Private College Student Loan
Direct Loans Payment Knowledge Base
Can you explain the USDA direct home loan payment assistance? I understand that if I use the USDA Direct loan I may be eligible for payment assistance/government subsidy. I know that I will have to repay the subsidy under certain situations, but I don't understand how they determine if you are eligible for the assistance and how the amount is calculated. Does anyone have any first hand experience with this program? If so, can you explain?
looking for U.S. Department of Education - Direct Loans payment center for student loan? Meric College student loan
i am trying to make a loan payment from direct loans. the site they gave me was www.dl.ed.gov/enroll cant find i want to make a payment this is the website they gave me but its not available
Do extra payments on government Direct Loans for students go straight to the principal? If my payment on my student Direct Loan exceeds the agreed upon monthly payment does the extra amount come off the principal or interest or both.My int. rate is 3.5%.Should I put the extra money into a traditional IRA instead earning 4.35%APY currently?
On Federal Direct Unsubsidized Loans, how do you select a payment option? I know I for sure want to pay the interest quarterly on my federal unsub loan... when do i set up this option? is it through the financial aid office at my college?
can i make payments on the principal if my direct loan is in reduced payment forbearance? if my direct loan is in reduced payment forbearance and i make a very large payment, will the excess amount - what is left over after the accrued interest is paid off - be applied to the principal balance? i will only be making one large payment. my very generous aunt and uncle gave me a large sum of money to be used on my student loans. i do not intend to pay large amounts every month - just one time.
What happens if I make a (2 day) late payment on my Direct Loan? I do online payments, and you have to schedule the payment for the next day. It completely slipped my mind and so my payment is going to be 2 days late... will they come after me for the whole amount or is there any type of grace period? Its a student loan through the government, same place you get those Parent PLUS Loans.
Direct Loans asking for payments, but still in school?!!!? Direct Loan is asking for payment, but I'm still in school. Does my university contact them, and update them that I'll be staying longer (longer than 4 years), or do I have to report it? Also, if I am planning to go to a community college after my 4 and 1/2 years at my current university, will I have to start paying them off? Or 6 months AFTER I complete my community college courses too??? Thanks!
where do i mail my direct loan payment to? this is for my student loan
Can my monthly student loan payment go down with a large payment? I've recently put a large payment (about 30% of my total loan amount) down on my unsubsidized direct loan. Since the dollar amount in interest is now lower and I have technically made my payment plan due date shorter than 10 years, is there a way to decrease my monthly payment amount so that I may keep on the track of a 10 year plan? I ask because I want to continue paying off my loans, but at a lower monthly rate. Thanks.
Can I start paying off my direct student loans before the grace period? This is my first time taking in a loan, so I don't know much about it. The direct student loans site has "Repayment" options, such as Standard, Graduated, and so on. Instead of going along with one of the repayment options, can I just make my own payment plan before the grace period? Thanks in advance.
Why are Sallie Mae Tuition Answer loans ineligible for consolidation with Direct Loans? I have several student loans that I used to pay my way through a BA degree and an MA degree. My BA degree was paid with Tuition Answer loans from Sallie Mae and my MA degree was paid with Direct Loans (W.D. Ford Federal Direct loans). I'm wanting to consolidate all of my loans so that I only have ONE payment to make a month and ONE interest rate to contend with. I started the consolidation process with Direct Loans because they are the easiest to deal with; however, I received an e-mail today stating that my application has been canceled because Sallie Mae Tuition Answer loans are ineligible for consolidation through the Direct Loan program. Why? They didn't give me a reason. Before I started the consolidation process with Direct Loans, I had inquired whether or not Sallie Mae would pick up and consolidate my Direct Loan so that Sallie Mae would then be the overall loan "god", and they said no (again, no reason provided), which is then why I started the process with Direct Loans. Direct Loans consolidates with other Sallie Mae loans, why not Tuition Answer? Are there loan companies out there that will consolidate BOTH loans? This is getting ridiculous. All I'm getting is the runaround from both companies and no one can seem to answer my questions, and of course, neither company is willing to give up their "rights" to the loan payments, so they're not giving me information on other loan companies that WILL consolidate both my Direct Loans and my Sallie Mae Tuition Answer loans. Has anyone else had this problem? Were you able to fix it so that you could consolidate ALL of your loans? What company did you use and are you satisfied? Any help that anyone can provide would be greatly appreciate it. Thanks! ~Megan P.S. I would appreciate it that if you do not know the answer to ANY of my questions that you wouldn't post a bunch of nonsense that in no way pertains to my questions. I'm tired of people just posting on here in order to get more "points" and whatnot. If you don't know the answer, please do not waste your time and my time and just DON'T post on here. Thank you. Is there a way to change a private loan into a public/federal loan that will then allow it to be consolidated?
