Private College Student Loan

Is it better to accept direct Federal student loans or ones offered through my University? Also, what'd be the difference between a direct loan and any other loan?

Federal direct student loans- outstanding interest balance? Does anyone know about outstanding interest on student loans? Can I pay them while I am still in school and will it make a difference later on when I am in repayment? Thanks.

How and when do I get money from my federal student loans? I took out a Federal Direct Student Subsidized Loan, Federal Direct Student Unsubsidized Loan, and the Federal Perkins Loan. I want to use the leftover money (the money not being used to pay for tuition and room and board) for books. When would I get that? Does the school give me a check or something? That's what I heard they do...

Is consolidating my federal student loans with Direct Loan Servicing my best option? Do they have the best rate? After all, THEY ARE the government, whom regulates rates, correct?

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.

I'm trying to set up to pay my student loans (federal direct) online. They want a phone number for my bank. My bank is PNC. Do I just give them the number for my local branch?

What repayment plan for student Federal Direct Loan should I elect? I have about 20,000 in loans to begin repaying the beginning of next year. I will have an income of $60,000 starting in July and will more than likely move up to the next tax bracket within 10 years. What would be the most beneficial repayment plan for tax purposes?

Can I withdraw an online federal direct student loan consolidation application.? I filled out an online federal student loan consolidation application, and decided against going that route. I filled out the application and promissory note on Friday. Will the DOE allow me to withdraw the application on Monday? The site: https://loanconsolidation.ed.gov/appentry/appindex.html

What's the difference between these Federal Student Loans? Federal Stafford loan and Federal Direct loan? Are they the same? Ohh and I already know the dfference between subsidized and unsubsidized, so no need to explain. Thanks for any help!

What am I able to use my Federal Direct Student Loan to pay for? I just received over $2000 in a student loan, but only about $1000 is going to go towards tuition and books. Am I able to do anything with the remaining funds?

question about federal direct loans? I just went online and applied for a federal direct student loan. The financial aid office told me they are not based on credit. Is this true? How do I know if I qualify? how does it work? I submitted the entrance counselling and the promisory note online a few minutes ago.

Is there any way to consolidate federal student loans with a private student loan before the july 1 deadline? I have 3 student loans through the federal gov't (perkins, federal direct and a "GATE" - AES loan). I also have a small private student loan through citibank. I want to consolidate all 4 by the July 1 deadline but no one will combine private and federal. I get ads in the but they all seem like scams to me. Any financial experts have any ideas?

Question for people with a Federal direct student loan, help? I have a federal direct student loan. My goal was to pay it off before Christmas, and I'm running into a snag. I made a large payment on October 20th, and a day later the federal loan website showed the reduction on my principal balance and interest. The problem is that the money has not been debited from my bank account. I've checked with my bank (citibank) and they don't see a problem on their end. The federal loan agency has been very dodgy about this whole situation. They have no explanation as to why this could be. I've talked to several different people and supervisors, and they all tell me the same thing "We recently updated our website and we're working through some of the issues, others have complained about the same problem." When I ask them to send me something in writing saying there is a problem, they tell me they can't do that, and it's against policy!! What the f@#$! The point is, that money didn't come from me, so either they never received it, or it came from someone else who I'm sure is not very happy about losing $1,000. I don't want them to hit me with a notice 10 years down the road saying I still have a principal balance of $1,000 and $15,000 in accrued interest. I'm a hardworking American trying to get out of debt, and I feel like I'm being scammed, has anyone else had the same experience with their new website?

Thinking to refinance my federal student loans. What would be the process like? I'm trying to combine my federal direct and PLUS loans? How hard will it be?

Does a Federal Direct Student Loan require a parent signature ?

How would I extend my time period to repay my federal student loan? I have a Federal Direct student Loan for this past fall semester (ending in Dec 2009) and I was unable to go back to school due to family reasons, however I will be returning to school this coming fall semester (end of August 2010) I know the grace period is 6 months after your last enrollment, however is there a way for me to not have to start paying back my loan yet? Thanks!

What happens if I decide to repay my Federal Direct Student Loan early?

Can a family member pay your federal direct subsidized and unsubsidized student loans? If so, how? I have not been able to find information on this.

Do all eligible federal student loans have to be included when you consolidate? I consolidated my undergraduate federal student loans a while back fixed @ 3.25%. I now have two seperate graduate student loans (also federal) that I would like to consolidate at a fixed rate so I can pay them off more easily. My undergraduate loan is a higher amount than my graduate loans combined and at a very favorable interest rate. Can I consolidate only my two new loans without including my low interest loan? I would not go through a private company, but rather through "Direct Loans." Having a singe payment is not my priority, I am looking for a fixed interest rate (preferably the lowest possible).

Financial responsibility for student loans made before marriage? Say you had $100,000 in debt from federal direct student loans. You account is current but it is current because you have been given a deferment that is set to expire in a year. During that time, you get married. When your student loan deferment expires, you are unable to pay & you default on your loans for some reason. Would they be able to come after your spouse for the amount you owe, even though you were not married when you signed the promissary note nor were you married when the account went into repayment or you requested the deferment that was granted?

How do i get my federal student aid direct loan audited? I am disputing my billing history but have gotten no where with the "customer service" people on the phone. there has to be a way to get my loan audited. please, help!

What is this I hear about the Obama administration picking up the tab on government student loans? I was watching the news and I heard a blip about the Obama administration picking up the tab for students with federal direct student loans and I was wondering if this is true or is this hearsay?

