Private College Student Loan

What is the major difference between Fed Direct Student Loans and Sallie Mae or Nelnet? I am pursuing a graduate degree and the student loan landscape has changed quite a bit since undergrad. I had nelnet loans for undergrad and a small sallie mae loan, but it appears the dept of ed issues direct loans now? please advise because i am uncertain which is the best option and the major difference.

Is Sallie May affiliated with Nelnet student loans?

What does it mean when my student loans have a zero balance due to a claim? My student loans are through NelNet and I received a letter from NelNet instructing me to stop making payments. The reason they give is that my student loan account has been paid by a claim and now has a zero balance. I have had student loans since 1995; but I also have filed bankruptcy. What does all this mean? What claim paid my loans off? Did I or someone else get sued for the money?

Student loans. Does miami dade college communicate with nelnet? Or do you have to apply for a Stafford loan directly through the school. I transferred from FIU to MDC. I had the Stafford loan then and was receiving the disbursements just fine. When i transferred I added MDC to my FAFSA. Nelnet says they communicate with MDC but a financial aid rep at the school says they dont. She did not sound so confident though. Does anyone Know?

Can I get new student loans if my previous loans are in deferment? I attended college about three years ago and I've recently gone back. Since I'm full time again my student loans from previous college have gone into deferment. I got a fafsa award letter saying that I was being offered an unsubbed loan in mid April, and shortly after Nelnet deferred my loans. Will this affect the new loans I was offered?

How do I transfer a nelnet student loan from my parents name to my name? My father took out a large NelNet student loan while I was in my first year of college. I am now 3 years out of college and make enough where I can be paying back the loan myself. I have got his log in and password and have switched auto payments to my bank account but the loan is still on him and in his name. Does anyone know how to transfer the loan into my name? I am now married, make slightly more money than him, and own our house so I'd think I'd be just as qualified to be responsible for the loan. Does anyone know the procedure? I don't care if I have to have him as a guarantor or whatever, I just want to make it so its in my name/control and not have to go through him to pay it off (but still keep it at the same fixed interest rate it is currently at which is 4.25%).

Why am I getting Nelnet bills when I'm repaying my loans through the banks? I just got a bill yesterday from Nelnet for almost $300 for my student loan repayments. I graduated in May and have just started paying back my student loans back through Chase (private loan) and Citibank (for government loans). So does anyone know why I'm getting this bill? The information doesn't even match up on my loan amounts so I'm just really confused.

Private Student Loans - What Happens if I Die? I have about $100k in private student loans with Sallie Mae, Chase Student and Nelnet. What happens if I die? Are my relatives responsible for this debt? No co-signer, just issued to me

I have student loans from Sallie Mae, Chase, and Nelnet. Consolidate? I went to a tech school and graduated. Now I am currently at another school working on a different degree. I have loans from 3 different companies from both of the schools that I have been to. I have about 2 years left. When should I consolidate? Now or when I am done.

When should I consolidate my student loans and who should I consolidate with? I'm a master's level student with only a couple of months left of school. I have student loans from my undergrad and graduate program. I know I need to consolidate but I don't know how. Should I wait until I graduate to consolidate or should I do it now? Also, I heard nelnet is going under... So who should I consolidate with? Thanks!

Is Sallie Mae and NelNet the same student loan company? Ive been told by Sallie Mae that they are not, but I have the same account number on both Sallie Mae and Nelnet

I've been paying for over three years $350/month my Nelnet studnt loans! I've been paying for over three years $350/month my Nelnet studnt loans! My student loan amount still the same, and I cannot pay more. Any advice,

I am about to graduate from college soon and I am wondering where can I view all of my student loans at? I owe around $40,000 but they have different lenders. I signed onto nelnet and salley mae and saw some there but not all of them. Is there a site that lets you view everything you owe? Also, can you pay all of them through one payment and do they have anything to allow you to reduce your student loans? Any advice would be helpful. Thank you.

