Comments on: Student Loan Consolidation May Get you Up to 20 More Years to Pay Off your Student Loans http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/ 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/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/comment-page-1/#comment-108 Dat_1_Chiq Sat, 11 Jul 2009 19:09:35 +0000 http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/#comment-108 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: starlitopensky1 http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/comment-page-1/#comment-104 starlitopensky1 Thu, 09 Jul 2009 06:41:50 +0000 http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/#comment-104 I'm lucky to not have any student loan debt. I have a friend who has 65 thousand in debt. I'm thinking for her to get gold/silver coin and hold it and see what happens to U.S. dollar. If dollar becomes worthless, she can buy 100 grand for a silver coin and pay off debt. There are other ways of getting rid of it too. Thanks for the advice. Appreciate it. I’m lucky to not have any student loan debt. I have a friend who has 65 thousand in debt. I’m thinking for her to get gold/silver coin and hold it and see what happens to U.S. dollar. If dollar becomes worthless, she can buy 100 grand for a silver coin and pay off debt. There are other ways of getting rid of it too. Thanks for the advice. Appreciate it.

]]> By: demossmd http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/comment-page-1/#comment-105 demossmd Thu, 09 Jul 2009 06:16:09 +0000 http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/#comment-105 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: Alex K. http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/comment-page-1/#comment-106 Alex K. Thu, 09 Jul 2009 01:20:53 +0000 http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/#comment-106 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/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/comment-page-1/#comment-107 Andrew M Thu, 09 Jul 2009 00:42:09 +0000 http://mileniooscurocomics.com/student-loan-consolidation-may-get-you-up-to-20-more-years-to-pay-off-your-student-loans/#comment-107 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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