I want to pay off a Federal Student Loan (Direct Loan) in one year. Any restrictions? Do I have to pay min?

Can I start paying off my federal direct subsidized student loan? I can manage to pay off some of my loan even though I'm still in school...am I allowed to do this? Will it have an affect on me getting the same type of loan in the future? Anything else I should be aware of?

Can a person get a direct student loan from the federal government and get ssi benefits as well? Can a person who is disabled get a direct student loan from the federal government in order to go to school and get a job he or she can do and still get ssi benefits during the time they are in school?

If I pay off a subsidized federal student loan before graduation, do I still pay interest? I'm considering taking out a "federal direct subsidized student loan" for $3,500 as I could really use the money right now. There's a good possibility I'll be able to pay off the loan before graduation. I'm wondering if I'll still have to pay any interest or if I'll only be required to pay the principal if it's paid off early.

what is the benefit/downside to getting a federal student loan vs a private loan somewhere else? im eligible for a few federal direct loans but im wondering if it would be more or less beneficial to me to get one loan from a private institution for the total cost of what will be owed.

Has anyone used federal student loans to seattle central community college? I really want to go to this school but my mom makes to much money for me to get anything from financial aid, makes sense but she isn't going to help me pay for any of my education so I'm looking at loans. I'm looking for a full time job also to help pay for stuff. I have been looking at direct federal loans, I'm still pretty fresh on the idea of loans so I still need to learn more. This is on their website: Loans Seattle Central Community College DOES NOT PARTICIPATE in Federal Student Loan Programs (Stafford Loan, PLUS Loan, Perkins Loan). We encourage students to do research on their own, contact several lenders, and compare the various terms and conditions of the loans they offer so you can select a non-Federal loan that best suits your needs. Please note that non-federal loans generally require students to have a steady source of income and good credit, or a co-borrower with a steady source of income and good credit. What does this mean? How can a school not accept loans?

I am a graduate student. If I am over awarded, do I need to pay back federal direct loan right away.? I am a graduate student. I received federal loan at the begining of the semester and then I received fellowships which make the total aid more than cost of attendance. Do I need to pay back direct loan amount I received in this semester right away.

Do federal student loans and Pell Grant affect my eligibility for food stamps in GA? I get a subsidized direct loan and full Pell Grant, and wondered if this would affect my eligibility. Also, as a secondary question, would an AmeriCorps stipend count as income? And would the 25 hours per week working with the program for that stipend count towards the 20 hour-weekly minimum work hours for full-time students? Thanks!

Can you use your money from a federal student loan refund for anything ? For example rent? I am supposed to be getting a refund from a Federal William D Ford Direct student loan. Meaning they already paid the school and the school is sending me a refund. My husband and I are getting divorced and I am broke and need a place to stay. Is it possible to use that refund money for living expenses or can you get into trouble for that.

Do Federal student loans cover room/board? If not, what are some loans that do cover this? Yeah, I got a Federal Direct Subsidized loan this year, but I'm only going to a regional campus. If I got the same next year, does it or any other student loan or federal grant I get pay for room/board? If not, what loans do pay for room/board that I could get easily?(without much credit history and my mom doesnt really have much credit)... Well, I do have a job. I've been working at this one place since the end of July, and don't see myself leaving there anytime soon. I also had a couple jobs that didn't last that long before this job that has lasted awhile.

Can I take two federal student loans at the same time? I already have my pell grant and one subsidized direct federal loan. I graduate on May if I can pay all of my remaining courses. If not, I would have to wait until the next semester, just so I can apply for a pell grant and other financial aid again. I much rather finish it up as soon as I can. So is there any way I can take like another student loan, even if it is un-subsidized , or any other aid? Please help! My school is closed for the holidays...

Difference between the student PLUS loan and a federal direct subsidized loan? Hi, Im starting school in the fall and I checked my financial aid status, I am allowed to receive 2 types of loans: 1) fed direct loan subsidized 1, and 2.) a fed direct PLUS loan. What is the difference between the two? when do I have to pay them back? I dont want my mom to use her credit, and since I know PLUS loans are for parents, it is my idea, not hers to take it out, so can i use my credit instead? what is the interest on each of them?.....Should I just decide to take out a credit union student loan ( I am considering the usc credit union loan), instead of two different loans, in order to just have one balance? the usc credit union collegiate loan is available to all students regardless of where they attend right? I mean, besides having your credit approved first. has anyone taken out a student loan from this credit union? any info is greatly appreciated.

Can I put private education loans in my federal consolidation loan? I was just called by Sally Mae; the very rude collection agent was demanding that I make payment immediately for my loan that is 60 days overdue. I am currently doing the paperwork for a William D. Ford Federal Direct Loan to consolidate all of my student loans together. The agent told me that would not take care of this loan because it is a private student loan not a federal. Is this true? What options do I have if any to get all of my loans consolidated together?

I want to go back to school, but I can't go to school on my direct loans.? I used to have a federal student loan with direct loans. What are some other good loan places to get a loan from? I have to already start paying back my direct loan.