Will refinancing my student loans affect my credit rating? I owe $1,900 to Nelnet.? I read that student loan interest rates will go up 2 percents in July.

student loans question? i have student loans through nelnet and sallie mae. both are over $300 a month (sallie mae is 600) consolidated. there is no way i can really make these payments. if i do pay the total a month for one and only a portion of the other can they still report me even if im paying them?? i have tried everything and cant get the payments lower

I have rehabilitated my student loans and am getting conflicting advice.? After researching online, I'm getting conflicting advice as to how to go about getting my loans off my credit. I defaulted on Loan A (Nelnet). I then rehabilitated with Loan B (Texas Guaranty). Now another company, Loan C will have my loan. Loan B will be coming off my credit completely, however Loan A is still on my credit, with the exact same amounts as Loan B, and Loan B cannot remove Loan A as well. Confused yet? So, from what I understand (I think), because I have rehabilitated with Loan B, Loan A must be removed from my credit as well, even though I rehabilited with Loan B. Loan C will report, but my payments are being automatically withdrawn so it will be positive marks. I guess my question is: How can I get Nelnet (Loan A) off my credit report? We're talking $15k of negative student loans that I desperately need removed.

Student loans effecting credit? When I checked my credit report today, I saw that Nelnet was reporting my student loans for every disbursement they gave me. In other words, instead of it reflecting one loan with Nelnet (and the balance increasing as I borrow additional money), it reflects 6 seperate loans - even though it is only one account. It is one loan per disbursement. I am concerned that this may effect my credit rating. Even though I am not obligated to pay the loan until 6 months after my education is complete, their only suggestion was to pay down each disbursement in full or to consolidate my loans. I am not sure what to do. I don't really have the money to pay it back just yet and I am afraid that after a few years of schooling, it will show 18 seperate disbursements. Won't that look bad, having 18 seperate loans??? Any ideas would be appreciated! Also, Nelnet doesn't consolidate so I a not sure who to go with. I don't have good credit.

Will I be able to get student loans if I did not attend school this last semester? I haven't contacted my lenders or nelnet. Should I be doing so or will the financial aid department work past it when I enroll? Give me advice if you have the time. Thank you.

What is the Best Student Loan Consolidation and possible incentives to sign up? I have a series of student loans - a few from Direct Loan Servicing Center, Nelnet and Sallie Mae. How can I get these consolidated with the best rate and are there any cash back perks or other incentives for consolidating these loans?

consolidating student loans? Can you consolidate student loans that were taken out for two different people? I would like to combine my loans with my husband's- is that possible? Also, does anyone have suggestions on reputable agencies to consolidate your loans with? I have received mailings from Nelnet and Sallie Mae- does anyone know anything about either? What is a good interest rate to accept for consolidation?

Which is a good lender for student loans? I'm applying for a Stafford loan. Which is the best lender? Have you had any personal experience with any of these groups? Thanks Sallie Mae Wells Fargo Citibank edAmerica Chase Nelnet Discover

Internship deferment for consolidated student loans???? I am told by Nelnet that my consolidated loan is not eligible for internship deferment. (I have to intern for 2 years to obtain my professional license) Has anyone been granted a deferment for internship after they consolidated their student loans???? How did you do it? Can I get some helpful advice in deferring payment until I obtain my professional license? I am out of school & working full time.

Whats the best way to take over student loan payments from parents? When I attended college my student loans were put in my fathers name. Now that I have graduated, I would like to take over the payments. The loan company (Nelnet) won't let us and say we have to either make payments to my parents or get a personal loan to cover it. My husband and I are considering the latter. Any advice??

Consolidating student loans? I have $20,000 in federal student loans. I do not have private loans and all loans are through the same lender.I contacted my lender nelnet about consolidation. They stated "In response to the ongoing credit market downturn and recent regulatory changes, Nelnet has made the decision to discontinue federal consolidation services for customers wishing to consolidate with Nelnet. As of January 24, 2008, Nelnet will no longer consolidate federal student loans." Can I still consolidate with another lender? I prefer to send out 1 check instead of multiple checks a month. Any information and input will be greatly appreciated. Thank You

How do I know if I have the best interest rate for my student loans? I have been trying to be really careful with my student loans. I buy used books or rent anytime possible and try to scrimp and save so I am not stuck with a $50,000 bill with interest when it is all said and done. But I have to admit, I am ignorant when it comes to all of the loans available and I don't want to make the wrong loan choice just because I didn't know there were other options out there. I filled out my fafsa last year of course, and got no grants but my loan is through DirectLoans which is directly through my school. I also have a small $3K loan through Nelnet that is deferred from a school I used to go to that I transferred from. I don't recall my interest rate through DirectLoans, but of course I want the smallest interest rate possible, or none at all. Is this the right way to go or are there other options out there that I don't know about?

