The Congressional Investigation Service has a nice reference document called Bad Credit Student Loan Forgiveness Programs. This is a handy little document to read through during these troubled economic times.
So like the folk at ScholarPoint Financial, Inc had a $5,000 video contest and this fella Prince Gomolvilas won it. Here’s his winning video submission:
$5K down and $25K to go. Always keep your eyes open for opportunities like that.
Since graduating from college (5 1/2 years to complete thank ya very much), Your humble narrator have reflected on some things that Your humble narrator could of done a little better as well as some things that Your humble narrator could have avoided, like CREDIT CARD DEBT!
Some of my credit card debt has unfortunately spilled […]
Since graduating from college (5 1/2 years to complete thank ya very much), Your humble narrator have reflected on some things that Your humble narrator could of done a little better as well as some things that Your humble narrator could have avoided, like CREDIT CARD DEBT!
Some of my credit card debt has unfortunately spilled […]
You, my mate may want to consider rehabilitating your defaulted loan(s). Advantages of rehabilitation include:
* Your loan(s) will no longer be considered to be in a default status.
* The default status reported by your loan holder to the national credit bureaus will be deleted.
* You, my mate will be eligible for the same […]
Aye, but only under a few circumstances. Your loan can’t be canceled cause ya didn’t complete the program of study at the school (unless ya couldn’t complete the program for a valid simple reason—the school closed, for example), or cause ya didn’t like the school or the program of study, or ya didn’t obtain employment […]
Under certain circumstances, ya can receive a deferment or forbearance on your loan, as long as it’s not in default. During a deferment, no payments are required. You, my mate won’t be charged interest for a subsidized FFEL or Direct Stafford loan. If ya have an unsubsidized Stafford Loan, ya are responsible for the interest […]
You, my mate’ll repay your FFEL Stafford Loan to a private lender or loan servicer. You, my mate’ll repay your Direct Loan to the U.S. Department of Education’s Direct Loan Servicing Center. Both the Direct Loan and FFEL programs offer 4 repayment plans ya can choose from, but the terms differ slightly. You, my mate […]
After ya graduate, leave school, or drop below half-time enrollment, ya will have a 6-mo. “grace period” before ya begin repayment. During this period, ya’ll receive repayment info, and ya’ll be notified of your first payment due date. You, my mate’re responsible for beginning repayment on time, even if ya don’t receive this info. Payments […]
You, my mate’ll pay a fee of up to 4 percent of the loan, deducted proportionately from each loan disbursement. For a FFEL Stafford Loan, a portion of this fee goes to the fed government, and a portion goes to the guaranty agency (the organization that administers the FFEL Program in your state) to help […]