csigeoffrey
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Unfortunately, these loans are usually federal, and they do NOT go away. You must pay them off some how or they do haunt you for life. Perhaps you can call the holder of the loan and discuss payment arrangements that will be affordable and not destroy your credit. They will work with you if you try!
Good Luck! |
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unknown
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unfortunately student loans can not dealt with thru bankruptcy. You will have to pay student loans off one way or another. I recommend you negotiate with the loan companies about your situation as soon as possible. There is no easy fix with student loans because they are government back loans. I would seek a debt consular ASAP! |
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PoohBearPenguin
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Other than just paying the loans off, or dying, there's not much else you can do.
It used to be that military service, becoming a teacher, or serving in the peace corps. would let you forgive part (or all?) of your student loans. However that was over 10 years ago, and I don't know if that applies to some who didn't finish college. Still, it might be something to look into. |
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woooopa@sbcglobal.net
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Check out Direct Loan Servicing
https://www.dlssonline.com/
My wife and I were able to consolidate our student loans and our monthly payment is pretty easy to deal with. They are a good company and are totally safe. |
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binglephipple
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You're scwood. (not sure if the proper spelling is accepted here). I'm sorry but that's just the facts. Don't think I'm not sympathetic. I just paid a small one off that was about 20 years old-I never made a payment on it and I did pay dearly in the end. Interest and penalty keep adding up up up. Actually I think I paid it twice but they lost some records of tax refunds applied. Anyway, this is totally wrong; there is no valid reason why student loans should not be allowed to bankrupt. I do think bankruptcies are too easy but if one qualifies, this notion of exempt loans is just BS.
Get a job that makes enough to pay them off or join the Military/reserves and get them to pay. If you don't, you are gonna be scwood for most or all of your life. It would be easier for someone to get out of child support than a student loan; that makes no sense. |
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gggsbaby
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See if you can negotiate with the lender for a lower interest rate to lower your monthly payment. A lot of lenders will do this because they'd rather make less money on the loan than for you to default on it. The only way to keep it from ruining your credit long term is to pay it. Anything else will be on your record for a minimum of 7 years and more likely 10. |
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mister ed
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so sorry get a part time job and all of that money throw toward the loan!!!! |
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Jennifer
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Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://urlhawk.com/4rz |
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tudorjason (matt)
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Even if you apply for a bankruptcy, it won't erase student loan debt because it is likely from federal loans.
When the deferment ends, if it hasn't already, you need to apply for a forbearance. Just a note: the feds will likely go into session again in July to decrease interest rates again. So perhaps by then, you'll be able to consolidate and make the payment. If push comes to shove and you can't wait or you are denied a forbearance, you should get a job or a second job.
Or, you can do what I did and that is take out more loans to finish school. This will allow you to get your degree to be able to make more money and it will allow for a longer deferrment period.
Good luck. |
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Dan
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You can forebear (or delay) most student loans for a period of time. But it requires a fee. Your interest will also continue to increase. Usually the delay is about 6 months to a year. |
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Bentl
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Student consolidation loan involves converting the loans taken by the students or parents into a single big loan from one lender. They are available as FFELP, FISL, Perkins, HEAL, Health Professional Student Loans, NSL, Guaranteed Student Loans and Direct loans. Few of the lenders let you consolidate these loans as private loans.
You pay lower monthly installments since the duration of these loans is more than 10 years. Usually, these loans last for 12-30 years according to the amount borrowed. This is an easier way for you to repay the loan without having to face financial crunch. However, you pay more interest as the loan period is more.
http://pay-your-debts.com/category/Student-Loan-Consolidation.html |
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zclifton2
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Vote for a Democrat, they might help with your situation, but Bush would and is saying, "Join The Army!"
This situation is not ruining the rest of your life! It is a bump in the road of life! |
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Dr. Gigi
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There is a lot of information about this on the internet . A good place to start would be here :
http://www.nextcreditera.com/ |
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