How much will I qualify in Federal Student Loans? At the Community College I'm going to, the Total Cost of Attendance is about $4,200. My EFC is 11730. I don't qualify for the Pell Grant but I do qualify for Low-Interest Federal Student Loans. I'm looking at the type of Federal Loans I qualify for. They are: -Federal Perkins Loan (Undergrad students up to $5,500) -Direct Subsidized Stafford Loan (Between $3,500-$8,500) -Direct Unsubsidized Stafford Loan (Between $5,500-$20,500) -Direct PLUS Loans for Parents (Maximum amount is cost of attendance minus financial minus any other financial aid the student receives) Do you know the amount I will be allowed to take out in Federal Student Loans with my EFC? Please, no links or 'copy n paste'. Thanks

conservatives: why are you against the federal student loan program? i thought you supported the average middle class family. do you think it helps the students, just like how you think the lack of social programs helps the poor? http://en.wikipedia.org/wiki/Federal_Direct_Student_Loan_Program

How long does it take to get your federal student loan garnished? I received my student loan statements from Direct Loans and they show current. Also on my credit check they show Current. I however have not paid them. Its been about 1 year and a half. How long does it take for them to garnish it? I haven't received anything saying its delinquent either. I am going to call them tomorrow morning. But I would like to get an idea of how it works

What happens to the status of student loans if I transfer undergraduate schools? I just transferred undergraduate schools and still have some student loans from my previous school (Sallie Mae and Federal Direct loans). Is there some sort of clearing house that my new enrollment status will be sent to so that the loan agencies know that I haven't just stopped going to school (and thus cause my loan payments to become due)? Or must I obtain enrollment verification from my current school and send it to each loan agency myself?

can i get new student loans if my old loans are in consolidation? sad story....lost my job, divorced, Bal bla bla, i went into default with my loans. My federal student loans are now consolidated thru the program that Direct loans works with. I have paid them twice and the third is in the mail. My question is, am I eligible for more federal student loans, so i can go back to school? please cite your information, so i know the information is trustwourthy. Thank you!

Should I move my consolidated student loans from the fed government Direct Loan Prog to one run by privates?

which loan is better the Federal Direct Subsidized Loan to meet need or the Federal Perkins Loan? these are the terms William D. Ford Federal Direct Subsidized Loan to meet need : The William D. Ford Federal Direct Loan program is available to undergraduate, graduate, and medical students based on financial aid eligibility. The federal government will pay interest on this loan while you are enrolled in college at least half-time. The application will not be processed through a bank, but rather through UCI and the U.S. Department of Education.The guarantee and origination fee will be deducted from the loan amount you borrow. You will be charged a 2.0-percent origination fee. A rebate of 1.5 percent of the loan amount will be included in each disbursement. If you advance a grade level during the academic year you may be eligible for a higher maximum annual loan limit. Otherwise, you must wait until the period of time equal to an academic year elapses to borrow again under the William D. Ford Federal Direct Student Loan Programs (subsidized and unsubsidized). Interest Rates are fixed at 6.0 percent. the second loan is: Federal Perkins Loan The Federal Perkins Loan is a long-term federal loan for students who demonstrate financial aid eligibility. Cumulative totals for the full term of college attendance may not exceed $20,000 for undergraduates and $40,000 for graduate students. Interest rate 5 percent per year during repayment Deferment period before repayment Information regarding deferments will be provided at your exit interview. Also, you may refer to your promissory note for the information. Full repayment up to 10 years Minimum payment $120 per quarter

How does a Federal Direct Subsidized Loan (William D Ford Loan) work? "The William D. Ford Federal Direct Loan program is available to undergraduate, graduate, and medical students based on financial aid eligibility. The federal government will pay interest on this loan while you are enrolled in college at least half-time. The application will not be processed through a bank, but rather through UCI and the U.S. Department of Education. The guarantee and origination fee will be deducted from the loan amount you borrow. You will be charged a 1.5-percent origination fee. A rebate of 1.0 percent of the loan amount will be included in each disbursement. If you advance a grade level during the academic year you may be eligible for a higher maximum annual loan limit. Otherwise, you must wait until the period of time equal to an academic year elapses to borrow again under the William D. Ford Federal Direct Student Loan Programs (subsidized and unsubsidized). Interest Rates for Undergraduate students are fixed at 5.6 percent. Interest Rates for Graduate/Professional students are fixed at 6.8 percent." Can someone clarify this for me? Let's say I borrow $3000.00, what will be the outcome?

Will I be able to defer my federal and private student loans? I would like to do about a year's worth of volunteer work out of state starting in August of this year. I will be graduating in May. I will not be volunteering through a large, well know organization. My private lender is Sallie Mae. I searched the site and called them asking this question. The woman said I would just have to fill out a form saying i was unemployed when it came time to begin payment. I was not entirely convinced that this is all I would have to do. Also, direct loans has taken over student loans since i have been in school. I still don't quite understand it but would that mean I would have to get a deferment on my federal loans as well as my private loans? how would I go about doing this? Thanks.

Republicans – Are Any Of You Against Obama’s Direct Student Loans? (2010) Is there anybody out there who is actually disappointed with Obama’s policy to cut out banks as the middle-men for student loans? This policy shall save the federal government $64 billion over ten years. (Can right-wingers just admit that this is a good policy by Obama?)