FAFSA Direct Loan payments - Bi-weekly? I will be graduating from grad program in couple of years, and was wondering if it's possible to repay my direct loans on bi-weekly payments to shorten the length of payment? any ideas? Thanks
Why have I not received stimulus payment direct deposit? I filed w/Turbo tax - no loan - no refund from irs. I had to pay taxes direct debit from checking account. Paid turbo tax fee from checking account. Turbo tax asked if I wanted stimulus payment direct deposit - I said yes. So why did I not get direct deposit?
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?
Any students paying direct loans back now ? I need to talk with someone. I want to send a big payment, but want it to get their safely. Any suggestions. It have a PO Box address. I am thinking about sending it through certified mail. The website is down . They are requesting check or money order.
When does Direct Loans need my income info for ICR plan? I would call them myself and ask but I really need to know tonight if possible and they are closed. Does anyone know when they need my income information to re-determine my ICR payment for the next year?
When I consolidate my defaulted Student Loans with Direct Loan, when will I "officialy" be out of default? I'm just wondering when they can no longer offset my tax refunds, etc. Also if you have any experience with the income contingent payment plan, please share. Thanks.
Can I pay direct loans without a plan? I would just like to pay all of it with a one time payment instead of paying with an time extended plan. Can I do this?
I have a pension of 1,650 per month. I would like a loan to value $5,000 with direct debit payment? I am an Australian Citizen a Pensioner I would like a Personal Loan to the amount of $6,000 Australian. I would assume the repayments spread over approx 10 years would be in the vicinity of $110 per month??? in any case said repayments would be direct debit from my nominated account. Therefore I'm seeking advice as to the loan provider suitable for my needs.
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).
Why can't the government provide direct home loans 2-4 %, providing stimulus, ability to keep payments stable? - banks are not working - government is providing money - citizens need relief and a solid low rate loan would provide $$$ in everyone's pockets, not just people defaulting - - 10 year Tbill is at 3%. Why not sell loans direct to homeowners? loans were 4% just 2 years ago so the answer that we'd be in a recession is not acceptable. - Lowering to 3% would be realistic if banks were dropped out of the mix (their profit)...
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?
So direct Loans I dont understand what they are talking about!? i've tried both of these below and one actually showed up as being paid and the other one didn't. However they were both taken out of my checking account. Someone help me comprhend what this means since i can't take it for face value. Apply the excess payment to reduce my principal balance and advance my next payment due date. and the other one says this Apply the excess payment to reduce my principal balance and DO NOT advance my next payment due date.
How are you going to pay your student loans? Bank of America came up with a program called "Keep the Change", where they rounded up every purchase to the nearest dollar and open a savings account for you. Now I wonder if you did this for student loans, where every purchase you did was rounded up, placed into an account that made direct payments into your student loans. Would you use this? What if this service also gave away 5K monthly in a raffle, would you join? The raffle would be completely free, all you would have to do, is part of the program by signing up? Thoughts?....
Can you consolidate student loans and afterward get them deferred if you go back to school? So Sallie Mae loans and Direct loans, I want to consolidate, lower my payment, etc. Once I do that, do they still have options for deferrment, such as lack of income, going back to school, whatever?
