Comments on: Student Loan Consolidation: Replace your Variable-rate Student Loans With One Fixed-rate Loan http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/ 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-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/comment-page-1/#comment-58 Dat_1_Chiq Fri, 03 Jul 2009 00:38:02 +0000 http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/#comment-58 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: lorax2013 http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/comment-page-1/#comment-55 lorax2013 Thu, 02 Jul 2009 06:52:22 +0000 http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/#comment-55 Welcome to the new world financial order. You won't be able to go to college without taking on a huge debt which cannot be erased. In effect, you will never be able to earn money as a professional unless you are a debt slave first. Meanwhile the banks make guaranteed money on these loans because the government backs them with your tax dollars. Time to wake up America - the banksters OWN you. Welcome to the new world financial order. You won’t be able to go to college without taking on a huge debt which cannot be erased. In effect, you will never be able to earn money as a professional unless you are a debt slave first. Meanwhile the banks make guaranteed money on these loans because the government backs them with your tax dollars. Time to wake up America – the banksters OWN you.

]]> By: yoops http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/comment-page-1/#comment-54 yoops Thu, 02 Jul 2009 06:31:50 +0000 http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/#comment-54 Corporations don't earn any of this wealth.. 17% interest rate? Are you kidding me? That is extortion, they practically have you at gunpoint to pay exponentially more than you owe. Bunch of thugs. Corporations don’t earn any of this wealth.. 17% interest rate? Are you kidding me? That is extortion, they practically have you at gunpoint to pay exponentially more than you owe. Bunch of thugs.

]]> By: Alex K. http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/comment-page-1/#comment-56 Alex K. Thu, 02 Jul 2009 01:19:13 +0000 http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/#comment-56 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-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/comment-page-1/#comment-57 Andrew M Thu, 02 Jul 2009 00:46:46 +0000 http://mileniooscurocomics.com/student-loan-consolidation-replace-your-variable-rate-student-loans-with-one-fixed-rate-loan/#comment-57 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.

]]>