What kind of loan can I get to help with college and paying rent? March 1, 2010
Posted by Credit in : Financial Aid , 4comments
Eloisea asked:
I preferably need a loan that allows me to delay interest payments until after I graduate. I already have a loan for this semester, but I need another for next year. My parents can not co-sign for me, so my last loan wasn’t enough to cover the whole year. Also, I don’t live on campus so I need a loan that will allow me to use part of the money to help pay my rent. I’ve looked at a few loans that only allow you to use the money for ‘educational purposes’ so I’m not sure if living expenses off campus count. I do work part time, but it is simply not enough to cover everything. Any advice would be great. I’m really in a tough spot.
I preferably need a loan that allows me to delay interest payments until after I graduate. I already have a loan for this semester, but I need another for next year. My parents can not co-sign for me, so my last loan wasn’t enough to cover the whole year. Also, I don’t live on campus so I need a loan that will allow me to use part of the money to help pay my rent. I’ve looked at a few loans that only allow you to use the money for ‘educational purposes’ so I’m not sure if living expenses off campus count. I do work part time, but it is simply not enough to cover everything. Any advice would be great. I’m really in a tough spot.
What college loan companies send loans directly to students ? February 28, 2010
Posted by Credit in : Financial Aid , 2comments
Joey asked:
I need a small loan sent to me for about $2,000. What companies can send the check directly to me instead of sending it to financial aid ?
I need a small loan sent to me for about $2,000. What companies can send the check directly to me instead of sending it to financial aid ?
How does a grad school loan work with company-reimbursed tuition? February 23, 2010
Posted by Credit in : Financial Aid , 1 comment so far
NUnum1 asked:
My company will reimburse my grad school tuition based on my grade for each class. Am I supposed to get a loan first and pay off the loan with the reimbursement money, or do I wait til the end of the semester to pay the tuition? Any good sites for grad school loans?
My company will reimburse my grad school tuition based on my grade for each class. Am I supposed to get a loan first and pay off the loan with the reimbursement money, or do I wait til the end of the semester to pay the tuition? Any good sites for grad school loans?
What is the best type of federal loan I can get to pay for college? February 21, 2010
Posted by Credit in : Financial Aid , 4comments
EhLyn asked:
I’ve heard of the Perkins Loan, Stafford Loan, and thos PLUS loans, but what is best for undergraduates, and which offers the most, (like the Stafford loans give $5500)? I would like to recieve a little more than that. If there are other federal loans that I should look into, I’d appreciate what you can give me.
Oh, and can I take out more than one loan?
I’ve heard of the Perkins Loan, Stafford Loan, and thos PLUS loans, but what is best for undergraduates, and which offers the most, (like the Stafford loans give $5500)? I would like to recieve a little more than that. If there are other federal loans that I should look into, I’d appreciate what you can give me.
Oh, and can I take out more than one loan?
How to stop student loan wage garnishments if you agreed to make default payments? February 11, 2010
Posted by Credit in : Financial Aid , add a comment
workingmywayback asked:
I recently defaulted on my student loan and contacted the student loan company to before they started garnishing my wages. I agreed to a reasonable monthly payment and made the payments on time when I noticed that my wages were being garnished as well. I contacted the student loan company several times and they kept saying that they would remove the garnishment and that my employer had recieved the paperwork. I contacted my employer’s payroll and the stated that they never got the paperwork and I should ask for a copy myself to fax it in myself just in case. The student loan company wouldnt give me a copy of the garnishment letter to the employer and claimed to have faxed the paperwork in. It has been 4 straight pay periods and nothing has been done meanwhile im still making monthly payments directly from my bank account. Is there anyway to stop this? PS: I dont need smart remarks about you should have paid in the first place, i know that much but i couldnt afford to at certain points.
I recently defaulted on my student loan and contacted the student loan company to before they started garnishing my wages. I agreed to a reasonable monthly payment and made the payments on time when I noticed that my wages were being garnished as well. I contacted the student loan company several times and they kept saying that they would remove the garnishment and that my employer had recieved the paperwork. I contacted my employer’s payroll and the stated that they never got the paperwork and I should ask for a copy myself to fax it in myself just in case. The student loan company wouldnt give me a copy of the garnishment letter to the employer and claimed to have faxed the paperwork in. It has been 4 straight pay periods and nothing has been done meanwhile im still making monthly payments directly from my bank account. Is there anyway to stop this? PS: I dont need smart remarks about you should have paid in the first place, i know that much but i couldnt afford to at certain points.
How can I get another student loan without having Financial Aid having to estimate/certify the loan? February 8, 2010
Posted by Credit in : Financial Aid , 1 comment so far
jediknight2054 asked:
1. Financial Aid has lowly estimated my need for the school year. 2. I have maxed out the most I can get from the government. 3. Financial Aid will not certify any more loan money for me, but I need more assistance. 4. I work part-time already and go to school full-time.
1. Financial Aid has lowly estimated my need for the school year. 2. I have maxed out the most I can get from the government. 3. Financial Aid will not certify any more loan money for me, but I need more assistance. 4. I work part-time already and go to school full-time.
How can I recieve a private loan to cover my mortgage payment while in pharmacy school? February 5, 2010
Posted by Credit in : Financial Aid , 2comments
trsummit asked:
I would need to get a loan of $30,000 per year to cover the costs of my mortgage and other bills until I graduate. Are there any loan companies that would loan this amount? Would the loan company continue to do this until I graduate?
I would need to get a loan of $30,000 per year to cover the costs of my mortgage and other bills until I graduate. Are there any loan companies that would loan this amount? Would the loan company continue to do this until I graduate?
How do i go about getting a student loan? February 4, 2010
Posted by Credit in : Financial Aid , 1 comment so far
bubbles500 asked:
I currently attend the University of Texas at Austin and I need a loan. I can’t afford my tuition or living expenses and i didn’t get enough financial aid. I don’t want to have to start paying my loan until after i graduate. Should i try to get a loan through UT, a government loan, or a federal loan?
I currently attend the University of Texas at Austin and I need a loan. I can’t afford my tuition or living expenses and i didn’t get enough financial aid. I don’t want to have to start paying my loan until after i graduate. Should i try to get a loan through UT, a government loan, or a federal loan?
Thanks a lot!
What is the difference between a federal loan from a univeristy and one from a bank? February 2, 2010
Posted by Credit in : Financial Aid , 1 comment so far
Trumania asked:
What is the difference. For example typically your financial aid office will award you say a federal Stafford loan and you just sign the promissory note for the lender.
What is the difference. For example typically your financial aid office will award you say a federal Stafford loan and you just sign the promissory note for the lender.
But what is the difference from doing that through your school and actually going to a bank, IE Chase, and applying for a Federal Stafford Loan through the bank? Is it the same thing or is there a benefit from getting it through the school?
If the school doesn’t award you a loan can you apply for it through the bank or are you automactially ineligible?
How often does interest accumulate on an unsubsidized Stafford student loan from the government? January 25, 2010
Posted by Credit in : Financial Aid , 3comments
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.
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.