paying interest at all times. You may pay this interest while in school, or you can allow it to accrue and capitalize and it will be added to your principal balance to be paid off with the rest of your loan when you stop attending on at least a half-time basis.
Eligibility for subsidized loans is based on financial need, as determined by the federal-need analysis process. As the name implies, the federal government pays the interest while you are still in school as at least a half-time student, throughout the six-month grace period and during periods of deferment.
Eligibility for unsubsidized loans is not based on your financial need and you are responsible for the interest from the date the funds are disbursed.
For both subsidized and unsubsidized loans, the financial aid administrator at your college determines the amount for which you are eligible. The Federal Perkins Loan has a low interest rate and a longer grace period than the other educational loans, and allows you to borrow up to $4,000 (undergraduate study) or $6,000 (graduate study) annually. This loan is available to undergraduate and graduate student who demonstrate exceptional financial need, and must be repaid to the school with the low interest rate of five percent. Repayment begins nine months after you've graduated or dropped below half-time enrollment status. The minimum monthly payment is $40 per month. Apply for the Federal Perkins Loan by completing your Free Application for Federal Student Aid (FAFSA). Your college is the lender for the loan, so you will be asked to sign a promissory note and will receive the loan funds from your college. In some instances, you may be eligible to postpone your loan payment by receiving a deferment. During a period of deferment the federal government will pay the interest on your loan.
A Federal Perkins Loan may be cancelled in part or whole under certain conditions. Loan cancellation, forgiveness, or discharge is granted by the U.S. Department of Education.
You can receive both a Federal Perkins and a Federal Stafford loan in the same academic year, provided you meet all eligibility requirements.
The college you attend may participate in either the Federal Family Education Loan Program (FFELP) or the William D. Ford Federal Direct Loan Program (Federal Direct Loans). Both programs have the same general terms, conditions, interest rates, benefits and loan amounts. The main difference between them is that the government funds the Federal Direct Loans, and private lending institutions fund the FFELP. Although some colleges offer both, you may only borrow under one program during an enrollment period. Check with the college to find out through which program you may be borrowing and what needs to be done to apply for a loan.

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