I want to go back to school for Photography, but will need to buy a computer and better camera. Will government student loans cover those expenses?
You can do whatever you want once your basic bills are paid.
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President Obama discusses revamping government college loan programs.
For more news video by Current TV visit http://current.com/
Duration : 0:1:38
what about the subsities for private student loans that cost the tax payer 4 time more than the goverment loans?
oh dear i hope i didn't just kill all the republicans that read this, a goverment program that works better than a private one. how many republicans brains just exploded?
student loans are not coverd under bankruptcy
The private lenders have basically took over the government student loans and are making huge profits from our taxes and the interest on the loans themselves. It's disgusting. And, they now have the largest lobbiest agency in D.C. So all the bills being passed supposedly for students these days is actually being passed for the lenders. I wouldn't blame anyone getting student loans these days to say 'fck it, I refuse to pay them back' just on principle. It may hurt their credit score for 7 years but the fact remains it beats paying back $150,000 for a $40,000 student loan. It's become way too corrupt. It's indentured servitude and they are a rip off. Just my opinion.
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I’m six years removed from high school, and would really love to go to college. The only problem is I don’t know where to start to get loans or info. Anyone have any suggestions?Thank you in advance.
You start with the FAFSA http://www.fafsa.ed.gov/
Fill it out and have it sent to the college of your choice. Then see the financial aid officer at that college after they’ve received the results.
That’s all there is to it.
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A variety of federal and state financial aid programs exist to help students pay for college, but if the proper procedures are not followed when applying for them, application can easily be disqualified. This book simplifies the confusing application process by helping the reader understand each
Cost of Education
As a large section of the students today opt for higher education, the cost of education has increased considerably, and the students are compelled to resort to educational loans after school. So for those who are staggering under a huge credit, the government student consolidation loan is a perfect boon!
How Can a Government Student Loan Consolidation Help You?
With a government student consolidation loan, the students can combine and consolidate their existing loans into a new one, and thus reduce their monthly debt payments. With less to spend on their debt repayments, students would find it easier on their pockets.
The students get more time to repay the government loan consolidation. What’s more, its interest rate is far less than that of the others. This pulls down the monthly payment amount, making it easier for the students and their parents. A student gain would most from this loan if he takes it after graduating, when his grace period is yet to end. He can thus avail of the lowest possible rate of interest on the new consolidation loan. With this loan, a student can do with signing only a single check a month. One can even consolidate private loans, but it wouldn’t be possible to change the loans if he wants to go back to school.
Who can Opt For a Government Student Loan Consolidation Program?
Generally the students who have taken federal student loans are allowed to take a government student loan consolidation. It’s necessary for the students to have more than one loan, and that too without any arrear on the existing loans. The students need to pass out of school before they take this loan. The time period allowed for repayment would vary according to the amount of loan consolidated.
The Loans that the Government Loan Can Consolidate – Federal Consolidation Loans – Federal Direct Consolidation Loans – HEAL/HPSL Student Loans – Parent Plus Loans – Perkins Loans – Stafford Loans – And many more.
When you consolidate the federal student loans, not only would it reduce your number of loans, but will also give you a better credit score. You would not even need any credit check in this case, as the federal student loans are endorsed by the US government.
You’d find the Government Student Loan Consolidation Easy
You can seek the help of the loan counselors in your school to know what steps you need to take to applying for these loans. Application for student loan consolidation quite easy- even an email or a phone call would be enough for applying and one could consolidate his loans within one to three months of applying.
I graduated highschool 1.5 years early, so I will not be 18 until November freshman year of college (Fall 2007). My cost of attendance, etc. is a little over $30,000 per year. After all the government loans, grants, and scholarships, I still need about $10,000. My parents cannot afford to contribute anything, and they do not have good enough credit to cosign (and wouldn't anyways). I am working but there is no way I will make that kind of money. I keep recieving things in the mail about private lenders like campusdoor.com or even banks, but they all require you to be 18! This is very important to me, I need to go to college THIS FALL. I will call the financial aid office too, but if any of you have ideas i would LOVE to hear them.
Thanks, Your answers mean a lot to me!
.Natasha.
Natasha, this is one of those terribly unfortunate situations with no good answer. You sound like a really responsible person who absolutely should be in college and working towards your degree. You are being penalized for graduating early and being a hard-working, intelligent person. There is most likely no lender that will let someone under 18 take out a loan with no co-signer.
Having said that, i think you need to try your hardest to get a relative or close family friend to co-sign for the loan. I would suggest taking some time to write up some kind of contract or at least, think of how to approach these people in a way which will make them see just how important it is to your future. Co-signing for a responsible person is not as dangerous as most people think. Stick with it and find a way, you are exactly the type of person that colleges and companies need.
Good Luck and if you find someone that agrees and will co-sign, check out http://www.thinkfinancial.com for a private student loan.
Trailer provides a sampling of our efforts (Student Loan Tricksters) to expose the corrupt world of student educational loans and how these lenders, and our own government, are destroying hundreds of thousands of lives every year. Full documentary to follow.
Duration : 0:1:30
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