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Tips For Student Loans
from:As a student you need to make sure that you getting the best possible return for student loans and are making the best possible choices. While it may seem that every company is telling you that they are doing the best for student loans and options, it is worthwhile sitting down and actually comparing information. Keep in mind that most graduates will have between $15,000 and $20,000 worth of debt for student loans when they graduate, so getting the best deal possible is well worth the effort.
Some important tips for student loans and loan selections include:
1. Get information in writing. When comparing information for student loans you need to have the facts, not just what you remember about the conversation with the loans officer. If you are applying for government loans the rates and amounts are clearly posted on the application paperwork, it may not be so clear with private lenders.
2. Some private schools will not be eligible for student loans from federal sources, so it is important to ask the school financial officer if you would qualify for a federal loan. In some colleges the school may have a preferred lender that is not the federal government, that doesn't mean you cannot get a government loan, but you may have to ask for the information.
3. Check to see what scholarships, grants or bursaries you may be eligible before applying for student loans. You may be surprised at the different organizations that offer thousands of dollars in scholarships that are never applied for. Once you have a student loan you may not be eligible for the scholarship so spend some time in the library and on the internet looking for options.
4. If you are using a private loan company, look for a company that offers more than just student loans. This is important in case you have to consolidate or take out a loan for another reason, you will already have a borrowing history with the company and it will be much easy to obtain another loan or consolidate your student loan.
5. Make sure that you are following your colleges or campuses student loan agreement. Avoid any type of lender that offers a loan that can help "get around the rules or regulations" by calling a student loan something else.
Doing some research and keeping an eye on student loans and programs is important. Try not to use a new loan company, stick with a company for student loans that has a proven track record and has been in business for a significant amount of time.
Student Loans Bankruptcy News
Carol Todd's Student Loans Forgiven Because She Has Asperger Syndrome - Huffington Post
 The National Law Journal | Carol Todd's Student Loans Forgiven Because She Has Asperger Syndrome Huffington Post She filed for bankruptcy in 2009 at age 63. While credit card debt and other kinds of loans are forgiven in bankruptcy, shaking off student loans is much more difficult. Debtors seeking forgiveness from education debt must prove the loans will impose ... Law Student's Debt Forgiven Over Asperger's Syndrome Asperger Syndrome prompts court to forgive former law student's debt Asperger Woman Pardoned her Law School Student Loan |
Student Loan Bankruptcy: Not A Free Ride - United Liberty
 USA TODAY | Student Loan Bankruptcy: Not A Free Ride United Liberty Nicholas Freiling over at Values & Capitalism—a blog run by the American Enterprise Institute—has a well meaning but utterly misguided—and I would argue, rather silly—post about bankruptcy and student loans. It is inappropriately titled “Student ... Five proposals to solve $1 trillion college loan crisis Grads declare bankruptcy under mountain of student loan debt The Student Loan Crisis: America's Slow Poison |
Fitch: Fixed Rate-Private Student Loans Could Spur Growth - MarketWatch (press release)
Fitch: Fixed Rate-Private Student Loans Could Spur Growth MarketWatch (press release) NEW YORK, May 24, 2012 (BUSINESS WIRE) -- Fitch Ratings believes the introduction of fixed-rate private student loans represents a competitively priced, privately financed option for students. That said, the choice between fixed- and variable-rate ... |
Five proposals to solve student loan crisis - Tucson Citizen
 U.S. News & World Report | Five proposals to solve student loan crisis Tucson Citizen But this “fresh start” isn't an option for most borrowers with student loans. In 1998, Congress enacted legislation that prohibits borrowers from discharging federal student loans in bankruptcy unless they could prove “undue hardship. New Book Warns Student Loans With Over $1 Trillion are Likely One of the Next ... Solutions, Sort of Student rate hike, not in our interest |
Senator Chuck Grassley Introduces New Bankruptcy Law for Farmers - http://www.totalbankruptcy.com
Senator Chuck Grassley Introduces New Bankruptcy Law for Farmers http://www.totalbankruptcy.com Most notably, the 2005 amendments made it more difficult for people to discharge student loans in bankruptcy. As student loans become a trillion-dollar industry, cries for reform have started to reach the halls of Congress. |