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Discuss Stafford, PLUS, Direct, and other federal loan products.

Parent Plus Loans

I took out Parent Plus Loans for my son when he was attending UTI, I was told by the financial aid staff there that the Parent Plus loan was all that was available to my son because he had poor credit. I was told I was simply co-signing his loan and once he graduated the loan would transfer to him. He has completed the program but the loan is still in my name, how do ...
Read more : Parent Plus Loans | Views : 1369 | Replies : 1


School 'rolling over' Disbursement

My school received my loans (Substidized and Unsubstidized) on August 8th, but would not release my disbursement of funds for overpayment. I repeatedly called Student Finance to sort out the issue, but every time I called they gave me another excuse for the lateness. By the time I asked for a supervisor it was week 8 and they told me then that because my funds were not sent out to me in time it was ...
Read more : School 'rolling over' Disbursement | Views : 1074 | Replies : 0


IBR Interest, Deferrals, and Future Consolidation

Hello. I apologize if this has been asked already, but I have a few very specific questions regarding how student loan repayment works.

Under the IBR plan, if your monthly payment is not enough to cover the interest that accrues, the government will pay the interest on the subsidized loans for up to 3 years after you entered the IBR plan. Correct? When is this interest actually paid? Is it paid each month, at the ...
Read more : IBR Interest, Deferrals, and Future Consolidation | Views : 937 | Replies : 0


Going back to college after exit counseling

I decided in June to leave college, because of costs, I did my stafford loan exit counseling and am set to start repaying in November. I have decided however, to go back to college. Do I have to reapply for the stafford loan? Can I get out of my repayment and tack it on to the new amount that college will cost me? I am so lost. Any help would be amazing!

-Megan
Read more : Going back to college after exit counseling | Views : 1227 | Replies : 1


Parent plus and additional stafford loan

If you were denied a parent plus loan and your child received extra stafford funds. Is it possible, if denied a second time (different school year) to receive the additional stafford funds again?
Read more : Parent plus and additional stafford loan | Views : 1286 | Replies : 1


SAP satisfactory academic progress 2012

I wanted to let you know that since I do not meet the 70% completion rate of
hours taken throughout my life, i am no longer eligible for financial aid loans
as a part time student (6 hrs).

I have a concern regarding the 70% class completion financial aid rule recently
established. I want you to consider reviewing the policy and help us obtain
student loans that do not confine us to 70% completion.

With ...
Read more : SAP satisfactory academic progress 2012 | Views : 1089 | Replies : 0


Accepting loan for only one semester?

Can I accept a loan for only a semester? Or is it possible to cancel the loan for the second semester of the school year?
Read more : Accepting loan for only one semester? | Views : 1350 | Replies : 1


Need Help with a Stafford Loan.

Okay, so I did my FAFSA application last week and got it back approved for my pell grant. Today, I registered, took placement test, got my schedule and done. I've been researching online bout stafford loans. I read somewhere that you can use it for school related items. Is there a list anywhere where I can look up what school related items i can get with it? I really need a computer cause the one ...
Read more : Need Help with a Stafford Loan. | Views : 1595 | Replies : 1


Parent Plus Loan CoSigner Death

Hello, I graduated from Drexel University in 2010. I used the Federal Parent PLUS loans each year I was there to pay for my tuition. All but one of the loans was cosigned by my mother, the other one by my stepfather. Sadly, my stepfather passed away after a car accident about one year ago. My mother consolidated her loans with American Education Services but they would not give her information on the one my ...
Read more : Parent Plus Loan CoSigner Death | Views : 1625 | Replies : 1


Taking a semester off?

So, I can't seem to get an answer on this one...

I know it sounds like a dumb question, but if I take off the fall semester, will I be required to begin paying my previous loans off by the time I return?
That is to say, does the grace period begin the day I withdraw or would they look at the last date I was in classes, back in April?
I will be attending ...
Read more : Taking a semester off? | Views : 1470 | Replies : 0


 

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