student loan history

Private student loan, How to get a private student loan without a credit history or a co-signer?

I felt the the truth explained really clearly on the suggestions on links second and ninth at www.loanssourcehelp.tk

Student Loans : How to Get a Student Loan With No Credit History or Co-Signer

student loan limits

Can my financial aid officer limit the amount of my student loan?

I’ve just recently gotten an agency to pay my tuition bill in full but I still want to be able to take out my student loan for living expenses. They haven’t said I couldn’t, I just wanted to check to be prepared.

Schools have the right to limit the amount of your loans. If you are attending a school with a low cost of attendance or a high default rate, they can severely limit what you borrow.

That said, you may be able to appeal for a budget increase. Ask your financial aid office how to go about that. I can tell you that just because you are approved for a budget increase, doesn’t necessarily mean you will get more student loan to accomodate. Depending on your grade level or aggregate loan level, you may already have been awarded up to the maximum. Check with financial aid office for more information.

Federal student loan limits

student loan judgement

My paycheck is being garnished for a student loan. What if I quit that job and find another?

I was sued and had a judgement against me and now my paychecks are being garnished. Now what if I quit that job and get another one, how long before they find me or will they search?

Don’t you realize that a loan is something that needs to be repaid? It is not and never was free money. I would recommend being content with what they are taking out of your checks now, and pay an additional amount on that each week (or month), to pay it off as quick as you can.

To answer your question: you would need to be getting paid cash every week for them not to be able to find it. Also, the money in your bank account could suddenly disappear if you happen to switch jobs or try to evade paying your loans off. You could also fake your death, but that’s illegal.

Financial Aid : How to Make Financial Aid Appeals

private student loans

Do private student loans only cover the school tuition, what about living expenses?

I’m not talking about stafford loans because its a very small amount of money. Private loans only please. How would I qualify for them. Can I only take out for the amount of the school cost? Can I take out more than the school tuition to cover living expenses?

You can, but you need to take out Stafford loans FIRST and then (if you have a cosigner with awesome credit, a stable, long term employment history with an income high enough to pay off the loans when you can’t) if you require more money you can try to get a private loan. You will not get a private student loan without a cosigner. Private student loan interest rates are more than double what Stafford loan rates are, not to mention they are variable rate loans (meaning the interest rates will go up over they years). You can not discharge private student loans if you were to become disabled or die… meaning your cosiger will get stuck paying on them no matter what. Who in the world would want to do that to someone?

You might want to read this article however about the dangers of the sub-prime private student loan industry.

http://finance.yahoo.com/college-education/article/108846/the-555000-student-loan-burden?mod=edu-continuing_education

If you live like a professional when you are a college student, you will live like a college student when you are a college graduate until you die as will the lady from this article. As an alternative, you should consider attending a school (and the living situation) you can really afford otherwise you or your cosigner will be paying on those loans until you are old and grey. Who wants to pay on an apartment or for living expenses from when you were 20 until you are 70 years old? Get a part time job and find about 3 roommates while you are in college. If it were easy, everyone would do it and no one would need it.

Do yourself a favor and avoid private student loans like the Plague. They are EVIL!!!

Private Student Loans Introduction