from student loans. I consolidated my student loans from Sallie Mae to ACS, I am still in school but they garnished my fathers refund! why is that, i shouldn’t pay if I am still in school. the agreement that I had with Sallie Mae is 6 months after I graduated in 2010, I have student loans under my name and everything is fine. can my father amend it? Can this be fought, before it was consolidated, I had it with Sallie Mae for 2 yrs and everything was fine. no repayment and everything was great. Now that we were deceived by ACS claiming that it is a lower interest rate..shouldn’t the term be the same?
Amending a tax return and offsetting any refund are not related.
powered by Yahoo Answers
I wish to God they told me in college that I wouldn't be able to consolidate them all down the road.
I have federal through ACS at a total balance of 20K- fixed rate of 7.25% with monthly payments of $130 (But scheduled to go up again soon).
I have private through AES at a total balance of 34K-variable rate of 9.97 (which seems really high) with monthly payments of $285 (Not scheduled to go up for another year now).
I pay $400/mo in just student loans and with my car payments, credit cards, and rent- it's not cutting it.
Everyone I've talked to said there's nothing you can do. Fannie Mae said they can consolidate them but only to make it once monthly payment of the total I'm paying now. How can I consolidate the two into one lower longer term payment? Or if I absolutely cannot- should I reconsolidate my 9.97% Variable rate loan? Note: I'm on that plan where they assume you'll have a good job over time and the payments gradually step up. But I still don't have that good a job!
Unfortunately you are unable to consolidate your Federal Student Loans with your Private Student Loans through the FFELP Consolidation Program.
I would also advise against consolidating your Federal Student Loans with your Private Student Loans because you lose all your Federal Benefits on your Federal Student Loans if you do consolidate the two types of loans together.
It does seem that you are very interested in Private Loan Consolidation however. Hope this helps you out! For more information on Federal vs. Private Student Loan Consolidation please visit the source below.
powered by Yahoo Answers
I ask this because they have the WORST customer service in the world. I've come to find that i'm not the only one with horror stories and I really didn't want them to be in control of my loan in the first place. They actually bought out my first loan company, ACS.
do a search for "Student Loan Consolidation."
powered by Yahoo Answers
I am new to the Army. I have racked up two degrees and plenty of student loans. I have 48000 in federal loans which the Army is going to pay for. but I have 4000 in personal loans that the Army will not take care of. I want to go back to school for a Masters, but I cannot get my transcript to prove that I already have the credits to prove that I have the necessary credits. I have been to ACS, the education center and the VA. none of them have a program. is there a loan or a program that the Army has that I can take advantage of?
Just the GI Bill