how do i get out of a 20 year studentloan past due?
79577
Student loans are basically never forgiven, even for lack of sufficient funds. Even if you filed bankruptcy, you would have to pay them. A loan means you pay back the money. Depending on where you live, you may be able to get a certain amount forgiven by becoming a teacher, nurse, or other needed professions.
1028618
Pay what you owe and then don't go back.  That's the only way out.
441393
Dude, you knew when your payments were due.  You should have called them when you realized that your bill was late.\n\nBe responsible & own up to your own mistake.  Pay the stupid-tax and chalk it up as educational costs!
1076317
Make sure you consolidate and try to do it fast cause the rates are going up soon.  Watch taking out another loan to pay off, compare interest rates but get a payment you can afford.  If you default on a student loan, the government can garnish your wages, take tax returns and all professional licenses are subject to being revoked.  Good luck!!!
64835
Apply for a gsl (guarnteed student loan)\n\nIt's not a crazy amount of money but it helps if you want to do work study too, some of the money comes out towards your loans and some goes cash in hand\n\nTheir are always loopholes around it, My parents didn't have the credit either and I went to financial aid office and they sent me in the right direction and my loans were in my name without a cosigner....Don't know if that helps but goodluck to ya
8495
Dealing with the bank is your best choice. You can usually ask for a Forbearance, if you have sufficient income to continue making payments. Ask for the Workout Department, and tell them you are willing to work something out. They may put the past-due payments at the end of the loan, or allow you to pay a little more each month to catch up the past due payments. Depending how far behind you are, this may be your solution. If you still have problems, there are other options you can explore.
552077
You cannot get rid of his student loan debt, except in very rare and extreme circumstances.  Bankrupcty would be a good option if he has no property he can liquidate (sell to pay debts).  The bankrupcty trustee will make sure that he has no assets (stuff to sell). If his income is above the new standard, he may have to pay back a portion, but that probably isn't the case.  Good Luck!
1161408
Your loan agency (the government, or a private institution) will distribute the money to your college, usually about 4 weeks after your semester has begun (for a full length semester).\n\nThe school will then use the money to pay off any outstanding debts you have (for classes, for registration, for tech fees, etc.).\n\nMoney that is left over, will be given to you in the form of a check, about 2 weeks after that. \n\nYou then have the option of either returning it to your loan agency (so you won't owe more later, and so you don't reach your loan limit before you have finished your degree)...\nOr cashing it and sending part of the money back to the loan agency (same reasons as above, plus building up a good line of credit, showing you pay your debts)...\nOr cashing it and either spending or saving it.\n\nI suggest using what you need for books, then sending the rest back to the loan agency, or depositing it into a bank account that will give you interest. Keep this money separate from the rest of your spending cash or it will soon dissapear, and remember, you always pay interest so you always end up having to pay back more than you borrowed (which is why I returned the checks, uncashed, to the government, my first two semesters in college).\n\nBy the time you get to your last 1.5 years, try saving all the money...because 6 months after graduation, you have to start making large payments to the loan agency, and if you don't have a good job, you won't have the money on hand...so save their money and pay them back with it!
801956
so you 'already received canadian student loans'? \nhow much did you get? how much more do you need? the best option is student line of credit and a co-signer can be anyone, even your friend.(who has money of course)\nor, you can just go take a year off , work,save money and then get back to school. I mean, school will always be there!
