Comments on: Student Loans: Cut Monthly Payments on your Student Loans by Up to 42% http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/ 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-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/comment-page-1/#comment-113 Dat_1_Chiq Sun, 05 Jul 2009 11:15:06 +0000 http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/#comment-113 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: managestudentloans http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/comment-page-1/#comment-110 managestudentloans Sat, 04 Jul 2009 07:07:48 +0000 http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/#comment-110 Here is another reason to shop around and do your own research when looking at applying for student loans. Once you find a good one, take out as little as you can as well - it will help you out in the future. Here is another reason to shop around and do your own research when looking at applying for student loans.

Once you find a good one, take out as little as you can as well – it will help you out in the future.

]]> By: jribe http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/comment-page-1/#comment-109 jribe Sat, 04 Jul 2009 07:01:20 +0000 http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/#comment-109 This lawyer and his firm totally cashed in with SallieMae and all the banks involved when they settled. I guarantee he and his grandchildren's grandchildren are now set up with very sweet trust funds. America, what a country! This lawyer and his firm totally cashed in with SallieMae and all the banks involved when they settled.

I guarantee he and his grandchildren’s grandchildren are now set up with very sweet trust funds.

America, what a country!

]]> By: Andrew M http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/comment-page-1/#comment-112 Andrew M Sat, 04 Jul 2009 01:23:31 +0000 http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/#comment-112 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/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/comment-page-1/#comment-111 Alex K. Fri, 03 Jul 2009 23:53:23 +0000 http://mileniooscurocomics.com/student-loans-cut-monthly-payments-on-your-student-loans-by-up-to-42/#comment-111 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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