Scholarship, Grants, And Financial Aid Search » financial aid

is their a government fund that pays back for college loans if you go to college and then enlist?

admin — Tue, 22 Jun 2010 11:59:07 +0000

like if you finish all your college, and then enlist, do they help you pay your existing student loans? or are you just S*** out of luck and have to pay them back on your own?

In 1996, after a few years of college, I enlisted in the Army. I can’t remember what the program was called, but while I was still in the inprocessing phase, I was asked if I wanted the G.I. Bill or if I want to pay off my college loans. It was one or the other but I did have an option. I opted for the G.I Bill and paid of my loans in three years (could have deferred them). Since it is another incentive to join the Army I am sure it is still offered.

Is it doable to pay for college just on loans themselves?

admin — Sun, 20 Jun 2010 15:54:50 +0000

Here’s the deal…my bf’s mom wants him to go to the college she wants him to go and won’t let him go where he wants to go. He wants to move out and go where he wants. Is it very possible to do this by using college loans only, while attending full time with a part time job? He fears his mom will enroll him in the college of her choice, but he intends to enroll in the college of his choice, what is there to do?

It depends on on the lifestyle he wants to live when he graduates. If he wants to attend a private school, he could have nearly $100,000 or more in student loans between the tuition, textbooks, and room and board. He needs to start applying like crazy for scholarships starting now besides filling out the FAFSA.ed.gov and hope for some grants. Also search Google.com and Yahoo.com for scholarships based on his potential college major. With the interest rates rising, it could make it pretty hard to live on a decent salary and student loans. There are families who used student loans in college not able to save for their child’s college education. The idea to work a part time job to help with expenses is good, but wages tend to be very low in a college town due to the number of college students and jobs available.

Where is the best place to get college loans?

admin — Sat, 19 Jun 2010 10:02:13 +0000

Like many other people because of the economy crash, my family is a little tight for money, where is the best place to get college loans with out any catches?

Scholarships are one financial aid option to help defray the costs, but not everyone qualifies for these awards. The alternative is a college loan, which, although it has to be paid back, student loans usually have low interest rates and long terms in their favor. There are numerous types out there, both from federal and private sources, and doing your homework first will ensure you find one that’s right for you. Subsidized: Based on financial need. The government pays the interest while the student is in school… Unsubsidized: These are not based on financial need, so the student is responsible for the interest charges from the date the loan is issued.

Could you pay your college loans off all at once?

admin — Thu, 17 Jun 2010 21:20:04 +0000

What if right after college someone magically won the lottery. And he’s currently playing a certain amount of money every month on those loans. Would they be required to continue those payments or could the just pay off the loans all at once?

You can pay them all off at once with no penalty as long as they are federal student loans. Be sure to call your loan servicer to obtain the correct payoff amount for the day you want to payoff the loan, as interest accrues daily.

What can i spend my college loans on?

admin — Wed, 16 Jun 2010 15:16:08 +0000

I’m 19 and am starting community college in Sept. I have been approved for Financial aid from FAFSA. And i was wondering if anyone can help me understand more about it in depth? I think it said I’m eligible for $14,000 in loans or something. Can i use it for gas? Food? Housing?
my contribution is 0, my parents contribution is 0. And i don’t have a job.

Whatever is left (after tuition, housing, meals, etc), you can spend it on whatever you want.

Do you know of any help with paying off college loans?

admin — Tue, 15 Jun 2010 03:10:19 +0000

I went to college and graduated with a degree in elementary education. I am a single mom. My loan payments are way out of my financial range, and they are as low as they can be. Does anyone know of any grants or ways I can get help paying my loans off? My next step is to get a 2nd job, and I will hardly ever be able to see my son. Thanks!

Consolidate if you haven’t already and check to see if you can get a different payment plan. Depending on how much you borrowed/owe you may be able to stretch the payment out and have lower monthly payment.