Can you get a federal direct loan if you've gone over your maximum time frame? I was denied financial aid because of my maximum time frame (92 credits). But need two more classes to finish before I transfer to another university and was wondering if I can apply for a federal direct loan to pay for those classes. Also I have tried applying for a private student loan and was denied cause of my limited credit history so a federal direct loan is my only option. Please and Thank You

How often is interest compounded or capitalized onto a federal direct stafford student loan? For example, if I have a student loan of $5000, and the interest rate is fixed at 6.0%. How often is the 6.0% added onto the principle? Do I add on 6.0% after every month or is it every year? For example, by month: First month: $5000 Second month: $5000 + 6.0% = $5300 Third month: $5300 + 6.0% = $5618 etc. By year the amount of interest would just be $300, but I'm not sure if that is the case. I can't find anywhere where it says how often interest is added either.

can the state revenue take money from refund for federal student loan or just federel return? will the state of mass take from my state refund for a direct student loan or will it be from the federal return or can both deduct from my returns

Can any student loans be consolidated at current very low interest rates to help us financially? My 8.5% student loans are like credit card rates. Are the banks profiting on this? My Direct Federal Student loans do not qualify to be consolidated at a lower interest rate. I inquired already. I am struggling with $900/month payments and can't use home equity money because my home is devalued. I have 4 Parent Plus Federal Student loans at interest rates from 6.5 to 8.5%, yet home mortgage interest rates are as low as 4% and in some cases, lower. Why this difference and who is profiting so much? It seems that consumers who have invested in education of their children should not have to pay high interest.

How are student loans disbursed? What actually happens? I've accepted a few loans from school, (Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Direct Unsubsidized Loan) and i was just wondering what the whole process is, for the school to disburse the loan? Do they give me a check? or is it through something else? and how do they disburse federal perkins, direct subsidized, and direct unsubsidized loans? Thanks!

If I consolidate my student loans can I differ them if I come under financial hardship like individual loans? I have 52k in student loans, my wife has another 30k. The first question is should we consolidate them all togeather and 2nd question is what if we have a finacial hardship or some other unforseen event and cant make the payments. Does the William D Ford Federal Direct consolidation loan have deferment options like I do now with all these individual loans? Thank you all for your time.

Need Help with Federal Direct Student Loan..? Alright so I will be starting college next month (really excited)...And I have few questions about the Federal Direct Student Loan.. I am receiving both Federal Subsidized ($1750 x 8 = $14000) & Unsubsidized ($1000 x 8 = $8000) Direct loan. Alright so my question is: Do I have to pay interest or just the base amount, if I pay back all of the money that I borrowed right after I graduate from College (before the six-month grace period) ? My dad said that he will help me pay pretty much all the College fees. So my question is should I borrow loan and then pay off after I graduate or should I just not take loan at all??

federal direct loans? Wat student loans are better to work with

What is the direct number to Federal Student Loan Hotline? Checking on a loan that is 29 years old.

do you have to take out federal student loans? ie - federal perkins loan, federal direct sub/unsub loan. What are they? Please explain.

Stafford Federal Subsidized Direct student loan? Does this loan, since it says direct, go directly to the school and the school just refunds you what is left over? Because KU won't refund you until the end of the semester...which is useless to me. Or does it go directly to you?

How do I get student loans? Through FAFSA I qualify for a Federal Direct Subsidized Loan and Federal Direct Unsubsidized Loan totalling $5,500. Though I am constantly applying for scholarships, I still need about $10,000 to cover the cost of attendance for the 2011-2012 school year. Is it possible for me to get student loans not throught the federal government? How can I get this money? My EFC is really high though, around $20,000. Will I still qualify for Parent Plus loans?

If the federal direct loan program bought all my student loans, are they automatically consolidated? I had all my loans through BancFirst but I got letters saying that the federal loan program has bought all my loans. Does this mean they are automatically consolidated since the federal program now holds them all or do I need to have them consolidated still? The letters had my total combined loan amount on them.

Does a direct school loan count as federal student aid? Im filling out the FAFSA and it asked if I have ever received federal student aid. I had a direct loan so would that be a yes?

conditions/details of federal student loans? where can i find the details and fine print and payment plan options etc of federal student loans before accepting them?? i need to know things like if you can pay before you graduate, what kinds of fees exist, what my options to pay are, if i can take out less than was offered. i am having no problems finding general and usual info, but having an extremely difficult time finding the fine print and what's in the contract before i accept it. pleeeeeease help me out here! i am specifically looking into the Direct unsubsidized loan and possibly the direct parent PLUS loan.

For students who get their student loans from federal direct loans what do they disbursed funds to your school? im still waiting on my loans to disbursed to my school it was suppose to come last tuesday but it still not here i called the school they said that everything is ok there is nothing missing on my file all the paper work is done but they don't know the exact date/day it will be posted to my account does anyone know where i can find that out i tried their website but i got nothing

If i work Direct Loans as a Customer Service rep.... will i get a discount of my Federal Student Loans?!?!? will i get a discount of my Federal Student Loans?!?! I know other companies give discounts for their employees... do you think Direct Loans would? What do you think?

