How do student loans for college work?


Posted February 4th, 2009 by admin 4 Comments »
student loans
Extremely Hyper gamer dude asked:


Is there such a thing as a student loan that you wont have to pay until your job starts? Are there better options to student loans?

What to do when you run out of student loans?


Posted January 30th, 2009 by admin No Comments »
student loans
gserrado asked:


I am on my last year of Grad school and I run out of student loans. I had the federal loans and a citi-assist loan but my school is telling me that I maxed out on the amount of loans I can get (the full cost of attendance). What can I do? I see there are private student loan option but some say maximum is total cost of attendance… this means I am ineligible? what are my options?

What student loans will accept MMI as a school?


Posted January 21st, 2009 by admin 1 Comment »
student loans
Κατερινα asked:


I am looking for a private student loan, to pay for room and board and food, etc. But most student loan companies don’t accept MMI (Motorcycle Mechanic Institute) as a school on their apps.

Does anyone know of a student loan that does? Other then Sally Mae, they only do tuition type loans for my school now.

Any help would be greatly appreciated. Thanks.

What kind of loan can I get to consolidate private student loans?


Posted January 17th, 2009 by admin No Comments »
loans
bbrrpf asked:


I have $100,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments– is there something similar I could get for a personal loan? THANKS!

Is student loan still tax deductable when refinancing a student loan with a personal loan?


Posted January 16th, 2009 by admin 2 Comments »
loan
Andrew M asked:


My daughter has two very high interest student loans. Her credit won’t let her do anything, but I can “refinance” it with me getting the loan using my credit. But is it still a “student” loan that she can deduct. She is making the payments and her name will be also on the loan (ironically, she will co-sign for me). This seems to be some gray area once the loan gets moved around. Just want to make sure the “chain of custody” still makes the new loan interest tax deductable. Hope this made sense and thanks for your help.