Can I ask for more money while student loan while it is being processed? Or can i ask for more after it is processed? I have never had a student loan before and decided i will probably need about $400 more than i originally asked for. The loan is in the process of being finalized. If it helps it is a Stafford loan through Nelnet. Thanks. Thanks for everyones actual legitimate answers. Do not post an advertisement for your services or your business, as it does not qualify as an ANSWER.

What are some good Student Loan Consolidation Companies? These crooks known as Sallie Mae have screwed me. Two years ago I started receiving my student loans, and the interest rate at the time was only 2%. I even have a sheet of paper stating that. My total in loans was $42,000. I get my statement in the mail last week and suddenly I owe them $57,000 and they jacked up my interest rate to nearly 18%. I nearly cried. I called Sallie Mae right away stating, I cannot pay $688.00 a month it is just ludicrous. I only have a couple more weeks to find a cheap, but very respectable loan consolidation company. My sister uses Nelnet, but they haven't gotten back to me yet. For all of you college graduates what is a cheap, but VERY respectable and honest Student Loan Consolidation company? You can email me with details if you'd like. Thank You.

Help please, with first time student picking a lender for a student loan? what am i suppose to look for in a lender? do they offer all of the same percentages and benefit's? i really dont understand any percentages rates or if a high number or low number is good, i feel hopeless. what is a Origination Fee and a Guarantee Fee? and which is better to pick a Subsidized Stafford or unsubsidized loan? these are the lenders i am looking at: Wells Fargo NelNet Bank Of America Wachovia Discover Student Loans Fifth Third Sallie Mae Education Trust

Student Loan Consolidation? I'm just about to graduate from a private college and have a good amount of debt (private and federal). I have been looking into consolidating with Sallie Mae (most of my loans are through them) and it seems like a good deal. However, I also get consolidation mailings from companies like NelNet and Student Loan Xpress and was wondering if anyone has dealt with them before. SM and the other companies all compute your interest as a weighted average so they seem pretty similar. Specifically, StudentLoan Express (a CIT company) says I can get a rebate AND deductions off of my interest rate when I do an automatic payment. I'm just wondering if anyone has used these companies and/or places with rebates. I don't need too much detail with interest rates and such because I understand all of those things (finance major) but anything else would really help. Thanks!

What is the average interest rate for consolidated student loan interest? I have consolidated my subsidized and unsubsidized loans through Student Xpress, however, the interest rate is currently 7.25% which people have been telling me it is too high. One of my friend who consolidated through Nelnet, says her interest rate was 5.5% or so. Will I be able to switch already consolidated loans from one company to another?

What is the best student loan lender I should choose? I had Wells Fargo, but they sold my loan to Nelnet. I don't want Nelnet and want to switch to a different company, are there any opinions on which lender I should choose from?

Ever had a long lost "friend" use personal information gained from their job to track you down? Happened to my wife this morning. A woman named Amy Outland called my wife from Nelnet to chit-chat. (Nelnet=student loans) Said she had looked up my wife's information and decided to call her. Said she had done this to a couple other people as well. Obviously with identity theft being what it is today, this is very disturbing. Of course Nelnet is now claiming the call was in fact for "official" business, but could not say WHAT official business it was when we asked. (They're basically trying to cover their butts in case of a lawsuit.) What do you guys think? BTW My wife did not want to talk to this person, She was a troubled youth who had done some things to my wife that basically ended the friendship back then, but apparently this woman has forgotten these things and suddenly decided after 10 years that they were really good friends. Crazy. What do you think? What would you do if this happened to you? Yeah it's not really about not liking the girl. It's really about using someone's personal information for unethical reasons. I mean identity theft is a big deal and we've had a credit card # stolen and used (turned out it was some girl at a pizza place we had visited. she was writing down card #'s and using them online and at other pizza places with her boyfriend.) There's nothing flattering about finding out you're overdrawn with your bank because someone took this information and used it to harm you. And this girl was not emotionally stable and obviously still isn't.

