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!

Normand

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.

Augusta

saberhacer asked:

Learn more at http://www.Saberhacer.com - After looking for scholarships and grants to fund your college education, student loans are a third option to consider. Learn the basics of programs available to students and families.

Sherman

Fly girl asked:


I am at the final stage of paying off credit card balances. Just one more month, yippee!!!! I’ve also already paid off my car loan 7 months before the maturation date. Anyway, I still have close to $50,000 in student loan debts- federal and private. But that’s it. I have never had any major credit problems. Will all this student loan debt have a negative impact on my credit score and rating?
I always make the payments on time every month.

Madelaine

Heidi M asked:


I’m finding it impossible to get approval for a student loan because I previously declared bankruptcy. I can easily get approved for a car loan, but not for my education. Anyone with ideas or information about this situation please respond. I have to pay for nursing school by August 1st!

Melissa

Lil Miss Answershine asked:


I have a LARGE amount of student loans, both federal (consolidated) and private. My private loans are on a variable interest rate. I feel like I am spinning my wheels paying each month to a balance that doesn’t seem to move.

What can I do? Should I put the fixed rate loans in deferrment and pay double on the variable rate loan?

Anjelica

j_teether asked:


I am currently a full time student. I already have a loan out to help cover Tuition costs, but I would like to take one out to get a new computer.

I’ve had steady employment for 2 years and I have a credit history of about 7 months, all of it positive.

Any suggestions/hints & tips will be greatly appreciated.

Thanks!
I have a Chemical Bank account.

Freda

Kimpossible888 asked:


I have a lot of student loans from college and grad school. I have seen ads for student loan repayment upon joining the Army Reserve. Are these only for enlisted or officer, too? Any other details would be helpful. I’m also interested in any student loan repayment in other branches.

Celeste

ionic_mind asked:


I am a student going to a community college on full scholarships. However, next fall I am planning to go to Mississippi State University. My problem is, even though I am only 19, I have already defaulted on a loan and stopped payments on a cellular phone contract. My credit isn’t even good enough to get a Wal-Mart card anymore. I am trying to get a hefty student loan to pay for my school expenses in my quest for higher learning. I would get a co-signer but no-one in my family has a good credit score either. So how would someone in my position go about getting a good loan for college?

Lakesha

Rosha N asked:


I, sadly, lost my scholarship and now I won’t have enough to cover all my expenses for the upcoming school year. I don’t want to worry my mother with it even though I know she would find a way to pay. I want to take out a student loan but I hear so many people say they are in debt now because of it. Does anyone have any experience with taking out a loan and how long it took to pay it back?

Delcie