Can I payback federal student loans during grace period? I have just graduated and had both: Federal Perkins and Direct (i think also called Stafford) Subsidized Loans. From what I have read, the grace periods are 9 months and 6 months accordingly and both do not build up interest during this time. I have been working and want to start paying my loans sooner. I am 3 months into my grace period, can I begin paying loans now? How? Please site credible sources. Thanks!

direct federal student loan? how long does it take for your loan to be processed i turn my loan paper in to the school on monday when do they let you know how much you will receive and also my school said that since it my first time it will take 30 days from my start date to receive the loan so will i receive the whole half then or will it be in two installments and any other info will be help full

How often is interest compounded or capitalized onto a federal direct stafford student loan? For example, if I have a student loan of $5000, and the interest rate is fixed at 6.0%. How often is the 6.0% added onto the principle? Do I add on 6.0% after every month or is it every year? For example, by month: First month: $5000 Second month: $5000 + 6.0% = $5300 Third month: $5300 + 6.0% = $5618 etc. By year the amount of interest would just be $300, but I'm not sure if that is the case. I can't find anywhere where it says how often interest is added either. Stop being a douchebag, Ms. Look It Up. Go look up in the dictionary on how to not be a jerkoff.

is 6.8% (Direct unsubsidized student loan) a low interest rate? i am trying to decide if the student loans i was offered through my university are the best options in terms of a low interest rate.. i was offered: $5,500 - Direct Unsubsidized Loan $8,924 - Direct Parent PLUS Loan in general i am finding that people say federal student loans are the best deal because of the interest rate, but is it possible/likely that there are better options - like loans through a bank? basically, what i want to know is what makes these federal loans so much better than other loans.. ps: is the direct unsubsidized loan the same thing as the Stafford loan??? if you have any helpful links, pleeease send them my way :) thank you!!!

What do I do if someone else wants to pay my student loans? I have a family member that wants to pay off my federal direct and other student loans. He says its a bad idea to have it where he sends me the money then I pay the lender. He would rather pay them directly. Is this legal? If so, how does it work? I can't find any information at dl.ed.gov.

What can I use my student loan for? So I have already paid my tuition, my books, and every university fee...there is some money left over from my stafford federal direct student loan - subsidized. What can I use it for? groceries? school supplies?

William d Ford Federal Direct Loan Program? Has any been sued by the William D Ford Federal Direct Loan Program? Can they take your house or assets if you are behind on your student loans?

Best company for giving out student loans? Ok I have the federal direct sub loan and other things like the pell grant etc. But I still have to cough up 3,000 dollars and I was wondering what is the best company that gives students, student loans?

Need to consolidate student loans. Please help!? I have 4 difft student loans. I need to consolidate into one payment. I need to still have the option to defer later when return for grad school. The ting is, I want a really good interest rate and I have difft types of loans. I have private loans and other loans. I have salie mae, federal direct, iowa student loan liquidity, and ECSI. Really need help on who to consolidate with and which loans I can consolidate. Please help

Federal Direct Parent Loan Approval? Background: I plan to be a freshman at the University of Washington. I'm an out-of-state student from Illinois. I received the following financial aid: Federal Pell Grant $4731 Federal Supplemental Grant $4000 Federal Perkins Student Loan $3000 Federal Work Study Program $3300 Federal Direct Sub Stafford Loan $3500 Federal Direct Parent Loan $17,265 My father and I are very concerned about the Federal Direct Parent Loan. When I graduate from the university, my father will be in his 60s, retiring. His credit score is not very good as a result of various financial issues relating to illnesses, divorce and family issues. Will the Federal Direct Parent Loan be denied? It seems very unfair to me, seeing that the University of Washington offered it to me. Throughout my college search process in high school we were told that the financial aid packages from universities were worry-free. Please advise me, I'm rather upset :(

If I've gotten student loans before, can I get any more in the future? Actually my question is a little more complex than that in the title. I've been accepted into a college, and in order to go, I need some financial aid. So, the school sent me a financial aid form to fill out and send back to them. At the end of the form, there is a terms & conditions section that I have to agree to in order to be eligible for aid. One of the the terms is as follows: "I certify that I AM NOT in default or owe a refund at ANY institution of post secondary education for a Student Loan, PLUS loan, Federal Insured Student Loan, PELL or FSEOG Grants, College Work Study or National Direct Student Loan." I know what it means to be in default with a loan, but what I'm not completely certain of is what it means to owe a "refund" to a loan. Does that mean if I am making payments on a loan (or loans) as of right now, I can't apply for any more loans? I presently do owe on some loans, and I just want to make sure that the whole "owing a refund" thing doesn't mean that I won't be eligible for more aid. Anyways, if anybody out there can help me with this, it would be greatly appreciated. I don't want to sign the form and lie to my school... Just wanna make sure if I sign it, I understand completely the terms and conditions. Thank you much! :-)

If a Federal tax return is partially garnished, will the remaining refund still be sent by direct deposit? I filed my federal return which is a little over $4600.00. I also have an active judgment under my name for federal student loans and they confirmed with me that $917.00 was going to be garnished from my tax refund. Due to the offset, is the IRS going to send my remaining refund via direct deposit as I requested or are they going to mail me a check?

Do I have to take out loans I accepted on my financial aid offer? I filled out my financial aid offer in March. I accepted the federal direct unsubsidized student loan and the Parent Plus loan for the full amount, because that was the only way I had to pay. Now I have received some scholarships and I don't know if I am required to take out the full amount of the Plus loan of if I can forget about it(what I would like to do). I haven't filled out the promissary note yet, and I haven't done the bank application. Can I get out of the Plus loan?

What kind of college loans are these? Can someone please give me a thorough and detailed explanation of what each of these loans are? thanks alot, would appreciate it very much. FEDERAL DIRECT PARENT LOAN (E) STAFFORD FED DIRECT STUDENT LOAN - SUBSIDIZED(E) STAFFORD FED DIRECT STUDENT LOAN-UNSUBSIDIZED(E) FEDERAL PELL GRANT

best company to consolidate student loans with?? I currently have 4 student loans out. One in a small loan I plan on taking care of myself. One is Sallie Mae. One is a Federal loan and one is a Direct Loan. I want to reconsolidate my loans and am wondering which company offers the lowest interest rate?