Did anyone receive their stimulus payment earlier than scheduled without direct deposit? I was just wondering if anyone received earlier than they were supposed to. Also, it seems as if people have been receiving letters stating the amount they will be getting along with the date it will be received by. Anyone get theirs without first getting this 2nd notice from the IRS? I am a little worried because i had student loans go into default, BUT i am making payments on a payment plan to bring them out of default every month, so i'm hoping it doesn't go to a loan company I am already paying. Any info?
If I defer my student loan--is there a chance that I can still receive loans to go back to school? Hi! I am really wanting to go back to school and I recently owe for going to school a few years ago. I got a bill in the mail from Direct Loans and it said I could 'defer' my loan payments. I know this is also possible if you go back to school. Now, can I still receive loans from them even though I owe money, but need help going back to school? thank you
Does Direct Loans (William D Ford) settle students loans? I owe over $16,000 and wondered if Direct Loans ever settles. I think my initial loan was around $12,000 and have been on income contingent so no payments, but still being charged interest and they capitalize it once a year, so almost $5000 is interest alone. If so, any idea what they might settle for? Thanks for any help!
Direct Loans Billing Statement...? I just received a billing statement from Direct Loans (Student Loans) and it's asking for a payment? I just started college and I'm on the Standard Repayment Plan. Why is it asking me for payment (200 dollars!) Do I just ignore this letter until I graduate? Also, for some reason it's says "NET DISBURSEMENT ACTIVITY $4,000.00". That should not be there, I don't know why it added extra money. Does anyone have any idea why it's there? Turns out it was a loan for my parents which makes it even worse.
Direct Loans Payoff Question? I went to look at my Direct loans statement online, and my deferment had not gone through yet, and it said to make payment until it did. They payment needed to made on the 7th, and I forgot about it until the 8th, I went to make the payment today and noticed that it said that my next payment was due may 2010. However, I clicked on the payoff tab and it said that it was due 12/18/09 and the full loan amount was listed. What does this mean? In payment history for total due now, it was 0.00, but the total amount was in payoff. It says they have received my deferment request and are waiting for approval...
I need a $1000.loan with low payment and have ssi direct depost ? I have direct deposit no checking account is there somewhere i can get a loan
I receive a letter from DIRECT LOANS(yes a loan to cover expenses from college)? i would like to know what "Expected Repayment Start Date" exactly means? Does this means i dont have to make any payments until that date? thank you My expected repayment start date is 03/01/2015. Does that means i dont have to make any payment until that date?
Bush brought foreward a plan and Directed Fannie Mae to give No Down Loans to the Poor. Is This A Smoking Gun? October 2002, Bush announced a plan that would increase home ownwership by 5.5 Million Blacks and Hispanics, by directing Fannie Mae to make no down payment loans available to all. Not my words, this is what Bush proposed. Is this the reason for the Financial Meltdown we find ourselves in today?
Direct unsubsidized loans are which of the following? (a) Not base on financial need. (b) You must be enrolled at least half time. (c) Interest is charged during all periods. (d) You do not have to make payments while you are attending school at least half time and during your grace, but interest will continue to be charged. (e) You will receive a six month grace period after you drop below half time. (f) A and B (g) c and d (h) d and e (i) all of the above
My Direct Student loan says it is paid in full and under payment description it says other. I'm confussed?!? I checked all my bank accounts and no payments for the full balance have come out. I have also paid all my bills ahead of time and well over the amount needed.
financial aid question relating direct loans...please help? So I started school again and got accepted for loans and grants! previously I was going to another school and withdrew. I got loans too with that other school and started paying my loans back a couple of months ago....so my question is...can I stop making payments on the previous loans since am enrolled back in school and am getting loans with the same people (DIRECTLOANS) or do I have to pay that no matter what...I am really curious about this
Has anyway ever gotten school loans from Citibank or Direct Loans? Hello... I have a daughter in ATL.I helped her to get some money for college that she needed and was not able to get without help. Most of her loans she will not have to pay until she has completed school. The ones that I helped to get are now due.Now take in to mind that she is still in school .I dont know how I am going to be able to pay these amounts back and still pay my own bills.Is there anyway that I can combine all of the loans that I have into one payment. I am not trying to ruined my credit by not paying these back but I didnt realize that they were going to be this much....PLEASE HELP!!!! Any help would be helpful except alot of the smart comments that some people tend to give.I need helpful info not smart criticism!!