A Bunch Of Qts Re: Private Student Loans. Input appreciated!? Now that it is getting close to the Fall '08 semester, I am getting ready to apply for private school loans two weeks from now. Returning to school in my 30s to finish my degree. Yes, Federal, scholarships, etc have been maxed out. Is it best to apply in person vs on-line/over the phone? I plan on stopping by the new Citibank branch in Harvard Square for my first attempt. Have you heard any positive or negative feedback on any of these that I'm considering: Citibank, Chase, Wachovia, Campus Door, Nelnet, Suntrust, Edamerica, Wells Fargo, US Bank, SunTrust Bank, Student Loan Network, Discover, StudentLoans, Campus Door, College Loan Corp, My Rich Uncle, Massachusetts Educational Financing Authority (anyone use this state-bases lender)? Who are the biggest and most secure lenders in the industry? Anybody use peer-to-peer lending? I plan on attending graduate school after undergrad. Are all private loans deferrable until after grad school? Is this a common feature of any private loan or does one have to be careful that although it says payments begin 6 months after the 4 years of undergrad, that deferment is extendable if one attends grad school? Any info on credit scores, Fico, finding out which lenders pull which score (TU is my highest) so I can target those lenders? Best to apply to all the lenders in a single two week period, so it hopefully only hits one's credit report once? Or is it best to apply to only a select few lenders because each time you apply it lowers your credit score? Do you have a preferred lender list of companies from your school that might be useful for anyone to use? What kind of terms in loan offers should I beware of? What mistakes have you seen people make? I should look for a low APR, no origination fees, discounts, rebates, etc? Know of any other websites or books covering private student loan that you can recommend? As always, any useful information at all is very, very much appreciated. Thanks. Rags P.S. Let's not start a the-evils-of-private-loans thread here. There are enough of them around. I know the dangers. More detailed answers, please. Not just Citi is evil. Tell me why in detail. Awesome, Woolfie! Awesome Woelfe!

If I were to die, would my husband need to pay my student loans? I am debating whether I should get more life insurance to cover what I owe on my student loans if I were to die tragically. I already get some free life insurance from work, about $16,000, but I can pay extra to get around $50,000. I owe about $40,000 on my loans. They are the federal loans, both subsidized and unsubsidized through NelNet. My husband didn't even know me when I acquired the loans. I just wanted to know b/c I could use the extra money on my paycheck every week instead of buying extra insurance at this point in time when I have little assets and no children. I don't plan on dying or anything - not sick, not suicidal. It's a "just in case" sort of thing b/c the last thing I want is for him to be responsible for my stuff if I ever die. I know all about disability and how life insurance goes up, etc...please try to just answer my question instead of trying to help with all my other financial issues. I have insurance and disability and home owners insurance. I have my bases covered as far as those things go, I just have a general question about student loans. I just don't want to pay for EXTRA life insurance now if it is not necessary. PS. my life insurance premium will go up anyway as my pay increases accoridng to my current plan, so I'm not worried about the cost. Also, I'm not going to wait until I'm 40 or 50 to get life insurance again, just until I have kids, like in 5 years. Thanks for the advice though! :)

help what to do when they take your tax return and apply it to your student loan,? Educational Credit Management Corp, bought my student loan from Nelnet... my loans just went into default, and I qualify for a deferment. They took $3500 from my tax return, now I see that they are changing me almost $2000 in "collectors fees".. and applying the rest to my loan. I just lost my job and was almost evicted because of this.. what is the deal with these people? Can they really charge you that much in "fees" yeah I was doing well, but then I took a high level -high stress job, as a temp to perm and made nothing.. so I had to take food stamps for me and my son.

How do you get old student loans that have been consolidated and are older than 7 years old off your credit? I started college in 1991. I looked on my credit report and saw that they were still reporting information to the credit bureau. I was late on payments back then but since have consolidated the loans and are now with Nelnet and I am not late with any payments. Do they count the 7 years from the date opened or from the balance date? How do I get the old inquiries off my credit? To add the loans are listed on my credit under closed accounts as well as negative accounts. I consolidated these loans in April 2005. The loan people reported the last balance July 2005. The loans are not reported as paid. The report has N/A for balance, past balance, monthly payment and high balance.

