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student laon

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ahitche1



Joined: 27 Jun 2008
ahitche1's page
Posts: 7



386 Magic Points
Subject: student laon
 
 Posted on Fri Jun 27, 2008 11:44 pm  
I have a student loan that is in collections right now. I want to go back to school but the Financial Aid office cannot grant me financial aid due to this situation. If I pay the loan in payments could the school give me financial aid then or do i have to wait until the loan is paid off to go back to school?
anthony

anthony

Joined: 31 Jul 2006
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Posts: 516



13571 Magic Points
 
 Posted on Mon Jun 30, 2008 10:44 am  
I think you should talk with the school regarding this. You can contact your collection agency and ask for a repayment plan and agree for one which you find most suitable for you. I think that consolidating your student's loan will help to repay your loans smoothly if you do not qualify for federal student loan forgiveness.
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scott

scott

Joined: 28 Jun 2006
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10878 Magic Points
 
 Posted on Mon Jun 30, 2008 10:55 am  
Under certain cases like if you perform volunteer work, military service, or teach or practice medicine in certain communities, the federal govt may forgive all or part of your educational loan. Now since your loan has already gone to collection account, the best way to come out of the situation is to go for students loan consolidation, repay the debt and start going to school again.
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goodnatured



Joined: 03 Nov 2007
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Posts: 3927



10 Magic Points
 
 Posted on Mon Jun 30, 2008 10:59 pm  
I am pretty sure that you will have to pay it off before they will even consider lending or granting you any more, but as advised above, check with your financial aid office, they will have a better idea of what to do and how to do it.
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sallreen



Joined: 01 Nov 2008
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Posts: 1



38 Magic Points
Subject: Student loan
 
 Posted on Sat Nov 01, 2008 9:00 am  
The student loan industry has been a topic of interest to the Congress in the recent session, and legislative changes as well as the sub-prime loan disaster are having an effect on the cost and availability of loans. Student loan securities dropped to an all-time low.
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tony williams
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Subject: Student loan
 
 Posted on Mon Nov 16, 2009 4:33 pm  
if I was reciving disabiliity benefits at the time of signing for a student loan. Will i be responsible to pay the loan back ?
marcusandila



Joined: 27 Oct 2009
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Posts: 142



3034 Magic Points
 
 Posted on Thu Nov 19, 2009 1:17 am  
tony williams- yes. you are responsible for still repaying the loan. it was granted as a loan & must be repaid unless of course it is forgiven. but being on disability benefits does not make you "qualified" for loan forgiveness. However there are many options that DO make you qualified for loan forgiveness; some of which were listed above.
mohammed
Guest
Subject: need help
 
 Posted on Sat Jul 10, 2010 5:07 pm  
hi i am mohammed i would like to study in fl but i need laon
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2675



48566 Magic Points
Subject: reply
 
 Posted on Mon Jul 12, 2010 1:06 pm  
Hi mohammed,

You need to give more information on your credit. Can I know what is your credit score? You need to have a good credit score, at least above 700 to qualify for a loan.

Thanks,

Aaron
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