Am I responsible for student loans my deceased grandmother took out? So here is the question... My grandmother took out loans for me when I was in college. When I graduated and still loan payments were extremely hard for me to make and the loans went into default. They contacted me for payment yada yada yada. I tried to consolidate my loans recently to get on track and make one payment because I have other loans that I am currently paying. So when I tried to consolidate they told me I was not able to consolidate the loans my grandmother took out because she is the loan holder and it was not linked to my social security (I tried to consolidate with direct loans). So here is the question, what exact link do I have to those loans. They were taken as student loans and paid straight to my college and I was obviously the student they were paid for. She passed away a little over a month ago and I have not heard from the collectors since. She has no assess tseft, she was living with my parents for years when she became ill and all money left in her account paid her fufloralills. If I am responsible for these loans what should I do since I can not coconsolidatend the last time they talked payments with me it was over 800 a month and I def can not do that! They are private loans ... and thanks just not that but I do already have three jobs.. lucky me chose an expensive school and the not to high paying career path of social work...
consolidating my student loans to bring outta default. what happens with collection agency? so direct loans is gonna pay off my defaulted student loans bringing them outta default. but right now im already in a payment arrangement with the collection agency. im getting payments automatically taken outta my account. once direct loans pays off my loans. what will happen to those automatic payments with collection agency
Hi, Does anyone know of a company that give loans to centrelink pensioners with really bad credit history? I am looking hopefully for a loan 1-2k obviously payments via direct debit so no risk of not paying. I'm sure there's gotta be some brokers out there. Does anyone know or have experience? Thanks
Is there any capitalization for paying more at PLUS loans and DL loans? If I want to pay more than the stipulated monthly payment is, will there be any capitalization or penalization for it? I'm talking about paying a PLUS loan, although I'm also interested in Direct Subsidized loans.
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.
Can I pay my FAFSA direct loan while I am at school? Is it true that once you start paying your fafsa direct loan while you are at school, you have to keep making payments? Or can you pay certain amount of money when you get some? Lets say I have 5000 loan dept and i am a third year student. By chance I managed to make 3000. Can I go head and pay the 3000 to my dept? Or if i start paying back my loan, i have to keep it up untill i am done.
better to consolidate under income retingent or payment arrangement w/ collection agy? i have defaulted student loans with collection agency. am doing a payment plan with them right now paying about 300 a month. but i got a letter from direct loan talking about the i contingent plan. but they havent said how much my payments will be until they get my tax returns. am i better off consolidating with direct loan or staying with the collection agency
Are there any school loans that I can get to purchase a notebook computer? My college requires all students to have notebook computers and I've tried contacting the college about payment plans but they kept giving me a runaround. Yet, I don't have any grants, and I don't have enough money left on my direct government school loan. Are there any school loans out there in the U.S. that I can apply for to be able to purchase a notebook computer? Note: 'Serious' answers ONLY please! Thank you!
when do you have to pay back parent plus loans? hey so my dad just recently borrowed 4600 via the parent plus loan or DIRECT plus loan as this letter mailed to us states and i was just wondering when do we have to pay this back? on the letter it says that payment begins 60 days after the final disbursement of the loan but can we defer payment until after i graduate as long as i stay a full-time student??
Will Sallie Mae allow me to start paying for student loans while I still am in school? I am able to make some payments and I would like to since I can because I am accruing unsubsidized loan interest. Also if I am able to, will they allow me to direct all my payment toward the principle so my interest lowers?
Does ANYONE know why the new direct loan payment website is STILL not working? It's been down for over 2 weeks due this so called website transition. They gave a date of Oct 11,2011 that things would be "up and running". STILL NOTHING. This is ridiculous for those of us who do most if not all of their bill payments online! When I got to the supposed new site, I get this, "internet explorer cannot display the page..." crap. HELP??
