Question about help with student loans please? My son has approximately $38K debt in two Stafford federal loans :
One subsidized, one unsubsidized. As it stands now, he has ten years to pay off, at a monthly payment of $422.00. He cannot afford that payment. Which option would he benefit more from: consolidating OR 25 year [...]
Posts Tagged ‘university’
Help With Student Loans Please? My son has approximately $38K debt in two Stafford federal loans
Student Loan – Relief from Crushing Student Loan Payments
On January 25th, the Middle Class Task Force unveiled several initiatives designed to relieve the strain on family budgets, including a cap on student loan payments. A few days later, the President talked about this student loan proposal during his State of the Union address. The President’s words generated a lot of interest and excitement, [...]
Obama Student Loans – Virginia Governor Urges Obama To Rethink Student Loan Changes
In his budget last year, Obama proposed ending private industry involvement in originating in student loans, establishing the federal government as the sole provider of student loans in the country.
Obama Student Loans – Obama Plans to Cut Student Loan Payments
President Obama will propose a plan to cut the student loan payments of millions of Americans during his State of the Union address, the White House announced Monday. The president’s plan would cap payments on federal loans at 10% of a borrower’s income above a set minimum, defined as 150% of the poverty level for [...]
Student Loans – How Much in Student Loans is Too Much?
Question about how much in student loans is too much :
I will be graduating with 35,000 in loans, unsubsidized, the interest capitalized. The interest rate is 10%. My payments are 250 a month. Is this bad, would 40,000 in loans be bad.
College Loans – Should I Claim My Loan for College on my Taxes
Question about should I claim my loan for college on my taxes :
I’ve already graduated once and I’m currently going back to school full time. I worked for the whole 2009 year but I still needed a loan to pay for school. Should I claim that as income on my taxes? Why or why not?
Student Loan – Federal Loan Consolidation & Best Student Loan Debt Consolidation Companies
The Ministry of Education offers loan consolidation services, both online and by telephone. The departments offer many loans as under the Federal Family Education Loan (FFEL) program. For loan consolidation, you have to either consolidate the department of the lender or a federal education department. If the borrower) defaults on payments, then the consolidation of [...]
Student Loans – Pair quit after student loans shambles
Student Loans – Pair quit after student loans shambles
TWO top officials at the Student Loans Company quit today after a damning report into this autumn’s loan and grants delays, it was announced today.
Both Wallace Gray, the Student Loans Company’s (SLC) ICT director, and Martin Herbert, marketing and customer services director, have resigned, the firm said [...]
Student Loans – Leniency available on student loans
Student Loans – Leniency available on student loans
Federal student loan default rates are on the rise, but there’s no need even in this weak economy for you to fall into arrears on your loans.
Student Loans – Study tracks student loan defaults at for-profit schools
Student Loans – Study tracks student loan defaults at for-profit schools
More than one in five borrowers of federal student loans who attend for-profit colleges default within three years of repayment, new figures made available by the U.S. Department of Education on Monday show.
Historically, the government has reported such figures in terms of how many students [...]