Here’s a link to different loan forgiveness programs

http://www.finaid.org/loans/forgiveness.phtml

where can I find out who services my college loans?

admin — Tue, 08 Jun 2010 11:58:04 +0000

I have Stafford college loans in a few places, and I remember seeing a website that listed who owned those loans, the amount and interest rates. Can anyone remember or tell me what that site is?

If your loans are Direct Loans you can use the previous poster’s listed website. However if you have loans that are from other lenders you might find more information at www.nslds.ed.gov, which is the National Student Loan Database, where you can look up any loans that you do have. Many of the lenders have websites or emails addresses listed for quick contact, along with mailing addresses and phone numbers. Once you know your lender you can use their websites to gain even more additional information on your loans.

You will need your Dept of ED PIN to look up loan status. If you cannot find your PIN, you can request a duplicate at www.pin.ed.gov.

Will Massachusetts help with college loans if you teach in the state?

admin — Mon, 07 Jun 2010 07:58:03 +0000

I was told Deval Patrick signed a bill into law that will pay off some or all of your college loans if you teach in MA for a few years after you graduate college. I would like more information, but I’m having a hard time finding any on the internet. I tried mass.gov and multiple search engines.

You should talk to a financial aid officer at the school you are attending/want to attend for more information regarding loan forgiveness for MA. Or search on http://www.mefa.org .

Good luck!

Can you get college loans for just one academic quarter?

admin — Sat, 05 Jun 2010 20:59:06 +0000

Some of my financial aid will be running out my spring quarter of school and I’m going to be a little (well alot if you ask me) short. Are there any college loans that will let me borrow for just one quarter of school and possibly still not have to pay while I finish school.

I’ll also probably need loans for next year as well but won’t know how much until the end of spring quarter.

You can get an additional loan from any student loan provider, as long as you don’t borrow over the amount that your school has designated as the cost of attendance for a year. You can find that on your school’s website, there will be two numbers, one for living on-campus and one for living off-campus. The main difference with this secondary loan is that it is not a government loan, but a personal one. You may need to have a co-signer if you don’t have a good credit score or enough credit history. The loan will still go into deferment while you are in school, but the interest will accumulate. Personally, since all of my Stafford loans were through Citibank, I used them to get my secondary loan.
Good luck!

If the bank handling my college loans goes bankrupt, how will I be affected?

admin — Fri, 04 Jun 2010 17:24:21 +0000

I am a first year college student at Dartmouth College and have taken out a hefty amount of loans for my first year tuition. I know with the recent Wa Mu bankruptcy, that many other banks are in danger of following in Wa Mu’s footsteps. If by chance Citibank were to collapse what would become of my loans. And with our recent recession, how will I be affected in my ability to attain loans and secure a job post graduation?

The loan won’t go away. It’ll simply be sold to a new bank.

From your perspective, the only thing that would change is the address on the payment stub or however you make the payment.

The amount, interest rate and other terms for the loan remain the same.

Even if Citibank were to get bought by another bank, as Wamu did, the merger will take a few years to fully complete. In the meantime, you would still deal with Citibank. Your branch, account #, and all other information would remain the same for now. Eventually you will get a letter explaining how your accounts and everything will be merged over to the new bank, but access to your accounts and all that would remain uninterrupted.

Even if this didn’t happen, I had my student loans sold off to new banks while I was repaying them. All that happened was I got a letter from the old bank saying they’d sold my loan to a different bank. I then got a letter from the new bank explaining they had purchased my loan, and any differences I needed to be aware of. For instance, one bank used a book of repayment coupons I would just mail in with my check each month, whereas the other bank would send me a monthly statement.

Trust me, "they" want their money! Even if the actual name of "they" changes, they will make sure you know where to send the money.

As for the post-college economy…don’t worry about it too much right now. A lot will happen in the next 4 years – both to our country and to you personally. Just worry about getting through college as best you can. Once you’ve decided on a major, try to get an internship, co-op, or part time job in your field. This, more than any class you will take, will help you get a job after graduation.