I need education loan payoff advice. Familiar with Americorps? - put in your two cents...?
88921
Save enough to pay off the school is your first step, then use Americorp to help pay your current tuition (interest rates on student loans are higher now than a few year years ago).  You may also think about "consolidating" your Stafford loan to get a fixed rate before June 30, 2006.
1116212
If they cut the check to you directly no one would know the better. I would caution you against this. Think about it, you're using a loan to pay off another loan. I hope that this doesn't come across as sounding judgemental but ask yourself if you can possibly get by without either the car or something else in your life that is putting you in this position. I have seen too many young people come out of college with these huge student loans that follow them for decades after they have graduated. Many of them are forced to take jobs that they hate just to be able to pay off their student loan. Please try to limit the use of debt in completing your education. I promise you that your life will be much easier down the road if you do. 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!
1179848
try this.....My brother is getting student loans and he recieved info in the mail on how and where but try contacting the financial aid office at your school if this site doesn't help
751303
Be careful when looking for loans like this. I hope you have evaluated the real cost of these loans. Is it worth the price you pay for the loan? I would make sure it is a real emergency, and that you can reasonably afford to pay the loan back.
324322
If you haven't consolidated your loans already then do so before July 1 as interest rates will be going up.  Plan at least 6 weeks to make that happen.\n\nThere are a number of pay back options including ones that are weighted to be smaller early in the payback period with larger payments later.  You can also extend payments for 30 years or select a program that is income dependent.\n\nYou could consider working in a State underserved area or for the federal government or sometimes there are even private arrangements.  Try the 3R Network.  You could also consider the IHS or NHS.  I have heard some horror stories associated with both of those last two organizations, however.  I would be sure that you really wanted to practice some place before I accepted one of their assignments.  My sister found a place that reimbursed her for her loans in exchange for a five year committement, meanwhile she is earning nice bonuses with the practice she works for.  Good luck.
419201
Great! There are government grants that you don't have to pay back! They will actually pay you to go to school! If you are a woman, minority, have children, etc....handicapped you can get grad school monies! A quick yahoo search on grants will help you out... You could get married??? Rent part of your house out??? Helping others out is what I do too! Be good to people and people will be good to you....
1102804
For alternative loans, the repayment terms vary greatly. Most educational loan lenders understand that particular feature (delayed repayment and, in some cases, a 6-month grace period after graduation) is the biggest "selling point.," so many do include that option.\n\nRecall that I'm pretty sure this loan is offered by your school itself, which leads me to believe that (a) the terms are probably pretty attractive and (b) you probably won't need to repay it until later. That said, borrowing money is important decision, so you shouldn't make any assumptions.\n\nIt is my sincere hope that your school wouldn't offer you a loan without first disclosing the *terms* of that loan to you.  Did you receive any paperwork on it? If so, the repayment information is probably in there. There are definitely some private loans out there that *don't* allow you to wait until you graduate (e.g. that begin repayment within 60 or 90 days).  With other private loans, the student is given the *option* to begin repayment immediately or delay that repayment until graduation -- and in these cases you would need to specifically request it.\n\nGive your school a call. Tell them that you have some questions about the loan you were offered. Get all the information you can -- asking lots of questions is never a bad thing when it comes to managing your finances. You might even ask them why they choose this loan program for you. Make sure they're keeping *your* best interests at heart.
404978
Why would you want to? Not being judgemental, but I certainly hope that the expense you are wanting to cover is worth the astroniomical fees/interest they charge on these loans. I think these places should be shut down. They prey on the poorest people in America and drive them deeper into debt/poverty. If you can possibly put off paying the debt, do. Even if you get charged a late fee for the late payment, it's probably lower than what you'll pay to 1-3 cash advance places. If you are needing cash for something like a car repair, you'd be better off to swallow your pride and bum a ride for a while, take a bus, ride a bike, or walk. There's nothing wrong with admitting you don't have the money to pay an expense right away. When our country learns that, we'll all be better off.
18091
I found a website that might be able to help.\n\nhttp://www.edupass.org/finaid/loans.phtml
692124
Call the lender (or, possibly the collections agency if your situation has gotten to that point).  Many companies are willing to work with you because defaulting on a loan is bad for their business, too.  However, you have to show them that you are a responsible borrower:\n\n1.  Explain to them what happened (tell them just what you told us here)\n2.  Tell them that you will take responsibility from now on (the loans will always be in your name, so even if your mother still plans to pay them off, you should still keep a watchful eye on your account balance to make sure that she is never late) \n3. Ask what repayment options you have at this stage.  Some lenders will put you into a forbearance in order to alleviate your payment problems.  Other lenders will recommend that you consolidate your loans in order to lower your monthly payment.  Others will, as you suggest, devise alternative payment options called an "income contingent" or an "income sensitive" payment plans.  Ask them if they can do this and, if so, whether they can make your payments close to $50.  Generally, once you make 6 consecutive payments on time, you will be out of default, which will help your take-home wages and your credit report in the long run.\n\nRemember, too, that collections agencies deal with a lot of lazy people -- show them that you are different.  If the person you speak to is having an "off" day or doesn't seem willing to help you, try again.  Consider asking your former Financial Aid Office to contact them on your behalf (I have done this for students) -- sometimes they are more pleasant when dealing with someone "in the business."\n\nFinally, one of your rights as a Stafford or Perkins Loan borrower is that you be allowed to speak to an ombudsman when things get rough.  You can find one and learn about what they can do at http://www.ombudsman.ed.gov/  (Basically, an ombudsman is an individual who resolves disputes through an independent viewpoint; they do a lot of impartial fact-finding to make sure that you have been treated fairly.)
