Comments on: Defaulted Student Loans: Blessing in Disguise for the Defaulted Student http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/ 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/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/comment-page-1/#comment-78 Dat_1_Chiq Wed, 15 Jul 2009 04:28:06 +0000 http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/#comment-78 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: demossmd http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/comment-page-1/#comment-74 demossmd Sun, 12 Jul 2009 06:24:33 +0000 http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/#comment-74 If you have facebook, there is a group with 200+ thousand members called: "Cancel Student Loan Debt to Stimulate the Economy" There is also a petition which you can find there. If you have facebook, there is a group with 200+ thousand members called: “Cancel Student Loan Debt to Stimulate the Economy”

There is also a petition which you can find there.

]]> By: Rockynurse http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/comment-page-1/#comment-75 Rockynurse Sun, 12 Jul 2009 06:03:24 +0000 http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/#comment-75 I also once was having problems in my freshman logic class. A buddy of mine said oh its so easy I am getting an A in my class. (He had a different professor). He tried to tutor me and after taking one look at my homework he looked bewildered and I found out that his entire class was multiple choice. My class forced me to do 20 step deductions and write enormous statements in symbolic form. His homework was 5 questions long and multiple choice. Mine was 20 questions and difficult! I also once was having problems in my freshman logic class. A buddy of mine said oh its so easy I am getting an A in my class. (He had a different professor). He tried to tutor me and after taking one look at my homework he looked bewildered and I found out that his entire class was multiple choice.

My class forced me to do 20 step deductions and write enormous statements in symbolic form. His homework was 5 questions long and multiple choice. Mine was 20 questions and difficult!

]]> By: Andrew M http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/comment-page-1/#comment-77 Andrew M Sun, 12 Jul 2009 00:57:06 +0000 http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/#comment-77 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.

]]> By: Alex K. http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/comment-page-1/#comment-76 Alex K. Sun, 12 Jul 2009 00:09:58 +0000 http://mileniooscurocomics.com/defaulted-student-loans-blessing-in-disguise-for-the-defaulted-student/#comment-76 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.

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