How do I get my federal student loans serviced by a different servicer? The department of education keeps moving my loans from servicers I like (ex. Nelnet or acs-education) to a servicer I don’t like (myfedloan.org). Who do I need to talk to to get my loans moved to a servicer i want? I've talked to the customer service for FAFSA who don't know anything but to recommend consolidation, or to say I can't do anything. If they are the ones moving stuff around, I want them to move my loan to a servicer I want. So who do I need to talk to besides Barack Obama to get it done?

Nelnet School Loans? Going back school.? 1 year has past since I graduated and I've been paying my college loans after the 6 month grace period. If I decide to go back school as a full time student will I still have to pay the loan while in school? Even if I work a full time/part time job?

Requirements for student loan? Requirements for student loan? i want to avail private student loan next year for college, i want to get the maximum from it like $40k a year! do they have a strict requirements? what if you have $50K savings???? anyone here who availed those loan like sallie mae, next student, nelnet, etc.

student loans repayment? ok so i was going to graduate this year from a community college with a liberal arts aas. i was then accepted into the nursing program, soo in total i will be at the community college for 4 years (ik its ridiculous). i do recieve fafsa/tap as i support myself and do not make enough to pay the tuition on top of all other expenses. i recently recieved a letter from nelnet saying that i need to start making payments on my loan this december. this is only my 3rd year, 1st in the rn program. and ive already talked to financial aid and i will be covered with financial aid until i graduate. so im confused as to why i am already paying? can somebody help me? is this normal? who do i talk to?? thanks for the advice/tips!

requirements for student loan? i want to avail private student loan next year for college, i want to get the maximum from it like $40k a year! do they have a strict requirements? what if you have $50K savings???? anyone here who availed those loan like sallie mae, next student, nelnet, etc.? HOW ABOUT THE NEXT YEARSSSS??? NEXT 3 YEARSSS

how to pay the student loan after car accident? I have a student loan when I was in the college, I started pay back after I graduated 2 years ago, every month nelnet automately charged me about $200, but last year I was severely wounded in a car accident(totally other side fault), and my lawyer cheated on me and I didn't get enough money for compensation. I lost my job and don't have any income now, I have some medical bills have to pay to, I don't have the ability to pay the student loan now, what I can do now? Thanks ..

Are student loan payments large per month? ? By the time I am done with school I would owe about 25,000 in student loans. I am concerned that most of my paychecks will go to paying those loans. Does anyone have an example of how payments would be like for 25,000 dollars in loans? Most of My loans are from Nelnet and SallieMae

I need to find a grant to help pay back my student loan, Can anyone help me? I have paid very little and now find that I got my degree to early in 96 and after oct 98 teachers can apply for loan foregiveness depending on where they work. I work in a low income school and do not make much to cover my living expenses. I need to find something fast. NELNEt is not helping and do not tell you anything until it is to late.

Has anyone used Suntrust Bank for alternative student loans? My credit is too new, I guess. I just got a conditional rejection when I tried to request $1800 for the whole year. Which is weird, because my credit card's limit is $2100. The thing basically said I need a cosigner. Is this a good company? Nelnet recommended Suntrust. I don't wanna bother having my uncle co-sign if it's not worth it. There specifics looked pretty good with an interest rate capable of being as low as something like 4.5%. I already have the 3500. It isn't enough. Tuition plus books is about 8,000. I can cover books at about 500 a semester, but I want to take the loan so I can focus on saving, because the summer isn't long enough for me to save enough funds.

Is it possible to get your school student loan faster? Help? Ok so here is the situation. When I started school In August I received my student loans (pell grant & stafford loan). I spent all the money on school expenses, rent, food, etc. Now I am almost broke ($200). I won't be dispersed my next loan until March. Is there anything I can do to get it faster? My loan processor is Nelnet. I could try to get another loan until then and have it paid back in March. Is there any place that could do this? My credit score is only like 535 also and no cosigner. Please help!! Thanks! Also it show's that my spring classes are now do. Do I get a delayed payment form from them and they can take it out in March or how does that go? I think I messed things up. Was I supposed to pay for spring semester also out of my first loans? Because I payed for fall Due*

Can our student loan situation be helped? My husband and I have about $120,000 worth of combined student loan debt. These were taken out over a period of about 8 years, and consist of 11 separate loans from 6 different lenders including Sally Mae, AES, ACS, Perkins, Nelnet and Citibank. We're on graduated loan repayment for these, and our payments are totaling about $830/month. I was wondering if we could consolidate these through a private bank and possibly reduce the interest or the payment amount. Can somebody please tell me if we have any better options, we're a little bit in over our heads and would really appreciate any thing that eases up this tension, even if only a little bit. Thank you.