796301
Hello there,\n\nYou still do have many options, but i would need to know more information in order to accurately give you a suggestion..\n\nYour in a situation that alot of students find themselves in these days with such high tuition rates..\n\nWhat i would have to do is take a closer look at your situation and then advise you from there..\n\nI work with Student Aid Lending, we are a nationwide title IV lender administered by the Department of Education... I would be happy to assist with your federal student loans... \n\nTake a look at my yahoo 360 profile.. There is alot of helpful information there for anyone to view.. You can also find the direct link to my website..\n\nhttp://360.yahoo.com/my_profile-hluduhmi...\n\nIt is actually a VERY SIMPLE process, it can be completed in 10 minutes over the phone and internet...\n\nFeel free to call or email me at any time.. Im available at all times to answer any questions or concerns you may have..\n\nI hope this helps!\n\nJason Fry\nStudent Aid Lending\n1-800-964-0642 ext 114\njasonf@StudentAidLending.com
874706
Pay them off.\n\nI mean seriously. Your question is extremely VAGUE. How about delivering more information. Y oure only going to get more answers like this if your question remains so completely open to speculation.\nHabe you heard of refinancing? Contact your student loan company and tell them y ou want to extend the life of your loan and make lower payments monthly. As far as credit cards go....if you SINCERELY CANNOT Pay them, go see a consolidation service. For a fee, they will get your debts REDUCED or SETTLED for a much lower amount, OR like a student loan, they can extend the time you have to pay it off and at a lower rate. \nBut if worse comes to worse, and you CANNOT afford to pay off your credit cards- theres not much they end up doing. It WILL affect your ability to get loans and credit in the future, even a house, but theyre not going to come to your door and start taking your couch and tv or put you in jail. THE WORST they can do is file a JUDGEMENT against you which you wont even have to physically appear in court about. It wll affect your life, but you dont HAVE to pay it off. If you have no money to pay this crap, what do they think youre gonna do? Pay even more than you cant afford now? Ive had capital one threaten to sue me for a 1300 dollar debt, that they JACKED UP to 2700 dollars. If I cant pay 1300, what makes them think I can pay 2700 in late fees and interest? Ive received letters saying that a suit is being filed, but so far, aint jack happened to me and I dont expect that it will. MANY PEOPLE owe MUCH MUCH more than I do, and nothing happened to them either. Its not like a car loan, where if you dont pay they come and take your car. Theyre not going to come and say you bought this and that on your credit card and we are taking it now. They send threatening letters and call your answering machine like CRAZY, but once you TELL THEM to leave you alone, by law they have to. Doesnt mean they wont file a claim against you though. But it will by law, make them stop calling you and sending BS letters. \n\nthey mostly rely on fear to make you do whatever to pay them. Thing is, theire insured and write these debts off as a bad debt and then you have to wait like 7 years to have it taken off your credit report. But you'll find those 7 years go by fast when you realize that you dont TRULY need a credit card to live. \nDo you budget your self? MANY people dont know how to budget, you may h ave to find out, are you spending too much on food and entertainment during your paycheck periods? If so, start changing your lifestyle, dont eat out, dont buy items that do nothing but sit on a table or shelf and look pretty etc etc. AMericans are constantly being told by TV and radio etc that they are EXPECTED To buy buy buy everything that they dont even TRULY need. Ignore the lies and live within your means.\nFOR EXAMPLE Buy a 30 dollar CROCK POT and for a 2 dollar bag of potatoes or the same 2 dollar amount of carrots  and a 10 dollar bag of bonesless chicken you can eat ALL WEEK, just serve it with noodles or rice or a 50 cents can of green beans to change it up daily.\n\nLife will get better in time, be patient. You'll be surprised at how fast time can fly with lifes distractions.
1110092
Go through the state. I live in Texas and got a loan for however much I was willing to pay back after I graduated from college. It was easy. (But Im not sure if the state you live in offers this)\n\nIt's worth a try.
1141058
Try this:\n\nPrivate people lending money for just about anything.  They bid the rates down and your rate is based on your story and your ability to pay back.\n\nOf course if it is for school, why not a student loan?
1152430
Let me give you a reality check.\n\nI came out of undergraduate school owing $10,000 in student loans.  Some months I had to pay over $400 toward those loans (I had several and did not consolidate).  I paid that over $400 some months, maybe around $250 the other months for over 7 years before I retired that debt.  I made accelerated payments to the principal when I could afford it.\n\n$10,000 doesn't sound like much, does it?  Wait until you have to start paying it back.  I felt like I mortgaged my life away.  I don't regret going to school, having a degree was important to me, but that debt is the reason I never pursued a master's degree I can tell you that!  \n\nNow people come out of school owing a lot more than I did.  I don't think they realize how that kind of debt will effect their quality of life and for how long they have that financial yolk around their necks. It really is a lot of money, and you don't realize it because when you are in school you just want to finish, but we all need to step back and really think about taking on that debt.  It could be the difference between being a homeowner or not, you know?  \n\nGood luck.
845282
get a job, put all you left over money in a drawer,  when the drawer gets full enough, go make you down pay't.  otherwise, you will probably be paying 25% interest on your loan.  don't borrow anything.  pay cash!!!