Since Feb. my bank has been allowing a $30.90 payment to AOL. I do not now nor have i ever used AOL services.? I only use this account to pay an ongoing and renewable loan. My Social Security check goes there "direct deposit" the loan payment is made and i write a check for the rest. Finally i noticed that i was getting less each month. When i checked it out i found that this payment was causing an overdraft each month and the bank was charging my account another fourty some bucks for a total of over seventy dollars each month since Feb.. When i asked about getting this money back they said i should have noticed it sooner and would credit my account with only sixty one dollars; total. Well dah! I feel completely stupid. Of course i should have seen it sooner, but , does that give them leave to allow a payment of any kind to anyone without my specific and written permission? Daaaaaah!
My bank has taken a direct debit payment from my account, even though I cancelled it? I have a loan from my bank, and because I have run into money problems, I am behind with the repayments, I am being helped by a debt management company, and they have offered the bank a repayment schedule, which they refused, and the debt management are now appealing. I cancelled the direct debit so that they wouldn;t charge me for a returned direct debit, but they have taken the payment anyway. Are they allowed to do this? The money was in my account, I know, but it was there to pay my gas bill, and now I can;t. I will make sure that they don;t get a chance to do it again by making absolutely sure that there is never any money in that account, but can I get them to return the money they have taken?
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 I enroll in a new school can I re-direct my loan payments until I graduate? I have taken out loans from Sallie Mae ( Department of Education now ) and have graduated with an Associates Degree. I wish to continue my education, but I am not sure I would be able to do that and take out new loans if I have to repay loans as I attend the new school. Is there any way to re-direct the loans until I graduate from the new school? I have taken out loans from Sallie Mae ( Department of Education now ) and have graduated with an Associates Degree. I wish to continue my education, but I am not sure I would be able to do that and take out new loans if I have to repay loans as I attend the new school. Is there any way to re-direct the loans until I graduate from the new school? Also they payments for the previous school haven't started yet.
Help!!! What is a good student loan that does not require payment during school? I've already got the Direct Federal Subsidized and Unsubsidized loan, and my remaining amount is about 2753.00, my parents does not want to help me pay for tuition. Anyone know of any private loans that doesn't require payment during school and which ones are better, and why? Please tell me !!! Thanks
school loans through direct loans? i have a loan through direct loans, it is $3,000. i have been making my monthly payments, i was wondering if they can take my tax return to pay it off?
Can bank refuse payment, claim loan isn't ours & then sue us? 2 yrs bank knew loan was fraud- Ontario Canada Canadian bank claimed a loan on our home was not ours for 2 years. Bank didn't consult us, and eventually cancelled the direct payment from our account Nov 2005. This account was paying them and servicing the loan for almost 2 years. We sent fax and mail to bank to tell them they need to take money out ASAP. The bank refused our money for payment at teller in Ontario Bank Branch in Dec 2005. They did however take 2 or 3 payments.. Now 6 months later April /May 2006, the bank through a legal firm claims in a law suit that we refused to pay them. They are working with the fraud artist to try to take our home away from us. Note, the bank didn't do due diligence and neither did the lawyfirm who set up the loan. Person used different names to evade problems and this impacted us badly. We went to bank omnbusdman and they said an investigation was being done, but nothing took place. A bank agent contacted us after we called them, said, bank couldn't talk to us. We are not on loan
If the school has an expected payment date, does that mean my loan is approved? I I have a subsidized and unsubsidized loan and the college has an expected pay date of 1/11/2011, does that mean it was verified by direct loans?
will i recieve my stimulus payment on my jackson hewittt ipower card since i recieved my federal refundthatway i wanted to know if i will recieve my stimulus payment by direct diposit if i recieved my federal refund by direct diposit on my jackson hewitt ipower card. i did not get any type of anticipation loan.
