Tuesday, July 10, 2012

Student Loans - Default Consolidations

Student Loans - Default Consolidations

Question by estephania2182: I am currently consolidating two student loans. How long til I can apply for more loans? I'm consolidating two loans, one of which was in default. How long after I consolidate before I'm eligible to apply for more federal loans if I want to go back to school?? Best answer for I am currently consolidating two student loans. How long til I can apply for more loans?:

Answer by Found-1
You should not consolidate your loans until after you finish taking out all your loans for all your education because you can only consolidate once. If you take out more loans after consolidation, you will end up with more than one payment... kinda defeating the purpose of consolidation. As long as you are not in default on any student loan, you can take out new federal student loans.

[how to consolidate student loans in default]

Visit www.collegedefaultedstudentloan.com to learn how to consolidate your default student loan and stop wage garnishments, collection agency harassment calls, liens and tax offsets.

http://falamosportugues.com// Problems with Defaulted Student Loan? Student Options

Perkins, Direct Subsidized and Unsubsidized Stafford Loans, Direct PLUS (for parents and graduate and professional-degree students) and Direct Consolidation Loans (to combine federal education loan debts into a single loan). What does “subsidized” mean ... Understanding student loan terminology

If you are looking to get a college or student loan then you may have a better chance than you think. Bad credit does not necessarily have to stop you. The 2 most common types of student loan do not even take into consideration credit scores unless you have messed up one of your student loans in the past which is unlikely. You have to look at the possibility that student loan default consolidations are possible.

Even if in the past you have messed up on a federal loan then it does not necessarily have to stop your education in university and college. There are different routes and additional provisions that you can go for if you have found yourself having trouble paying your loans in the past. You are not the only one who has had money trouble in the United States you know!

One of them is called a plus loan which is only available to parents directly and not the students.

Under this loan you are obliged by contract as a parent to pay some money towards the aforementioned education of the child.

In general you could say it is true that if you get a government loan you will do better off that if you get one from a private business but there is no harm in trying if you fancy that route. You just have to constantly reassure yourself that they have your best financial need at heart and walk away if not.  But you can still apply for private loans as well as your student loan if you wish.

Related Student Loans - Default Consolidations Issues

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