490624
The simplest way is to get your repayment term extended.  To accomplish this you can do one of the following...\n\n* Consolidate your loan(s).  Consolidating will allow you to (1) extend your repayment term beyond the standard 10-year term associated with most Federal loans sometimes up to 30 years, depending on how much you owe and (2) "fix" your interest rate at today's rates [technically, the weighted average of all your loans' current rates, rounded to the nearest 1/8th of a percent].  Consolidation is a good idea for you if you like the predictability of a single payment and a fixed interest rate. With Stafford rates scheduled to rise to 6.8% on July 1st, by locking in today's rates, you will probably lower the amount of interest that will accrue over the life of your loan (and, as a result, shave a little bit off of your monthly interest payment, too); or\n\n* Call your lender and simply request "extended repayment" for each of your loan. This will leave your loans unconsolidated but will extend your repayment term beyond the standard 10 year term.  You can always pay it off sooner or make a larger monthly payment at any point.  Extended repayment is a good idea for you if you don't want to consolidate or want to retain the repayment incentives (or possible interest subsidies) that might be lost by consolidating. (Read about the "pros and cons" of consolidating here: http://www.finaid.org/loans/consolidation.phtml )\n\nGenerally, extending your repayment term will cost you more in the long run because it costs you *less* monthly.  As such, you might want to seek out some more "temporary" ways to reduce your payment.  You could...\n\n* Request the ability to make "interest only" payments for a while\n* Apply for a forbearance or a deferment until you have saved up enough to make your usual monthly payments a bit more manageable again.\n* Request "income sensitive" or "income contingent" repayment.  With this plan, your lender will determine your monthly payments based on your ability to pay. \n* Request "graduated" repayment where your payments will start out small but increase over time.\n\nRead about repayment plans here: http://www.finaid.org/loans/repayment.phtml
1085544
call them and explain the situation. At the end of the day you agreed to pay it by accepting the card but they are not heartless people. \n\nAdvise of your current situation with income and other outgoings more important (car, house etc) and then arrange a repayment plan. The sooner you do it the better.\n\nIn some cases they will stop you being able to use the card and will stop or at least reduce the interest charges, but you're better contacting them sooner rather than later
399386
Looks like you would have to go to a family member if they won't because you are a welcher then you might find a institution that has loans for high risk bowerers, If that's not possible save your money and get a credit with a limit and re-build your credit it will take a few years good luck
395711
First, you have to realize and accept the fact that there is and won't be any easy way out of your debt without certain consequences.\n\nHere are a few suggestions from someone who's been and done that:\n\n1. Go to a debt consolidation company, they will make negotiations on your behalf with your creditors for a lower monthly payment. Basically, you will make a agreed upon monthly payment to this company and they will in turn disburse the money to each of the creditor each month. You can call them and tell them your situation as far as the amount of debt and your income. I can suggest one I;ve used in the past, Debt Options in FL, 800-523-0102. It will have a negative impact on your credit score, but at least you will be able to pay down the debt in a fairly short time, and you will only have to repay a small percentage of the actual debt, maybe around 10-30%.\n\n2. File bankruptcy, this is the fastest and least painful way, you can file for Chapter 7 and just walk away from all of the debt. Even though the laws have changed, you can still file for a Chpater 7 or 13 bankruptcy depending on your particular situation, you would have to speak with a bankruptcy lawyer. The fees are probably around $1000 to $2500.\n\nIf you have been in debt for 20 years, then you really need to review your situation seriously and make a decision if you truly want to regain control of your life and finances. It sound that at your current pace, you will still be in debt another 20 years from now! \n\nAs painful as my suggestions may sound, it at least provides a way out for you and then you can start all over with a clean slate, no debts! Trust mem there are millions of people filing bankruptcies every year, so it is not a life ending move, but rather a way to give you a new start.\n\nIt's your life, you can decide as you wish...good luck!
630266
go here...\nhttp://loans.mamayek.com/studentloans.html
800337
You don't mention if you have a job.  If you do, you could either ask your employer for an advance on your paychecks or you could go to one of those paycheck loan places where they will loan you the money, at a high rate of interest, but it's better than being homeless.  Also, have you asked your parents or relatives?  One other thing, check your university's social services dept. (if they have one) and ask a counselor there for help.  \n\nIf you don't have a job, get one!  If you've been paying your rent on time in the past and this is the only time you've been late, your landlord might cut you some slack when you show him that you are really trying to get your life back on track.  Set up a payment plan with him and stick to it.\n\nIt's good that you're learning a valuable lesson now, while attending school, and it's not even part of your curriculum.  Your credit history/rating will be one of your most valuable assets as you go through life.  Protect it and do all you can to keep it healthy.  That way, when things happen to cause unexpected financial problems, you have options.
89369
I would consult an attorney about it.  \n\nIf you can't do that because of money issues - talk to the firm who is "helping" you to get out ot debt.  They of all should be able to have exactly what you should do all planned out for you.  \n\nIf they can't help you on it... I would SERIOUSLY be looking into a different company to help me in this.  There are non-profit agencies out there who know everything about this sort of thing.  Good luck
33956
When you are enrolled again, you can apply for deferment through the loan company. If they have a Web site, it should be very easy to find information on how to go about doing this.  If not, try the FAFSA site.