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Your rights are extremely limited. If you have a specific question, please repost. The previous person who said that cannot collect after 3 years was completely incorrect; federal student loans have no statute of limitations whatsoever, and ED is still collecting on loans from the 1960s. Collectors of defaulted federal student loans will not negotiate, collectors of private student loans will negotiate.
from various lending institutions. ^While true, avoid getting private student loans when possible as you aren't entitled to certain rights such as forbearance and deferments, These lenders also have interest rates that vary month to month depending on market conditions. If possible, always get Federal student loans.
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.
There are lots of people with no credit like the new collage students or borrowers, and such people have also opportunities to borrow money for the collage expenses. It is well-known that no credit is far better than a bad credit, but most of the lenders or institutions offering credit to the students need cosigners for such situations. One of the most popular and best student loans offering no credit check loans to the students are Perkins and Federal Stafford loans offering long term interest and support. One can also avail no credit check student loans from state-based federal loans.
Go to banks and they can show how to get direct student loans. Also consider searching the web for direct student loans, and ask trusted friends, colleagues, and family members about this direct student loans. good luck.
Federal student loans do not currently have cosigners. Parents who take out federal PLUS loans for their kids often think they are a cosigner, when they are actually the sole borrower. All federal student loans are discharged if the student dies.
A student-orphan does not need a cosigner if he has excellent academic performance but he needs to apply through the School Aids department to get the loan. On the other hand, a poorly academic performing student-orphan may not be able to use the assistance School Aids department but he/she can get the loan from the Federal loans schemes and the PLUS that requires cosigners.
OP here with more details: the private student loans they are cosigned on are current/paid on time, but other private student loans (with the same lender) are about to default. Can this in any way cause problems for my cosigner?
Your rights are extremely limited. If you have a specific question, please repost. The previous person who said that cannot collect after 3 years was completely incorrect; federal student loans have no statute of limitations whatsoever, and ED is still collecting on loans from the 1960s. Collectors of defaulted federal student loans will not negotiate, collectors of private student loans will negotiate.
from various lending institutions. ^While true, avoid getting private student loans when possible as you aren't entitled to certain rights such as forbearance and deferments, These lenders also have interest rates that vary month to month depending on market conditions. If possible, always get Federal student loans.
Actually, that's not true - student loans are forgiven when the student dies.
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.
Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.
No, private lending institutions (such as banks) also give out student loans.
from various lending institutions. ^While true, avoid getting private student loans when possible as you aren't entitled to certain rights such as forbearance and deferments, These lenders also have interest rates that vary month to month depending on market conditions. If possible, always get Federal student loans.