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What Loan company will take over my federal student loans when the loans are in forbearance? May 3, 2010

Posted by Credit in : Financial Aid , 2comments
maybell asked:


What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.

Need a student loan that is directly dispersed any suggestions on where I can apply? April 25, 2010

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Shaebee27 asked:


I use to get a loan through my rich uncle but it is shut down. Now I need somewhere to get a loan that will directly disperse to me for my June rent (and the following months).
Any ideas on where to apply?

How does the perkins loan differ from the stafford loan? April 24, 2010

Posted by Credit in : Financial Aid , 1 comment so far
TwistedxKiss asked:


I qualified for like a $500 perkins loan as well as some stafford loans, and I spent all my financial aid researching time looking at stafford loans, so I don’t know much about the perkins loan. I looked it up and read that the two are similar, but how are they different?

How long does a student loan take to receive? April 8, 2010

Posted by Credit in : Financial Aid , 1 comment so far
Ariana asked:


I accepted loans for school, and signed my mpn and everything. My question is, how long should it take for the bank to accept my application? Is there a reason i might not get a loan? Other people who applied for loan got their application accepted by the bank the next day. It has been 3 days since I filled out the application. The status of my application says “completed” not “accepted”. Has this happened to anyone else?? Thanks.

How long will it take to receive a Stafford loan disbursement? April 7, 2010

Posted by Credit in : Financial Aid , 2comments
Richard S. asked:


I’m attending an accredited flight school starting November 5th, 2007 and plan to graduate end of March/beginning of April of ’08. I have already secured my financing through private loans (Sallie Mae / Wachovia). I know it’s too late to apply for federal aid this year. If I fill out the FAFSA on the 1st of the year, how long will it take to receive a Stafford loan disbursement? I believe my school will request the final disbursement from Sallie Mae sometime in Feb. I’d rather get the money from the Stafford loan as the interest rate is about half of what I’m paying for the private loan.
The school is ATP (Airline Transport Professionals) located in Ponte Vedra Beach, FL. I’m attending the Jacksonville location. I could not find their school code on the FAFSA website. I know they are nationally accredited. Does this mean stafford loans aren’t available?

What Loan company will take over my federal student loans when the loans are in default? March 24, 2010

Posted by Credit in : Financial Aid , 2comments
Dat_1_Chiq asked:


What Loan company will take over my federal student loans when the loans are in default so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.

I am at the point where I can’t get a federal student loan until I pay this off.

How often does interest accumulate on an unsubsidized Stafford student loan from the government? March 14, 2010

Posted by Credit in : Financial Aid , add a comment
Level T asked:


The interest rate on an unsubsidized Stafford student loan is 6.8%. How often does interest acculumate on such a loan? For example, if my loan is $5000, how do I calculate when and how much interest is capitalized onto the loan. Thank you for your help.

What happens when a student loan is cancelled due permanent disability, but the student is rehabilitated? March 8, 2010

Posted by Credit in : Financial Aid , 4comments
dressed_2_kill_2008 asked:


When a guaranteed student loan is discharged and later cancelled due to what is considered a total and permanent disability but many years after the cancellation of the loan the individual is rehabilitated and able to return to the workforce with the necessary aid and support for their disability what happens to the student loan? I’ve been told that once a loan is cancelled it no longer exists, and I’ve been told that if the individual is able to return to the workforce the loan is reinstated. Which, if either, is correct? What is the answer? (I’m talking about in Oklahoma.)
I can find plenty of links, just no answer. Please don’t leave a link, if you don’t know then you just don’t know.

How will a loan going into default affect me? March 4, 2010

Posted by Credit in : Financial Aid , 2comments
moosaidthebrit asked:


I had a loan that went into deault and it is now sorted out and completely paid off. I want to go to grad school, but will I be able to get financial aid for it, or will this still hang over my head?
Muchas thanks !

What is the best bank for high school students with a part time job? March 3, 2010

Posted by Credit in : Financial Aid , 4comments
Britney Lynn =] asked:


I’m a high school student with a part-time job, who wants to open a bank account to manage my money, but i don’t make alot of money, so i don’t want to pay alot. There are no Bank of America’s,or Wachovia’s in my area.

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