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StudentFinAidInfo - Student Financial Aid Information
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Financial Aid FAQ
Resources
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StudentFinAidInfo - Financial Aid, Which Bankruptcy Type Qualifies For Student Loan Cancellation? Question: Looking for a Student Loan?
I am looking for a student loan, that has low interest. I would like to find a loan, that does not college the interest while I am in school, and that I do not have to pay back until after college. The kind of loan that will not kill me and is good for a college student. Can anyone help me? I have been looking and I can't find anything!!!Answer: Richard H: check out http://fafsa.ed.gov for details. They have both ...
check out http://fafsa.ed.gov for details. They have both LOAN programs and GRANT programs. LOANS do have to be paid back, GRANTS do NOT have to be paid back.Answer: With the costs of schooling so high, many students run into ...
With the costs of schooling so high, many students run into trouble paying their bills and end up with bad credit. Now you may be scared into thinking you cannot complete your education! However, there is still hope for cleaning up these financial messesafter the receipt of a signed activation letter. Such a loan does not require a co-signer or collateral like other loans. If you have bad credit or no credit, your parents can help by getting a PLUS loan to help pay your education expenses.Answer: sara sentor: Hi, there definitely lots & lots of Student Loan available ...
Hi, there definitely lots & lots of Student Loan available in the market. But I would advice you to do thorough research on it, before deciding upon which one you want to pursue.
I would suggest Sallie Mae, FFELP ( Federal Family Education Loan Program) both are good. Besides this Federal Stafford Loan, Parent PLUS Loan,Graduate PLUS Loan, Perkins Loan are good too.
You can learn more on student loans, log into: http://www.4studentloan.net/basicloan/loanprograms.html
http://www.4studentloan.net/index.htmlQuestion: Is NCO Financial part of the Federal Government? Are they part of the student loan recovery department?
They act creepyAnswer: Hi Sofiya -
NCO is not part of the government. They are ...
They are an independent debt collection agency. They pursue all sorts of debts, credit cards, bank accounts, loans, cellphone bills, etc. on behalf of the original creditor. NCO also purchases old "bad" debt and attempts to collect on it as well. They have been known to collect on old student loan debt both as a collector and after purchasing the debt themselves.
For a list of the other names that NCO goes by as well as hundreds of comments and phone numbers for them you should take a look at http://www.callferret.com/nco-financial-systems.html
If you've been contacted by NCO, there are several things you can do. The first is to send them a "debt validation" letter. This letter is a formal request that they show their documentation and proof that the debt is actually yours. Often, NCO lacks this documentation and will stop pursuing you. Old debt often doesn't come with the original paperwork, contracts or agreements. They are not legally allowed to post debt to your credit reports if they cannot validate it.
If NCO is harassing you after they "validate" the debt, you can send them a cease and desist letter. The Fair Debt Collection Practices Act says that they can only send you one more letter and no phone calls after they receive this letter. If they violate this rule, they could owe you $1000 per infraction.
As with all debt collectors, make all agreements in writing only. Do not sign anything if possible as debt collectors have been known to forge signatures on 'contracts' after you send them a signed letter for something else. Send all correspondence by certified/registered return-receipt mail.
Question: What type of bankruptcy qualifies for student loan cancellation?
Also, where do I apply to teach to a low income school to have student loan debt cancelled?Answer: If you have a federal loan, I don't think you can get ...
If you have a federal loan, I don't think you can get rid of it. A friend of mine and her husband filed for bankruptcy and he had a student loan that they said couldn't be taken off, he has to pay it back.Answer: You can't cancel a student loan debt on any of the ...
You can't cancel a student loan debt on any of the bankruptcy chapters. You must pay!!! If you can't pay right away. You can file for a in-school deferment or an economic hardship. If your student loan goes into default. It will ruin your credit and you will be unable to buy a house in the future.Answer: It's very difficult to do. Read more here ...
It's very difficult to do. Read more here http://www.ed.gov/offices/OSFAP/DCS/loan.cancellation.discharge.html#Bankruptcy
Effective October 8, 1998, your obligation to repay Title IV, HEA student loan and grant liabilities can no longer be canceled (discharged) due to bankruptcy, unless you can successfully prove that repayment of the debt would cause "undue hardship" as defined by case law in your jurisdiction.Answer: You can not get student loans discharged in bankruptcy. ...
You can not get student loans discharged in bankruptcy. Depending on your federal loan type Perkins loans can be discharged more easily than Stafford, but even Stafford can now be discharged. To apply for this benefit, you must contact the holder of your current loan and complete their paperwork.
See the tables on page 34 and 35 of the attached book for the terms and conditions of having your loan discharged for teaching, working in head-start, law enforcement, and early intervention services for the disabled.
To see if your school is considered a low income school go to http://FederalStudentAid.ed.govQuestion: Can I get another student loan when I'm out of default?
My federal student loan was in default for a year and sent to a collection agency. The agency enrolled me in a rehab program and said that this September I will complete the program and will be out of default status. Can I get approved for a federal student loan when I'm out of default status?Answer: Probably not. You have already defaulted on one student loan ...
Probably not. You have already defaulted on one student loan you are a very high credit risk. I doubt very much they'll give you a 2nd chance.Answer: Yes, you can. Read more about it ...
Yes, you can. Read more about it here:
http://www.ed.gov/offices/OSFAP/DCS/going.back.to.school.htmlAnswer: ith the costs of schooling so high, many students run into ...
With the costs of schooling so high, many students run into trouble paying their bills and end up with bad credit. Now you may be scared into thinking you cannot complete your education! However, there is still hope for cleaning up these financial messesafter the receipt of a signed activation letter. Such a loan does not require a co-signer or collateral like other loans. If you have bad credit or no credit, your parents can help by getting a PLUS loan to help pay your education expenses. |