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StudentFinAidInfo - Student Financial Aid Information - Forgive Student Loans
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Welcome to StudentFinAidInfoStudentFinAidInfo - Can Government Forgive Student Loan?
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Question: Why don't the government forgive student loans after a seven year period?
Answer: wow, how did you let it get so bad? Im guessing it got ...
wow, how did you let it get so bad? Im guessing it got deliquent and the 5% went up to like 23% ?
thats insane.Answer: SO WHY NOT TRY TO RESOLVE IT NOW.. BEFORE IT COST YOU MORE.. ...
SO WHY NOT TRY TO RESOLVE IT NOW.. BEFORE IT COST YOU MORE.. AND RUIN YOUR CREDIT HISTORY?Answer: Theology will not help you. The government's motto is ...
Theology will not help you. The government's motto is "In God we trust. All others pay cash."Answer: When you applied for your student loan, usually at an ...
When you applied for your student loan, usually at an interest rate lower than average, to be used for your education, you agreed to repay that $$ amount at that %% rate within a certain time frame.
Lendors make their money by providing loans, for which they charge interest. In some cases, with some credit cards, those rates escalate over time. In which case you are actually paying interest on your interest. It can get quite expensive.
It's not as if you purchased item which you could return if you were dissatisfied with its quality.
After we finally got out from under our student loans, one for med school, we decided our only financed purchases would be our home, and the one car at a time. Altho what we have isn't always top of the line, it's ours and we are investing in our future...not the banks.Answer: and it'll keep adding up too. it shows up on your credit ...
and it'll keep adding up too. it shows up on your credit report and doesnt go away. years ago, you could bankrupt them off, but today I hear thats not so.
LOAN FORGIVENESS or NOT
(not sure about if valid, but worth a try)
http://www.pheaa.org/loanforgiveness/healthier_futures.shtmlAnswer: So many people were defaulting on the loans, that the ...
So many people were defaulting on the loans, that the government had to take action. They couldn't stop giving college loans. A loan is not a grant. Too many students do not even try to find grants or scholarships they are too stupid. You all end up in debt thoughtlessly. Personally, I think that this sort of loan is enslavement of a kind, along with government finaced housing loans for first time buyers. I would never do either.Answer: I used this site to lower student loan. it's great! ...
i used this site to lower student loan. it's great! and all you have to do is fill out a simple form and they'll help you..Answer: Let me guess - you majored in English.
Let me guess - you majored in English.Answer: When you borrowed the money, did you promise to pay the ...
When you borrowed the money, did you promise to pay the interest?
If so, then pay it - just like the rest of us.Answer: Because studying is the best way to get a good job - ...
Because studying is the best way to get a good job - hopefully a good salary to pay off your student loan ASAP.Question: What is the US policy towards forgiving school loans after the age of 65?
I had to retrain due to corporate downsizing and I have a lot of school loans. I don't think I can repay them all before I retire. The UK forgives loans after the age of 65, but I do not know what provisions are available for non-traditional older students here in the states. Has anyone had a similar experience?Answer: to knowledge the only forgiving loans are for total and ...
to knowledge the only forgiving loans are for total and permanent disability though there are several deferment reasons..Answer: I have included some readings below on it.
I have included some readings below on it.Question: How does a teacher get their student loan forgiven that has been teaching for 7 years in louisiana?
Answer: A LOAN is supposed to be paid back.
A LOAN is supposed to be paid back.Answer: There are programs out there if you taught in certain areas ...
There are programs out there if you taught in certain areas that you can qualify for all or part of your student loans to be forgiven. It is dependent on what area you taught in (inner city qualifies) and also what type of student loan. There are several types of loans, Stafford and Perkins are 2.
You will just have to do some research on the web -OR- contact the college you graduated from. Their education department will either have the info or be able to direct you to where to find it.Answer: You need to figure out if you're teaching in a low ...
you need to figure out if you're teaching in a low income school district. Then you need to google "teacher loan forgiveness" and follow the links. You can also call your state department of education. Generally, in Ohio, you need to teach for five years (3 of them in a low income school district) and the lender will forgive 2,000 per year for teaching. If you happen to be a math or science teacher the total could go as high as 15,000. Good luck, I'm sure like me, you aren't making much in salary, so this really helps.Question: Is there anything to forgive student loans for borrowers in the years 1995-1997?
I am a science teacher in Mississippi in title I school. I don't qualify for the $17,500.00 loan forgiveness program because I started school in 1995, then went back in 1998. That means I had an outstanding balance on Stafford loans on the cutoff date of Oct. 1998. Is there any other program that can help me. I have $52,000 in loans and am a single parent.Answer: I located a couple of student loan forgiveness programs in ...
I located a couple of student loan forgiveness programs in Mississippi that are geared towards college graduates. I am not sure that they are ones you have checked out already:
https://www.ms.gov/sfa/loanRepaymentEntry.jsp http://www.finaid.org/loans/forgiveness.phtml http://www.mde.k12.ms.us/mtc/teach.htm http://www.staffordloan.com/repayment/forgiveness.php http://www.studentloanconsolidator.com/repayment/forgiveness.shtml http://www.theteachercenter.org/FinAid/Teacher/Teachers/tuition_reimbursement.asp Good luck! Question: Perkins Loans could be forgiven?
I just read on-line that a portion of the Perkins Loan could be reduced if you work in a school? Well, I just recieved a job within a school as the librarian. Does anyone think loans could be forgiven, and if so who do I contact to find out how to begin this process?Answer: The teachers cancellation program is for teachers who are ...
The teachers cancellation program is for teachers who are working in low income areas. It is not for non-teacher positions, and there are specific requirements for the school district to be eligible.Student Loan Forgiveness FAQ
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