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ahitche1
Joined: 27 Jun 2008
ahitche1's page
Posts: 7
380 Magic Points
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Subject: student laon
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Fri Jun 27, 2008 11:44 pm
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| 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? |
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anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
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Mon Jun 30, 2008 10:44 am
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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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Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Mon Jun 30, 2008 10:55 am
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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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SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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goodnatured
Joined: 03 Nov 2007
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Posts: 4007
1224 Magic Points
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Mon Jun 30, 2008 10:59 pm
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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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http://cashinpocket.synthasite.com/
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sallreen
Joined: 01 Nov 2008
sallreen's page
Posts: 1
38 Magic Points
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Subject: Student loan
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Sat Nov 01, 2008 9:00 am
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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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Sally
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tony williams
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Subject: Student loan
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Mon Nov 16, 2009 4:33 pm
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| if I was reciving disabiliity benefits at the time of signing for a student loan. Will i be responsible to pay the loan back ? |
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marcusandila
Joined: 27 Oct 2009
marcusandila's page
Posts: 148
3025 Magic Points
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Thu Nov 19, 2009 1:17 am
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| 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. |
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