If someone else pays your student loans, do they get any benefits? Such as if a family member wants to pay your student loans, and they don't claim you on their taxes, would they be able to benefit in some way? This is for federal direct subsidized, unsubsidized and perkins loans.

Do any of the federal financial aid loans pay off prior collegiate balances? I want to get back into school, but before I can do that, I need to pay off my past balance of $10,000. I already tried to apply for the Stafford loan, but I was told that it cant be applied to prior balances. I am trying to avoid gettin a personal loan from a bank because I have horrible credit. Is there any federal loan that will cover this? These are the loans I have heard about: - Auxiliary Loan Assistance for Students (ALAS) - Stafford Student Loan, formerly know as the Guaranteed Student Loan (GSL) - Parents Loans for Undergraduate Students (PLUS). Must be incurred for the use of the individual contracting for the program (not others such as relatives) - Consolidated Loan Program. Only covers the member's education expenses - Federally Insured Student Loans (FISL) - Perkins Loan, formerly known as the National Direct Student Loan (NDSL) - Supplemental Loans for Students (SLS)

how do I consoldidate my private student loans with bad credit? I don't know what to do. I have 78k in combined federal and private student loans. I have already graduated and have had to put my loans in to forbearance because I cannot afford the monthly payment that is due. I have loans through the evil corporation of Sallie mae. Recently, I found out that they no longer consolidate period and that there is really no way to lower my monthly payment. I found a company that will take over my federal loans, but not my Private loans. They want $430 just for my private loans. I just can only pay them about two hundred of that hoping my account wont default. But that is it! I am up to my neck in bills. I am on the verge of getting a second job. I tried calling d ford and direct loan, but they can't do the private loans. Is there any legit company that can consolidate my private student loans. I just need to lower the monthly payment. Sallie Mae is not working with me. Help!

Where can I find a student loan with low interest rates? I am entering my Sophomore year at a private, four year institution this year and still need to pay $7,649 before the beginning of the school year. This amount was determined after subtracting the total awards that the school awarded me from the total tuition for the school year. Today I applied for a $3,500 Federal Stafford Loan through Nellie Mae. Every road I take is a dead end in terms of finding a company with low interest rates. I am the first member of my family to attend a post-secondary institution, let alone full-time, and really have no idea what I'm doing. Last year, my parents applied for a Federal Direct Loan for $6,000 and we're currently paying on that amount. I'm really worried that my total loan amount is going to be enormous when I graduate and that I will have no way of paying it off without living at home. Any suggestions about a good company or other financial advice is greatly appreciated, so much that I will reward someone with ten points. Thanks. I was told that we're paying on the loan right now because it is in my parent's name. Thanks for your input, Joe.

Can I deduct the interest paid on my student loan from my taxes? If so, how? I have a Ford Federal Direct Loan. The 1098-E stated $1,162 collected. I calculated that I actually paid $692.30 in interest(I needed a forbearance for part of the year.) Any help would be appreciated? It is all rather vague at the IRS website....hmmm imagine that!

Is there any way to decrease the interest rate on a student loan after graduating during repayment? I have a ridiculous interest rate on my Direct federal student loan 6.8% for ~$25,000. My other ones are 5% or less which I'm cool with, but that 6.8% one is bugging the hell out of me. I just want to know if there is any way to get somewhere around a 5% loan to pay off the 6.8% one that I currently have. I just can't believe I have a higher interest rate than most car loans for a student loan. Plus, I hear from some of my friends who are still in school that they are getting around 5.5% on the same type of loan currently.

Consolidating student loans? I am looking into getting my federal student loans consolidated through https://loanconsolidation.ed.gov. I had a Perkins loan, and I heard you shouldn't consolidate that. I also have Direct Stafford loans, but Subsidized and Unsubsidized. Am I able to consolidate these together, or will it mess my interest rates up or something and be bad for me in the long run? Also, when I look at my loans online (I'm in my grace period still so I don't have the coupon books) I can't see my specific interest rate to apply. And I have no idea what my account # is from federal student aid. Can anyone tell me how to get these?

Interest Rates on Student Loans? Hi, everyone. I have specific Qs about student loans for people who have experience in paying back or dealing with student loans. First of all, I am a recent college graduate and I will have to start paying back my student loans in 6 months after grace period ends. Today, I looked at the interest rates of all my loans. And they all have interest rates around 6.5%. All my loans are Federal Direct Stafford Subsidized Loans. Until I checked today (I should have checked it sonner), I expected the interest rate to be around 3-4%. 1. Is my interest rate too high compared to other students? 2. Is there any way to reduce the rate through Fed. Gov. before I start paying back the loan? 3. I get so many calls from bunch of private loan companies saying they will get me the lowest interest rate possible. Should I use one of them as a last resort? Thanks in advance for any insights.

Lowering my not government student loans payments.? I have 2 loans through Sallie Mae that total the bulk of my student loan debt. They are not Federal Loans and therefore I cannot consolidate them through Direct Loans. I cannot afford to keep paying them, they take up 40% of my income. Any suggestions? I have 2 loans through Sallie Mae that total the bulk of my student loan debt. They are not Federal Loans and therefore I cannot consolidate them through Direct Loans. I cannot afford to keep paying them, they take up 40% of my income. Any suggestions? Someone suggested I get a second job. So i thought it might be important to add that I have one. I work 7 days a week. I am limited to where I work as a second job because of my first job. Ethics and all that stuff.

if conservatives want to help the average, middle class american family? why do they keep trying to end the FDSLP program? [federal direct student loan program; helps college students pay off loans] and why are they trying to raise student loan interest rates?