can I get out of 20% penelty for defaulting on student loan? The day my mother in law died I received a call about deferring my loan. I talked to the person and thought all was set. A year later I get a letter saying my loan is in default. I call nelnet my loan company and they say they sold the loan to college assist. They had my address spelled wrong and I had gotten married so my name changed. I call college assist and they offer me what seems to be a good program. 120$ month for 6 months then it goes back to Nelnet and and I can defer. So I accept over the phone and they take the money out. Now I keep getting calls saying they want me to sign an agreement saying I have to pay them almost 5,000 plus my loan for 22,000. It was in default for less than 2 months plus I didnt get thier letters and they called on a day where I was very upset. Is 20% for 2 months fair? Is there something I can do, like negotiate less? I havent signed anything yet. Thank you SO much for your imput!

Private Student Loan deferment? My loans are currently consolidated with nelnet. I decided to go back to school and will be going for 4 years so I called to get my loan deferred and they said I can only defer the private loan for 6 months at a time for a total of 24 months. Is there any way or anything I can do to get it completely deferred until I graduate as I can't get a job and goto school to make the $500 monthly payment.

Default Student Loan Problem-- Can they double the amount owed? About 7 years ago, I quit going to college because I was offered a great job. I started paying on my loans and paid for several years while I worked. Then I overcame infertility issues and started having children. I decided to stay at home with them, living solely on my husbands construction income. Then the economy got bad, and work slowed for him. I had to quit paying on my loans. I should have tried to work with the banks, but instead I just quit paying the loan payments. Several years have passed and I haven't made any payments. Apparently the loan, which originated with nelnet, got sold to other collectors over the years. They all tacked on fees. The bank that owns the debt now called me to set up payment arrangements, which I am ready to arrange and fulfill. However, they are saying that I owe $20,000. The original debt was less than $10,000. It seems unfair and unreasonable that the loan could double what I originally borrowed. Aren't there laws that protect debtors and put a cap on how much the debt can grow? I mean I can't be the only person out there that borrowed money and had hard times. Do you have any experience or insight into this subject?

Rehabilitated Student Loan still on credit report as negative.? I defaulted on a student loan (Loan A) a few years back. According to my credit report, it was charged off June 2005. Since then I have rehabilitated said loan through my State’s Higher Education Assistance Authority (Loan B). They sold it to Nelnet who I am currently making payments to now for the remaining balance (Loan C). All of the negative information on my credit report from Loan B quickly began to fall off. Loan C is in good standing and is being reported “Paid as Agreed”. Loan A, however, was still on my Experian report with a past due balance. I never paid this any mind until recently when I started looking into buying a house. My mortgage application was denied because Loan A is still on my report as unpaid with a past due balance. I disputed this with Experian. Two days later, I get a response from them telling me that they verified the information and that my report has been updated. I waited a week and then pulled my new credit report. The past due balance reported on Loan A has been removed but in the 24-month payment history section it says that the loan was charged off as of May 2009. This has caused my credit score to drop 51 points in 1 month!! Can they do this??? How can change the charge off date from Jun 2005 to May 2009? Can I dispute this again? Long story short…I disputed the past due balance that Loan A was reporting on my Experian credit report. They removed the past due balance but reported the acct as being charged off as of May 2009. This loan was actually charged off in June 2005. My Credit score has dropped 51 points since the dispute. Can they do this? Is it legal? How do I fix? I keep a hard copy of all of my past credit reports and they state that Loan A was charged off in June 2005.

If a student is denied financial aid can they still get federal student loans or loans from Nelnet?

Witch student loans are best sallie mae or nelnet? i'll like to know your opinion.

Student loan question? so im currently paying off my student loan. as of today ive been punctual in the payments. will this affect my credit score in a positive way or no affect at all? btw Nelnet is who im making payments to. thanks in advance!

