0
What else can I help you with?
How can you make a settlement on your student loan?
No you cannot settle student loan debt for less than what you owe. Student loans are federally backed, and will find that student loan lenders will not settle for less than the principal balance that you owe them. The best they can do is offer a deffered payment plan or a forbearance.
If you cancel a student loan and still owe less than 200 dollars will this prevent you from receiving a grant that you qualify for?
No, as long as you are not in default on the loan.
Is it a good idea to get an auto refinance loan if I have less than fifteen months left on my loan?
With less than 15 months remaining on your loan it might not make sense to refinance your loan. The best thing you can do is to run the numbers and see what rate you come up with.
Are there any websites offering information on how to consolidate student loans?
A student loan can be a heavy burden for a student to bear and more than one student loan can prove to be unmanageable. To get information about student loan consolidation you can go to smarterschooling.com/DebtConsol
Can you get a student loan if your parents have no assets?
Yes, if you are qualify for financial aid and low income( <$21,000) or from your job less than $9.80 per week.(For single). (Marriage income less than $32,000)
Chapter 13 requires total unsecured debt of less than 335000 Is a Parent Plus student loan considered as a unsecured debt?
Yes.
Why should a student look into a fixed rate student loan?
A student should look into a fixed rate student loan in case the rate is lower than the variable rate. If it is lower, it is best to take the fixed rate. That way, if the variable rate goes up later on, you'll still get that lower, fixed rate.
If you accept a settlement offered for less than the total balance of your defaulted student loan will it reflect negatively on your credit report?
YES BUT CAN IMPROVE YOUR DEBT TO INCOME RATIO
Can a student loan cover a car?
Nope ... the purpose of a student loan is for educational purposes and some living expenses. Besides which, student loans are usually at a high percentage rate - surely one could do much better than 8% or 13% on a car loan these days.
What happens if you cant reach the student to repay your loan?
If a student is unable to repay a loan, then he or she should first talk to their lender. This will give the person a better chance of reaching an agreement, rather than ignoring the payments and defaulting on the loan.
Can you receive a student loan to pay for classes that you have already taken?
P.L.A.T.O. by Wells Fargo (I think is the bank) used to offer loans for paid classes less than a year old.
What is the lowest student loan consolidation rate for a graduate student?
The lowest interest rate for student loan consolidation for a graduate student depends on what loans you currently have. The consolidationg company normally averages all your loan's interest rates to come up with a fixed rate and a fixed monthly payment. They can not charge more than 8.25%.
