I’m a college student and financial aid, just ain’t cutting it, does anyone have anything to recommend for me, loans wise?
if you are asking about alternative loans, check with your financial aid office for some advice. They should have a list of suggested lenders that are well know and legitimate. WATCH OUT FOR FEES!!!!!!!!!!!!
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Consider defaulting on your college loans.
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Is this fruition of my college years,
arriving in an envelope, business-size,
Sallie Mae Corporation letterhead?
This is to inform you that you
havent made a payment on your loan
since the winter of, italicized, 1997.
If at this time you cannot make
the monthly payment we set,
youll be required to remit to us
the balance in full.
You know, I dont think Ill pay—
what kind of fool
would feed the beast that swallows its young?
Would feed the beast that swallows its young?
Clearly, eightteen isnt old enough to drink
but old enough to sign a promissary
interesting.
Military? Sure, join up.
And who can put a pricetag
on a top-notch education?
How about $50,000? $80,000? Well, thats
just for the textbooks.
But what exactly is the consequence
should I refuse to pay?
Is there still a Dickensian debtors prison?
Oh, there isnt? Well
If at this time you cannot make
the monthly payment we set,
well be required to revoke what every citizen fears:
your card for digging your hole deeper in debt
to the beast that swallows its young,
to feed the beast that swallows its young.
Everyone must go to university.
Without a good degree,
how will you pay the lenders
who staked you while attending university?
And everyone must grow the university.
This is to inform you that Ill never make a payment.
This is to inform you that Ill never make a payment
to the beast that swallows its young.
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someone i know told me the other day that i could go to college using student loans without having a job, but when i ask this person how do i get spending for food, personal items, money for gas to get to classes, money for health insurance, etc… how can i pay for all that without a job & this person told me that the government will give me back money for those expenses if i use student loans? it all seems to be too good to be true to me, it's a little fishy to me! i mean is any of this actually true? please answer me, i am so confused!
Usually you'll get a combination of loans and grants that you can use for whatever you want. They'll credit the money to your student debit account. If you don't have one already, set one up as soon as possible because you'll use it a lot. Generally, nobody will keep track of how you spend the money as long as you return the payments on time.
One semester, I had over $1000 left in my account that hadn't been used up in my school expenses, so I bought a new computer and musical instruments with it. Looking back, I would recommend saving as much as possible and keeping good records so you don't end up too much in debt.
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The Staffords (qualified and non-qualified) are only $3500 each the first year. Other than a Plus or private loan thru a bank, what else is available for a Student Loan?
The ridiculously low amount available through Stafford Loans are exactly why private student loan business is booming. $3500 won't cover many schools these days. I would suggest http://www.thinkfinancial.com
You can borrow up to $40,000 per year with them and it is very quick and easy to apply. Good Luck.
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Get Real Money for College: A Financial Handbook of $Cholar$hip Opportunities and Education Loan Options for Students from Middle School Through Graduate School
Proper education enhances you towards a better future. And once you start proceeding towards your better future, you could able to cherish the charm of a successful life. But journey towards a better future by acquiring proper education is no kidding. It needs determination, strong will and of course sound financial backup. First two factors depend upon you while the last one i.e. sound financial backup, varies from person to person. If you have money, you can meet your needs. Now what if you lack it? Well, do not worry. You have college loans around you, which are mainly emerged to help you with sound financial solution when you need money to cater the needs of your higher education.
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By carefully choosing student loans, grants, and scholarships as part of your entire college financial aid package, you can avoid going into heavy college debt. Kimberly Palmer, senior editor for U.S. News, discusses financial aid tips to help in paying for college and minimizing student debt and the differences between private loans and federal college loans.
For more college financial aid advice go to http://www.usnews.com/articles/business/paying-for-college/2008/04/09/look-twice-at-loan-advice.html
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I have to choose a lender for my financial aid student loan offered, and do not know which one of eight lenders to choose from. HELP!!!
It's important to do some research and select a lender who is reputable and will service your loans after you're out of school. Some good questions to ask include:
-How long have you been in student loans?
-Are you a financially secure company?
-Who services your loans?
-Who guarantees your loans?
-Who performs customer service for you?
-What kind of training or qualifications do they have?
-Do you certify your compliance with applicable regulations? -Where? May I get a copy?
-Do you charge an origination fee?
-Do you charge a default aversion fee?
-If you rebate the loan fees, when and based on what principal amount?
-How do I earn any interest rate or fee reductions?
-When do I earn any interest rate or fee reductions? Is your rate reduction immediate? Is your fee reduction immediate?
-Do I have to do anything to keep my benefits?
-Do I lose any benefits if I make one late payment? Do I lose those benefits forever?
-What happens to my eligibility for benefits if I consolidate my loans?
-Do I have to repay earned benefits if I consolidate my loans with another lender?
-Where do you disclose the terms and conditions for your loan discounts and benefits? Will you provide/confirm the terms and conditions in writing?
As the cost of a college education continues to increase at a rate of about 9% annually— nearly three times the rate of inflation— more and more college students are taking out loans to cover tuition, fees, and other expenses. Median undergraduate student loan debt is currently close to $20,000, and graduate students end up with an additional $32,000 in debt upon graduation. Pile on thousands more in credit card debt, and many college students today graduate with massive financial burdens that they are not prepared to handle.
In “Zero Debt for College Grads,” noted personal finance expert Lynnette Khalfani provides a thorough roadmap for stress-free living that will allow recent graduates to focus on their burgeoning careers while navigating the ups and downs of their financial responsibilities.
