The Public Service Loan Forgiveness act (PSLF) has existed for some time. President Obama has make higher education an important part of his agenda. He believes that education is a key ingredient in America’s future success. He has proposed several initiatives geared toward improving the quality of education in America and making college more affordable. One of his key plays include a massive expansion of the PSLF act. […]
It is easy to apply for loans while you’re in school, but once you graduate, repayment can be complicated, especially if you borrowed from multiple lenders. Loan consolidation can help make paying back loans a little easier. When you consolidate student loans, your new lender buys all of the loans you got from other institutions and combines them into one. Here are five items to keep in mind if you’re considering consolidating your private student loans. […]
MyFedLoan.org: The federal government is the lender, but federal loans have servicers as go-betweens between the government and you, the student. FedLoan is one of those servicers. These types of services make the borrowing process much less confusing. Their website is excellent and easy to navigate. It is painless to view your account balance, summary, and other details. You can make payments quickly and easily online, as well as set up payments in advance and view your payment history. […]
SunTrust is a private lender and you can consolidate your private student loans through them. Perhaps you already have a student loan through them; they do offer many loan options to students. They offer undergraduate and graduate loans and also have a scholarship sweepstakes where they give away a $1,000 scholarship every two weeks. SunTrustEducation.com [...]
Student Loans are so great when you get them. They enable you to go to school and focus on your studies. You study hard and see a panorama of possibilities, a bright future indeed. After graduation you are so relieved that all the stressful demands of school are over- the late nights up studying, the tedious assignments, and the pressure of deadlines. At some point it hits you, often like a ton of bricks, maybe the hard part isn’t over, maybe it is still to come. School is just the beginning; it just preceded the real world. You have now made it to the real world, and now you have to pay back all the money you spent on school to get here. […]
SimpleTuition is not a lender but a service provider. You don’t come here for just a “yes” or “no” answer; you come here for options. The site allows you to comparison shop for lenders and provides information about both federal and private options. The estimates given are just that- estimates. When you apply directly to the lender, your rate will be determined by more specific factors and your credit score will be taken into account. The estimates given by SimpleTuition don’t use credit scores to determine the rates presented. This might mean that the rates are inaccurate for you, but it also means that you can get a better look at different lender rates without getting any hits on your credit, which is a very good thing. You can then decide which lenders you want to pursue further. […]
Graduation day is arguably one of the best days in the entire college experience. After years of study, students are now ready to pursue a career in their chosen field and reap the rewards of their hard work. It also means that the start of student loan repayments is just around the corner. Sarah Ang, writing on Mashable.com says “Recent grads may very well agree that student loan debt is like the bastard child of the collegiate experience: unexpected, unwanted and very expensive for years to come.” […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday December 06, 2013 Student Loan News: 1. Durbin pushing bill to ease struggle of repaying private student loans: U. S. Sen. Dick Durbin, D-Ill., said Tuesday he is introducing a bill when the Senate convenes next week to protect students from getting overwhelmed by private-loan payments that grow out of control without explanation. […]
We read that student loans are not forgivable in bankruptcy court all the time. That is the truth for 99% of student loan holders who are filing bankruptcy. Bankruptcy courts are not forgiving of student loans. But there have been cases where the borrowers have shown “undue hardship” in repayment of the loans in severe circumstances. One case was of a man who suffered a brain injury and could not work. He filed bankruptcy and the court found that he was not ever going to be able to pay back the loan, much less be able to support himself. Another case cited was of a homeless woman, well educated, but in a situation where she would not be able to pay back the loan. So, unless you are physically unable to work and can not see a foreseeable future to be able to pay back the loan, it is unwise to file for bankruptcy. […]