College loan payment question.? I have withdrew from a semester of college and i just received a letter saying i need to do exit counseling for my direct subsidized loan. I am in the middle of it right now and it says i have a six month grace period and no interest will be added during these six months, but i plan on going back to college in five months which will defer my payments, so does this mean that the exit counseling is even necessary, or what?
What should I do with my mother's Direct Parent Plus Loan? She wants me to begin paying it back but I noticed the thing is actually 3 seperate loans and all have 8.02% interest. My school loans only have 2.6%. I tried the consolidation calculators on the website and it did not improve the interest rate only lowered the payment. Any ideas on how to get a significantly lower interest rate?
Anyone familiar with USDA direct loan? My mom is a low income disability recipient and needs a place to live. She is applying for a direct loan from the USDA, which means the funds come from the government and she makes payments to them based on her income. Anyone done this, know how long it takes or how hard it is to get?
I'm deferring my undergraduate loans and start graduate school in Jan. 2010. Should I still make payments? I graduate in December 2009 with my BA in Anthropology. I recently was accepted into JHU's MA Museum Studies program. I just submitted the paperwork to defer my undergraduate loans with Direct Loans (FAFSA). Even though I deferred my loans, should I start making payments? I have 14, 750 dollars in loans and my recommended fixed payment amount (prior to deferment) is $185 (to pay off in 10 yrs). I do not have any credit card debt and my car loan was paid off in 2007. I was thinking of buying a new car though.....
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.
Any tax benefits on Stamp Duty, Registration Charges & direct payments made to builder for buying home? I & my wife have jointly purchased a house. I am aware of the tax rebates available on Home Loan (Principal & interest) repayments. I want to know if there are rebates/exemptions/deductions/benefits available on- 1. Amount that we have directly paid to the builder as initial installments. 2. Amount that we would pay as Stamp Duty and Registration Charges of the aforesaid property. If yes under which sections?
How's the process like when buying a car from a Direct Owner?...? I am interested in getting a 2nd hand car and i have been "scouting" around at SGcarMart.Com. I see a lot of selection...And I have heard hearsay that getting from a Direct Owner is better than getting from A Dealer...is this true? Any Pros/Cons with Direct owners? How's the process like? Hows the monthly payment like? How about loans? Interest rates? Any startup/upfront cash needed? Any information regarding this is greatly appreciated...Thank you.
Do you have to start paying your college loan after a certain age? I am 3 classes away from getting my bachelors degree. I already have a full time job and havnt really considered going back, I will eventually to finish up. Direct loans has started bugging me, I was thinking about defering by takeing 1 class a year, this will give me 3 more years before I have to start paying, I can save a decent amount and once im done I can make a nice upfront payment, owe about 30k. Im currently 26 years old.
How will my stimulus payment come? I filed my taxes with H&R block and used the rapid refund having my return placed on the H&R Block Emerald card. Is that considered Direct Deposit? I am asking because I know that the rapid refund is really just a loan against your tax refund so I am a little unsure about how my stimulus payment will come. At first I thought it would come in a paper check but then I read somewhere that if your tax return was put on the H&R Block Card, that's how your stimulus payment would come.
Why are banks allowed to calculate APR rates for loans, using different formulae and bamboozle people? To day on BBC1, Ceefax 1, p259, they showed borrowing rates, with the following examples: Unsecured personal loans, £5K, over 3 years, without insurance: Direct Line, APR 8.4%, Mthly Pmts £156.98 Nationwide, ........ 8.9%, ................... 157.97 Out of interest, I calculated what these payments should be. The answer I got for Nationwide was exactly as the one on TV, but the answer for Direct Line was £156.90, ie 8p less than the bank was charging. The error is small, but it does mean the two banks were using different formulae. How can that be? Why is it allowed to short change poor people who need to borrow, even if it is only 8p? Sorry, the above examples were on Ceefax2. not Ceefax 1. The figure for Direct line is not a mistake as there were others on that page, equally wrong.
College tuition is due August 22, and the Federal Direct Loan App. takes 3 weeks to process. Alternatives? College tuition is due August 22, and the Federal Direct Loan App. takes 3 weeks to process. Alternatives? I don't have enough to cover the whole entire payment which is due. What should I do?
