Monthly Archives: January 2012

Mark asks… Student Loan Consolidation Help Please!? I am a May 2008 graduate with a significant amount of debt. Because I transferred, I have over $50,000 in a number of private and federal loans from different companies in two different states. I just have a few questions about consolidation. 1. Can you consolidate both federal … Continue reading

David asks… How do student loans work? I’ve heard that if you don’t attend a school for six months you have to start paying back your loan. But I am taking a semester off, and then attending a new school in the spring. But for now I will be working. So will I have to … Continue reading

Chris asks… Am I the bad guy? My oldest daughter who is in college was in a bad truck accident? a couple of years ago without insurance. Her credit was not good enough to get a new vehicle so my husband and I used our credit to help her get a new truck; we later … Continue reading

Paul asks… Who should I consolidate my student loans with? Whats the best way to consolidate my student loans? Ive heard of Sallie Mae, Is this a good one? admin answers: Do you have federal loans or private loans? If you have federal loans then your base consolidation rate is going to be the same … Continue reading

John asks… Can a school legally refuse private student loans? Student loans are the only option I have in terms of financial aid, but the school refuses to deal with lenders. Is this legal or discrimination? admin answers: Yes it is legal. If the school wants to protect you from the evils of the sub-prime, … Continue reading

Helen asks… What is the best plan to paying back my student loans? I have $33,000 in student loan debt. I am supposed to start paying SallieMae back next month at $229 a month for 25 years at 6.8% interest. To me this doesn’t seem like much of a deal! Is there a way to … Continue reading

Helen asks… Can I become a school teache without a degree in education? I’ve always loved kids and thought to become an elementary school teacher, but I was discouraged at an early age while listening to my stepmother and her co-workers complain about the money and everything. Needless to say, I pursued business and recently … Continue reading

Sandra asks… Are student loans “good debt”? I’m 25 years old, been out of school 4 years, and have about 27k left in student loans to pay off. I have no other debt besides this (credit debt paid off–still have one credit card I make payments on ON TIME) I am comfortable with having this … Continue reading

Sharon asks… Does anyone know of any loans available for international UNDERGRADUATE students in canada? Im an international student in a university in canada i.e i am not a canadian citizen so i cannot apply for OSAP. I am in need of a student loan and i think i can only get this from a … Continue reading

John asks… My daughter’s mother did not work in 2007. Can I claim my daughter for 2007 even though she doesn’t live w/me? We are not together. My daughter’s mother lives off student loans & grants, credit cards, and the money she receives from child support. It’s my thinking that since she did not work … Continue reading