Comments on: All About Federal Student Loan Consolidation and Its Specific Features http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/ College Student Loan and Private Loan Consolidation Information Tue, 01 Jun 2010 18:18:03 -0400 http://wordpress.org/?v=2.8 hourly 1 By: Dat_1_Chiq http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/comment-page-1/#comment-73 Dat_1_Chiq Sun, 05 Jul 2009 05:23:50 +0000 http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/#comment-73 No one will "take over" your loans. You will still owe the money to your lender when you are in forbearance. They will simply add interest every month while you are making payments. If you are asking about defaulting the lender will just contract out with a collection agency to start calling and hounding you to mail them payments. If you make 6 to 12 months worth of willing and reasonable payments you can ask your lender to "rehabilitate" your loan. This is when you are issued a new loan and pay off the one in default so you can get federal fin aid again. Again, rehabilitation can only be done after you have made 6 to 12 months of payments. No one will "take over" your loans. You will still owe the money to your lender when you are in forbearance. They will simply add interest every month while you are making payments.

If you are asking about defaulting the lender will just contract out with a collection agency to start calling and hounding you to mail them payments. If you make 6 to 12 months worth of willing and reasonable payments you can ask your lender to "rehabilitate" your loan. This is when you are issued a new loan and pay off the one in default so you can get federal fin aid again. Again, rehabilitation can only be done after you have made 6 to 12 months of payments.

]]> By: yoops http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/comment-page-1/#comment-69 yoops Thu, 02 Jul 2009 07:30:11 +0000 http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/#comment-69 I borrowed in total $30k for only 1 years worth of college. I left college after I learned of the evils of student loans and I'm completely pissed. Why the fuck did nobody tell me this during high school or even my financial aid advisers. Bunch of crooks screwing the American youth over. If you are poor and you wish to get higher education, you are screwed buddy. I borrowed in total $30k for only 1 years worth of college. I left college after I learned of the evils of student loans and I’m completely pissed. Why the fuck did nobody tell me this during high school or even my financial aid advisers. Bunch of crooks screwing the American youth over. If you are poor and you wish to get higher education, you are screwed buddy.

]]> By: applyforstudentloan http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/comment-page-1/#comment-70 applyforstudentloan Thu, 02 Jul 2009 06:24:58 +0000 http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/#comment-70 I strongly believe that the governments and the lenders have an agenda..look at the amount of money is being handed out in loans freely. In the long term those who borrow will never repay their debt for a long long time. It's true high percentage will be enslaved to the system.. Do your research before your apply . Check out my free report...click on my user name I strongly believe that the governments and the lenders have an agenda..look at the amount of money is being handed out in loans freely. In the long term those who borrow will never repay their debt for a long long time. It’s true high percentage will be enslaved to the system.. Do your research before your apply .
Check out my free report…click on my user name

]]> By: Alex K. http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/comment-page-1/#comment-71 Alex K. Thu, 02 Jul 2009 00:15:19 +0000 http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/#comment-71 Most student loans are limited to citizens or resident aliens of the US. You do not mention whether you are a US citizen living outside the US, or a citizen of another country. If you are a US citizen, or resident alien (there are a couple of other types of non-citizens that are eligible...refugees for example) then you need to apply each year. The first step is the FAFSA and you can apply on line at www.fafsa.ed.gov. After that, there is more to do, but it varies depending on the answers on your FAFSA. Good luck. Most student loans are limited to citizens or resident aliens of the US. You do not mention whether you are a US citizen living outside the US, or a citizen of another country.

If you are a US citizen, or resident alien (there are a couple of other types of non-citizens that are eligible…refugees for example) then you need to apply each year. The first step is the FAFSA and you can apply on line at http://www.fafsa.ed.gov. After that, there is more to do, but it varies depending on the answers on your FAFSA.

Good luck.

]]> By: Andrew M http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/comment-page-1/#comment-72 Andrew M Thu, 02 Jul 2009 00:00:14 +0000 http://mileniooscurocomics.com/all-about-federal-student-loan-consolidation-and-its-specific-features/#comment-72 Nope, sorry, but personal loan won't qualify, as you will have nothing in writing to say that it is student loan interest. Nope, sorry, but personal loan won't qualify, as you will have nothing in writing to say that it is student loan interest.

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