What's the best way to pay down a deferred student loan? I have a VERY large student loan which is currently deferred. I am fortunate to be in a financial position where I am able to make the loan payments once I enter repayment (my husband and I have very little other debt - he has no student loans). Basically, I look at it as giving up a nice car (payment and insurance each month). I work for a university and am beginning my MBA, which will take about 2 years part-time (previous grad work reduced the number of courses required for my MBA). My work pays for my grad studies 100%. A few other background notes, I consolidated my student loans at 3.25% (3% once I sign up for ACH payments), my husband and I would like to buy a condo within 2 years, and we have taken my loan payments into consideration when deciding how much condo we can afford. With my student loans deferred for 2 more years and ING Direct paying me 4.5% for my savings, is it possible for me to make payments toward just the unsubsidized portion of my federal student loan? In response to considering a career in real estate. I worked in title insurance/mortgage industries for 6 years (including time before and after earning my degree in Economics) and am a licensed title agent. I also worked for a very large bank as a loan processor. Unfortunately, I did not move from the title side to loan processing until after the refi boom and missed out on a lot of money. I will definately make the switch if we get another huge drop in rates! I think it will be something I would consider after finishing my MBA.

Should I consolidate my student loans? Hi! I make 33,000 per year. I have four loans (three of which are educational). Should I consolidate them? 4800 my truck at 7.99 percent (private loan) fixed 19760 direct loans unsubsidized (federal) 6.85 percent fixed 15000 sallie mae 1.45 percent but it's variable rate 7500 perkins loans 5 percent fixed what's the best way and order to pay these off? Should I consolidate them? i've been paying the income contigent plan for the 19760 federal loan and learned i havn't paid a dime of the princiap last year?!?!?! i just want to get these paid off i hate having debt. any ideas or suggestions? should i consolidate?

What type of loan is a Sallie Mae Signature Student Loan? Choose from the list.? What type of loan is a Sallie Mae Signature Student Loan? These are the choices I have to choose from Loan Types and Their Codes) : B Guaranteed Student Loans (GSL) C Federal Insured Student Loans (FISL) G Unsubsidized Federal Stafford Loans (including Nonsubsidized Stafford Loans) H Federal Supplemental Loans for Students (SLS) L Direct Unsubsidized Loans M National Direct Student Loans (NDSL) P Auxiliary Loans to Assist Students (ALAS) Z Loans for Disadvantaged Students (LDS)

Please help!? Can I still consolidate my student loans??? Is it too late!? Hi all. I graduated in May. I feel so stupid. The 6 month grace period for the direct Ford Loan I took out just ended about a week and a half ago!!! There's no way I can pay the amounts of federal loans without consolidating the payments into smaller payments per month! The 9 month grace period for the non-direct Federal Perkins ends in March.

I need help finding a student loan.? I am a sophomore college student trying to find a loan for about 5,000. I am trying to purchase a car because I commute to school. I already received the Federal Direct Loan, but it was a very small amount. I have a cosigner with good credit, but he is unemployed at the time. PLEASE HELP!!

Student Loans , What is the best path? Hi everyone, I will be attending a 4 year school in the fall.The school uses the Federal Direct Stafford Loan which I can only get unsubsidized. Tuition each semester is $9500. After a $2000 scholarship and the Federal direct stafford loan I will still owe $4750 each semester. Is there any advantage to getting a Direct PLUS loan over a private loan to cover the rest of the funds. My parents have good credit history and are willing to cosign or borrow in their name. I have noticed the direct PLUS loan has a fixed intrest rate of 7.9% and the payments on the principal begin almost immediately. This rate seems kind of high. If I apply for a private loan with my parents backing is their a chance I can get a better rate and only pay intrest on the loan while in school not the principal? I have read avoid taking a private loan at all costs. Is this true ? should I stick with the PLUS?

Student loan help please? I am an undergrad student in halfway through my sophomore year. I am responsible for paying my own way through college. I don't qualify for any financial aid from FAFSA, because of my parents' income. I have taken out an Unsubsidized Federal Direct Loan, however, I am looking to move out of my house, and this loan doesn't even fully pay my tuition each semseter. I have a part time job as well, and I work as much as I can with being a full time student, but I still would be coming up short. My parents aren't willing to co-sign a loan with me, so I am just unsure of what my options are at this point. I don't know where to go or how to go about taking out a second loan from another company, or even if I could GET one. ideas? help?