PLEASE HELP ME!!! Is there a way to claim bankruptcy? I'm around $55,000 in debt. $16,000 is from credit cards. $22,000 for school with NELNET. $17,000 Private Student loan with SALLIE MAE. My parents are covering the NELNET loan, but I can't cover the others, and from what I've heard, one can't claim bankruptcy on Sallie Mae. Is this really so? Is there really no way to get out of that debt? The debt will always just keep growing and growing? I'm already paying $250 a month and it's not doing any good. THE DEBT IS GROWING!!! There must be a way to get out of it!!! Leave the country? Denounce my citizenship? If not, could I just tell them that I can only give them $1 a month or would they garnish my wages? Could they take away my freedom and jail me? I imagine that I would never qualify for any auto or home loans, right? What are my options and consequences? Oh yeah, that $250 is just for Sallie Mae... Nevermind the others.

What are my options on paying off this lingering student loan? I took out a $7500 stafford student loan at 7% interest from sallie mae in 1995. When I left college in 1996, I was not able to start paying. I put it in for a forberance on the loan and also hardships. As the years past, the loan has been sold a few times to other banks or corporations and has occured lots of interest. I am now under Nelnet Corporation and I didn't start paying until I landed a decent job in 2004. The amount was now up to an outrageous $13,500.00. I've been paying $150 a month since 2004 and am current and all on time since then. I have chiseled it down to $5,500, the current balance now. I recently have been checking the status and was wondering I can offer them a payoff or something short of what I owe and settle? I have already paid the amount I have borrowed, its just this loan never goes away. Any help or suggestions would be appreciated.

want to find a new lender for my student loans. Currently I have Nelnet, but it seems my payments are not? decreasing my balance.

Consolidating Student Loans. HELP!? I have students loans out with about three different banks. Student Assistance, Sallie Mae, and Nelnet. Where would be the best place to consolidate them? Also, I have student loans through my dad. Can I consolidate both his and mine into one??

What should I do about my what seems like a way overpaid stafford student loan? I took out a $7500 stafford student loan at 7% interest from sallie mae in 1995. When I left college in 1996, I was not able to start paying. I put it in for a forberance on the loan and also hardships. As the years past, the loan has been sold a few times to other banks or corporations and has occured lots of interest. I am now under Nelnet Corporation and I didn't start paying until I landed a decent job in 2004. The amount was now up to an outrageous $13,000.00. I've been paying $150 a month since 2004 and am current and all on time since then. I have chiseled it down to $5,500, the current balance now. I recently have been checking the status and was wondering if I have gotten screwed over the years for paying all this back. Is their any way to settle this amount? I have already paid the amount I have borrowed, its just this loan never goes away. Any help or suggestions would be appreciated.

Bank of America or Nelnet? what is easier to qualify for.For a student loan.which one is more likely to give you the loan if you don't have very good credit? or less perfect credit?

Trying to repair credit...have a question or two? I am in the process of reading and following "Credit Repair for Dummies" and I have 2 questions if anyone knows.. 1. I have a student loan thru OSLA and I have previously slow-paid on it, but I have 2 entries showing up as NELNET LOAN SERVICE that are both on my Equifax report. In the comments section it says STUDENT LOAN...they both have 0 balance, 0 credit limit, 0 scheduled payment amount, 0 past due amount and the current status states ACCOUNT IS INACTIVE. What is this and is it hurting me? 2. My mother died in 2003 and apparently had added me to one of her credit cards as an authorized user for emergencies. I never knew this or never had a card. When she died there was a balance of 3600 that was placed and charged off on MY credit report...is there anything I can do to get this removed, or am I stuck with it?

Got my credit report yesterday? and there was an entry from a student loan consolidation company called Nelnet that I have NEVER done business with. I opened the first letter they sent me and after my husband and I figured out what they are, we shredded the letter. How in the world can a company I've never contacted have an entry on my credit report?

Who is the best lender for FAFSA? I got approved for a subsidized Stafford loan and I was wondering if anyone could tell me which one of these lenders is the best... Sallie Mae, Chase, Suntrust, All Student Loan, Bank Of America, Wachovia, Wells Fargo, Nelnet, Citibank, Keybank, and Edamerica. I am just trying to get an idea of who most students tend to go with, the details on each lender is available here: http://www.elmselect.com/oll/SchoolLenderList/?schoolId=8183

Is it true that if I default on my ? student loan, I could lose my teaching license? I'm a teacher who is having trouble paying the expected monthly payment on my student loan. I was warned by a representative at Nelnet that if I don't keep my payments up to date, I could lose my teaching certificate, no matter how qualified I am. Is this true??

