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Student Loan Discussion Board - Ask questions about student loans and get answers from peers and financial aid experts.

Suspension of Repayment to Student Loan

My husband and I have both worked full time and I have been able to pay my student loan until our recent situation has changed. My husband began a new job in which he makes much less and I no longer work. We have 3 children so we are now a family of 5 living on $27,000 gross income (annually). My husband has returned to school and we will most likely qualify for the Pell ...
Read more : Suspension of Repayment to Student Loan | Views : 55 | Replies : 1


Stafford Loan Question Stafford Loan Question

Okay, when I was fresh out of highschool I applied for FASFA, I was awarded a grant and my college also said I was eligible for a Stafford Loan.

Now, long story short, I dropped below half time. They said that I had signed up for the wrong courses, so when I withdrew, I guess they started taking from my loan and when I went to sign back up for the "correct" courses they told ...
Read more : Stafford Loan Question | Views : 37 | Replies : 1


Will loan consolidation lower my long-term interest payment?

Hi,


I've got loans from several different banks at varying interest rates. I want to consolidate, but I'm not sure if doing so will result in an overall higher interest payment. Does anyone have any instructions for figuring this out on my own?

Any other advice you want to give I do appreciate very much.

Thanks,
Seth
Read more : Will loan consolidation lower my long-term interest payment? | Views : 24 | Replies : 1


Stafford Loans

How much do u have to pay per month when u satrt making payments? Is it based on your annual income?
Lisa
Read more : Stafford Loans | Views : 38 | Replies : 1


Awarded Loans but will not receive Awarded Loans but will not receive

For Summer II I was awarded funds, both sub and unsub, but at the end they said I will not recieve the funds because I only took one class=3 credit hours. In my award letter the funds are still there after I have repeatedly told the Financial Aid office to take the funds off so I will not be charged. I had a friend that this happened too and even though she didn't receive the ...
Read more : Awarded Loans but will not receive | Views : 36 | Replies : 1


Help understanding the loan amounts

I'm a married grad student in my second year of grad school. I was awarded a sub and unsub Stafford loan. My employment situation has changed since last year, I'm making a lot less money than I did last year, so I need additional financial aid. I can't qualify for a GradPLUS loan with my credit. I'm trying to understand how the school determines the loan amounts. It says on my school's website that unsub ...
Read more : Help understanding the loan amounts | Views : 43 | Replies : 1


Loan not for tuition?

Hey guys,

Just curious as to what type of loan I should apply for to help me pay for my apartment rent. I have all of my expenses like tuition and books paid for, now I just need money to help me pay for apartment rent. I decided not to dorm on campus because I found it cheaper to live in the apartment, however I can only find loans to go directly to tuition and ...
Read more : Loan not for tuition? | Views : 48 | Replies : 1


Stafford Loan (Subsidized only)..is what I hear true?

I'm thinking about taking out around $2,250 from a Federal Stafford Loan (SUBSIDIZED) for only one semester. From what my financial aid counselors tell me, the government technically pays for the interest you accumulate while in school. My plan is to pay back the loan in full (at one time) right before or right after I graduate school. My question is, will I have to pay any kind of interest as well? According to my ...
Read more : Stafford Loan (Subsidized only)..is what I hear true? | Views : 54 | Replies : 1


Aid Suspension, bad advice from financial aid counselor

I signed up for 12 hours over the summer, 9 in Summer I, 3 in Summer II. I was on probation for completion percentage. I had to drop 3 hours in Summer I. I specifically asked a financial aid counselor if this would affect my eligibility for fall due to probation and was told it would not since Summer I and II were counted as one term for financial aid purposes. I received a letter ...
Read more : Aid Suspension, bad advice from financial aid counselor | Views : 58 | Replies : 1


Other Loan Money needed for Living Expenses

Daughter is Sophmore, has already been approved for Stafford Student Loan but needs extra money for Living expenses. What extra could she qualify for??
Read more : Other Loan Money needed for Living Expenses | Views : 60 | Replies : 2


 

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