What are the different student loans? I had taken out two student loans back in the day. I went to the federal website to check on the loans. I only took out two loans. What is showing on here are the following: Direct Consolidate Unsubsidized Direct Consolidated Subsidized Staffor Subsidized Stafford Unsubsidized

How come my Community College won't let me use Stafford Loans for Living Expenses? Okay, for the last 2 years I've made around $4,000 each year. I filled out FASFA and talked to the College I want to attend and they said I will get about $6,000 for tutition and books etc. with my Pell and FASFA. I asked about Stafford loans as I am an 25 year old Independent Student with no money to pay for an apartment. The school is 3 hours away, I live in the middle of nowhere (northern Michigan) and I picked this College because of the Top of the line Cisco Program they have (CCNA). The School will not allow me to take our more than $1,7500 per semester and I can only use it for gas money and tuition!!!!! How is this possible since the Stafford loans are Government Funding? So basically I can not start in January now because I don't have ~$1,000 for a down payment for an apartment. School doesn't have dorms, and my credit is not good enough, nor do I have a co-signer for a loan. I just can't believe that college is not obtainable for me in this day and age. The CCNA program is a great program and MCC is the only Community college in the state of Michigan that has it. I just feel like that since I am the one borrowing the money and the goverment pays the interenst until I am done with school that I should be able to use the money for living expenses and even a new computer since I will be taking a very in-depth computer networking course. How can they get away with this?? If people can't get the education they want, how will this economy in Michigan and the USA ever improve. Oh, this is the funniest part of the whole deal with this college!!!! They state this as their reason for there Cap limits and restrictions.... "MACOMB COMMUNITY COLLEGE LOAN POLICY 2008-09 Macomb Community College is concerned about the high debt level of our students. To minimize student debt, Federal Direct Stafford Loans can only be used to pay for direct educational expenses such as tuition, fees, books and transportation. Loan funds cannot be used to pay credit card bills for personal purchases, child support payments, car payments or other non-educational costs. We will also not approve loans for room and board expenses. There are, however, alternative loans from private lenders to assist with room and board expenses."" ahahaha, yeah lets borrow from banks instead that charge higher interest rates and the loans everyone is having problems with!! Does anybody have an advice?? Does anybody know if I can use Student Loans to pay for class and books and use the FASFA and Pell Grant for living expenses? Would this be a way around that?

Student loan question--how it's applied? I am going to take out a loan for the upcoming semester. It's a Federal Direct loan. As I understand it, the school bills are taken directly from the loans first. My grandfather pays for my housing, and he sends the check directly to the school every semester. Will they just apply his check to what I owe and give me the balance (which would then be like dispursing my loan to me)? That's not really the question. I want to know if when they receive the check from my grandfather, will they send it back to him since my fees were already paid, or will it just get added to my account?

Would the Income Based Repayment (IBR) program help my wife and I? I have about $40,000 in federal student loans which I consolidated with a private lender. My wife has about $20,000 in federal student loans which she has also consolidated. We both work in non-profit fields: I take care of two men with CP and MR, and she's a case manager for troubled youths. From what I understand, we can consolidate again into a federal direct loan and then apply for IBR. Since my wife and my combined yearly income is about $40,000, I would end up paying 7.1%, or $236/month. When my wife applies for the IBR, she'll have to claim the same $40,000 as a yearly income and be put in the same 7.1% bracket and have to pay $236/month. Together that's $473/month--about what we're paying now. Am I missing something, or are we getting shafted because we're married? Is there any provision in the IBR that takes into account our situation? Thanks for your time. my wife and me, I guess I should say.

Student loans, grants, etc. Please help!? I just got my award info from my school. Here it is: Financial Aid Award Fund Status Amount Fdrl Direct Subsidized Loan Offered $5,500.00 Fdrl Direct Unsubsidized Loan Offered $5,000.00 Ohio Instructional Grant Accepted $1,290.00 Ohio Leader Scholarship Accepted $6,230.00 Ohio Resident Scholarship Accepted $4,850.00 Federal Pell Grant Accepted $4,050.00 Federal Perkins Loan Offered $2,500.00 Fed. Supp. Ed. Opp. Grant Accepted $1,000.00 Total $30,420.00 My question is, what's the difference between the unsubsidized and subsidized loans? What about the grant? What is so good about the Federal Perkins Loan? Should I take the loans that they are offering, or go through Sallie Mae (I already have several loans with them)? Thanks alot for answering. prtybrwnskin, i'm married and legally on my own. I'm in school and work, so I only make so much. I guess the government finally decided I was worth something. :)

Can I get a private student loan after 21 months of credit history w/ ok credit? Alright..I don't have the greatest credit history for sure but I'm trying to preserve it as much as possible. I am currently (& desperately) looking for a job to save and pay off my debts by August. unfortunately, the school I want to transfer to for the nursing program in another state- WA, in fall, does not allow any federal/ direct loan and I'm not even eligible for the Pell Grant. Well, I just want to know if it's a guarantee that I would be approved for a large loan when i reach that 21 months, few months of work history, and NO co-signer, because I won't be working and going to clinicals at the same time until I finish the LPN-RN program. Advice, Knowledge anyone? Thanks!

What's the best way to use 20,000?: Student loan repayment? I am getting 20K from the Indian Health Service to help me pay back my student loans, because I work in a rural indian health center. They make a direct deposit to me - I have about 130K in loans to pay back. As long as I have qualifying loans I can reapply each year for another 20K. If I send the money directly to the loaner and take 20K off the top, my monthly payment will only reduce about $150/mo if I'm lucky. If I bank the 20K instead and use it for monthly payments of say, $1500/mo then I could keep what is NOW coming out of pocket ($850/mo) to increase my personal income - which is desperately needed. So, bottom line there is I would be increasing my payments by 650/mo. Question is, would this be better for me or worse in the long run due to compound interest rates? $150/mo decrease in monthly payments with 20K off the top of 130K owed. OR bank the 20K and increase monthly payments 650/mo. HELP! My loans range from 8% for state loans (80K) and 3-4% federal loans 50K. HELP!