Removing Negative Credit - Bills sent to wrong address? Please Help! I have recently decided to research my credit score. Due to a break-up, I moved from one address to another and changed my address before loan payments were due. For some reason ALL of my student loan information was going to my old address...where ex assumed it wasn't important if I received this information. I just pulled up my credit reports and score. There are multiple negative reports from my student loans. I have one loan through CitiBank and one throgh NelNet. CitiBank is reporting for each disbursement I recieved rather than the overall loan. EIGHT in total. Same account number, just different disbursements. NelNet is report FOUR negative accounts, same account number. Is that legally acceptable? I have never recieved a letter, phone call or any information that could assist with getting this paid. Any assistance you can provide me would be great, sample letters to dispute, if this is legal or if I just have to suck it up and deal with it. Yes, I understand it is my fault. I am not 'justifying' my actions, nor am I attempting to make lame excuses. I screwed up and am trying to move forward and understand this 'credit' worlds. I own my mistakes. I'm simply asking...are they able to make claims on each dispursement or one lump sum per loan? Maybe I put the wrong header...I am accepting responsibilty...please don't judge my character...I'm looking for answers, not life coaching.

How To Dispute A College Loan? Hello I am in search of a serious answer, please no quick witted answers please? Here is the issue, I was attending this college for about 5 or 6 months and received loans through Salli Mae, after awhile the college classes went to online, which then I only had to report to the school once every two weeks. While this went on for about a month, I went to the school to check my mail box, see new bulletins etc... Well while I was at the school, one of the other students asked if I know that the school dropped the course? So I went to the advisers office and it was confirmed that the course that I was in was no longer being taught at the college. I advise them to refer me to another college, and they told me NO, and that I would have to take another class there like business, health, accounting, when I was taking Graphic Design. Long Story short, they advised another college, I went to the new college for about 3 months for graphic design, I also received Salli Mae, and neLnet loans. After the three months were over which was one semester, the told me they enrolled me in the wrong course, and i was going to have to start all back over, all but my reading class. After that I did not go to any more colleges, because I was kind of discouraged. So now the loans are on my credit of course, I put them in forbearance, but now that's done, and I want to dispute them because it was not on my behalf, it was due to the college's miss planning and miss communication. Does any one have any mature advise??? Please And Thank You

What does it mean when my student loans have a zero balance due to a claim? My student loans are through NelNet and I received a letter from NelNet instructing me to stop making payments. The reason they give is that my student loan account has been paid by a claim and now has a zero balance. I have had student loans since 1995; but I also have filed bankruptcy. What does all this mean? What claim paid my loans off? Did I or someone else get sued for the money?

Consolidating student loans, private and federal? I have my federal student loans consolidate with Nelnet, and a private student loan with Sallie Mae. I would like them all with the same company so I am only making one monthly payment. What companies are out there that I can transfer both of these loans to and possibly consolidate the two together? PS- Every time I talk to someone at Sallie Mae I yearn for the apocalypse, so I want to deal with a better company too.

Looking for serious financial/student loan advice? Anyone with advice on student loans from personal experience would be appreciated. Briefly, I owe $67,000 to Sallie Mae ($490/month extended 25 yr payment plan) and $8,000 to Nelnet ($87/month 10 yr plan). Obviously I went to a pricey private college, and the funding for the schooling fell through at about my 3rd year. Personally, the only other debt I have is a credit card ($1,500), I make $37,000/year (I come away with about ($1,780 after taxes, 401K,medical and dental/month), I have a company car paid for as well as car insurance paid for, and my credit score is pretty good (735). I have been living rent free with a friend, but she is moving so I have to start paying rent, bills, etc. I did purchase a $3,000 motorcycle a little while back, but am looking to hand over the note to someone as we speak. Because of this, I wanted to know a little bit about student loan consolidation from someone with experience. Will it decrease my student loan payment monthly? Is it a good thing in the long AND short run? Would you recommend someone with my sort of financial situation to consolidate? I just feel like right now I'm living okay given the circumstances (free car, insurance, no rent, etc), but once I have to start paying for rent and the bills that come along with it, I want to know if consolidating will help. Thanks