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!
Is Educational Direct a good company to utilize for loan consolidation? I recieved an consolidation offer from Educational Direct that has an interest rate of 4.875% at the highest and 3.625% at the lowest (depending on my payment choices). Has anyone had experience with this company? Does this sound like a good consolidation offer considering the current low interest rates?
If they set up a Forbearance on my account will they still take my tax return? They had not sent the amount that I owed I no longer live in the same city. I just called the direct loans and they set up a payment plan. I only owe 4 payments of 50.00.
Direct Loan-Plus loan mess up. I was supposed to have defer payments until grad. But now its says 90 Past du I was supposed to have defered all my payments till after gradutation. But when i was trying to apply for a new loan with my mom being a cosigner, we were getting denied for every student loan. So when i finally called them and asked them what the deal was. They told me that a plus loan under my mom's name has been put in as default - over 90 days past due. So we ordered a credit report and it shows up on there too. I am still in school and i should;ve had that plus loan defered until after graduation. What are some things that i can do to take that off my mom's record?? My mom wont get another student loan or any kind of loan if a lender sees that a loan has been under defualt for more than 30 days..
When you consolidate student loans, does it eliminate the interest that has accrued? I have about 17,000 dollars in student loans (half private and half government). I spoke with someone from Direct Loans and was told that if I consolidate my private loans with another company, it is as though the loan begins and my payments begin again. Therefore, it is best (in her words) that I consolidate with them so I don't lose my previous payments. 1. Does that also mean that any interest that accrued while I was in school (on both my private and government-funded loans) would be eliminated? 2. Also, can I consolidate both private and government loans together or do they need to be consolidated separately (I have 2 in each category)? 3. Lastly, can you consolidate government loans with any other lender other than Direct Loans? I know these are a lot of questions, but I really need some guidance with this. Thank you in advance! Wow. This is a lot of information. Thanks! I also want to mention that the person I spoke to at Direct Loans said that I could consolidate my loans and sign up for an income-contingent payment plan (about $75 a month instead of the $120 I am paying now) and that after 10 years, it would be "forgiven" because I am in the public service field. I don't think I have to consolidate to be able to apply for this, but would I be paying less in the long run if I consolidated with direct loans and got on an income-based repayment plan vs just doing what I am doing now (paying the $120 w/o consolidating)? Thanks for your help so far, it really is my goal to pay this off as fast as possible (within my means). another question, last one I promise: If I decide to not consolidate, does that mean that I will always have a variable interest rate? I understand not wanting to consolidate because it stretches out the life of your loan, but can't you consolidate to get a fixed (and hopefully lower) interest rate, but then make the same payment. Are you not able to pay off consolidated loans early?
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.
How can I get a loan that is not a payday loan, or a small personal loan that I can pay off in monthly payment I have poor credit, and self-employed and my job does not offer direct deoposit. I do have an active checking account,
student loans & interest rates....? I have two student loans - the first one is serviced through direct loans, in the amount of 33,090 and has a 6.875% interest rate. My monthly payment are now 257.00 per month. it was consolidated in 2000. The second loan is a combo of sallie mae stafford sub and unsub loans in the amount of 103,057.00 with a 3.610 interest rate, scheduled for payment of 1057.00 per month starting 10/09. I'm wondering if it's best to consolidate all of them and when I should do that. If I consolidate, I will begin payments immediately at a 4.5% interest rate and I will pay between 500 and 700. I'm concerned that I may not be able to consolidate in the future, given the nature of the market now.... Thank you!
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! :-)
How do repayments on student loans work? I did some research regarding prepayments that can be made on student loans, especially the way our payments get spread out through our interest and our principal. I've tried contacting Direct Loans, and they keep on stressing about how any payments that are made are first applied to my interest first. But i'm not sure if they mean the interest that is due that month, or the interest that is due from my whole loan...I've tried making multiple payments before within a month and i've noticed that they still remove interest first before decreasing my principal even for the 2nd additional payments...any help/suggestions?
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