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This is a reminder, that before you consider consolidating your federal student loans to go over this last checklist before you consider anything. This is advised because consolidating a loan is making an entirely new loan with entirely new guidelines, and there is no going back. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. My husband and I have two student loans that were consolidated in 2003. If they do not forgive all of his loan would it be possible to go to court and get it forgiven or is everything totally against the consumer as usual? Since this was a Federal Student loan, it seems the loan can be discharged if you provide a certified copy of the death certificate. If you are a parent PLUS loan borrower, then the loan may be discharged if you die, or if the student on whose behalf you obtained the loan dies. The loan will be discharged if a family member or other representative provides a certified copy of the death certificate to the school (for a Federal Perkins Loan) or to the loan servicer (for a Direct Loan or FFEL Program loan). For more information, contact your The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer But is that impacted by the consolidation?

Seems to me like they can come back and say both (husband and wife) are now responsible since the loans were consolidated.

People should think twice about consolidation if they will not forgive a loan because of death. Gee, if I had known my husband was going to get terminally ill and die, would we have consolidated? I agree, the fact that the loans were consolidated may make you liable for at least a portion of installment loan lenders his student loan. Contact your servicer and send them a copy of the death certificate first and go from there. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

Please Read our Privacy Policy and Legal Disclaimer Well, I just heard back from Sallie Mae. I guess I get to spend the rest of my life paying for a dead persons school loan.

Is there any chance of hiring a lawyer and going to court to make a plea? If i declare bankruptcy, the school loans stay no matter what. I have worked hard all of my life and this is what i get as I am getting older.

Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. I have current lates on my credit report, therefore, I believe I will be denied the PLUS loan. Has anyone set themselves up to get denied the PLUS loan and then have their spouse with the stellar credit score go apply for a private student loan to bridge the tuition gap that is left. It says nothing about your spouses credit history so I think you will be fine: The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is long term loan for bad credit easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. However, if you determine you are not eligible to receive financial aid for school, and you can afford it, it is generally wise to go through federal student loans.

But keep in mind there are alternative loans to help pay for college. Before you do anything, first you should look into the costs of colleges you are interested in and compare the costs to help determine which school is most affordable. Community colleges are generally ,much cheaper than that of a university, and some states such as California has some of the cheapest community colleges in the country. If you currently get denied for federal student funding for grants or other free sources of money, there are currently low-interest federal loans for students and parents who need a more flexible payment option. Applications are generally free, and you can apply online, or get a form from a schools campus. This is one of the most typical federal student loans, and provides financial assistance to undergraduates and graduates who are looking for significant amounts of funds, and is not based off the students credit.

An important thing to know about these types of loans is that their interest rates vary depending on if they are Subsidized or unsubsidized.


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With this said, students should very carefully take in consideration whether they are dependent or independent students. There are strict federal guidelines that are followed without any exception. Do you have children who will receive more than half of their support from you during the academic year (July 1-June 30)? Do you have dependents (other than your children or spouse) who live with you and who receive more than half of their support from you?? At anytime since you turned age 13, were both your parents deceased, were you in long term loan for bad credit foster care or were you a dependent or ward of the court? Are you, or were you an emancipated minor as determined by a court in your state of legal residence at the time you received the determination? Are you, or were you in legal guardianship as determined by a court in your state of legal residence at the time you received the determination? Has your high school or school district homeless liaison determined actual payday lenders that you were an unaccompanied youth who was homeless? Had the director of an emergency shelter or transitional housing program funded by the U. Department of Housing and Urban Development determined that you were an unaccompanied youth long term loan for bad credit who was homeless?

Has a director of a runaway or homeless youth basic center or transitional living program determined that you were an unaccompanied youth who was homeless or were self-supporting and at risk of being homeless? If you answer yes to any of these questions, you can declare yourself as an independent when it comes to applying for these loans, otherwise, you need to use your parents financial information to apply for the loan.

Interest is added onto this type of loan, however with these types of loans students do not have to start paying until they graduate. Students will have a six-month grace period after graduating, leaving school, or dropping below half-time status.

Also, Unsubsidized Stafford Loans are not based off of income, but the flip side is that not all students will be eligible for the maximum loan amount. The factors that determine the amount a student is eligible for are their previous school year, their additional financial aid awards and the estimated cost of attendance. Stafford Loan limits are based on two factors: whether a student is considered a dependent of his parents and his year in school. Update: Stafford loan interest rates for 2012-2013 are currently unknown.

Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. As hundreds of thousands of young American enter the employment market with newly minted degrees, the clock begins to tick on those heavy student loans.


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The majority of student long term loan for bad credit loans do not enter repayment until six months after graduation. Yet we are facing tectonic shifts in higher education. The cost of going to college, seemingly the only path to what remains of the middle class, has far outstripped any sensible measure of inflation. As young graduates leave school many are saddled with tens of thousands of dollars in debt and the reality is, many are entering a lower wage workforce where pensions are a thing of the past, healthcare is largely shouldered by employees, and employment security is nearly nonexistent. Keep in mind this long term loan for bad credit is the market for recently minted graduates which are a small segment of our US population. There are countless long term loan for bad credit horror stories of student debt including debt collectors going after parents of a deceased son. The comments by me and the materials available at this web site are for informational need money now with bad credit purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the sos loans opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer I have asked myself this many times. This is after almost 6 years of working at a mid level banking job where there are people in every level of management with no degree whatsoever making 2,3, or 4 times what I have been making. If you net the cost of my student debt out of my actual salary you quick and easy loans online get an even more dismal number. College is not the only way to have a career and I hope this becomes more acceptable in society moving forward.

He is not even 30 and has been working for 10 years, has a great job and a good income. He has had career growth and a good path in front of him.

As hundreds of thousands of young American enter the employment market with newly minted degrees, the clock begins to tick on those heavy student loans. The majority of student loans do not enter repayment until six months after graduation. Yet we are facing tectonic shifts in higher education. The cost of going to college, seemingly the only path to what remains of the middle class, has far outstripped any sensible measure of inflation.