Archive for January, 2006

student loan acs

ACS Studnet Loan – Federal Or Private?

is an ACS Student Loan Federal or private?

I would assume an ACS student loan was from an Associated C(?) Students which would mean it was something that was available thru the student body association where your college is
more than likely a private loan

Acs Student Loans: What Are They?

student loan xls

how do you decrease student loan interest rate?

both plus and stafford is 7.7777% in AES services whereas my husband is paying only 4.0% in XLS services.

You need to consolidate. Stafford loans and PLUS loans are not variable rates. Rates are not negotiable. Consolidate, since stafford and PLUS are under Title IV and get a new interest rate. I hope this helps you

Birthday No. 45: Monthly Expenses 4 November.xls

student loan questions

Student Loan questions?

Hi! I received Sallie Mae student loans for 2007-08, and have already filled out the FAFSA for 2008-09. I am curious, do I need to reapply for my student loans or will they just automatically renew?

You must re-apply. However, make sure you are also applying for any scholarships that may be available. I learned the hard way that the Scholarship division and Financial Aid division at a college is not necessarily the same place, so be sure to ask. I paid 3-years tuition I could have got comped. The FAFSA does not apply for scholarships, only loans. Be careful too and only take what you absolutely need. Those rates that don’t look too bad now will turn ugly, especially if you get a few kids of your own, and you will be paying $90K to take out $30K and still paying for school at 60 when you’re trying to retire.

Bankruptcy Questions : How to Claim a Student Loan on Bankruptcy

student loan offset

What happens if I paid off my entire student loan but they still applied my tax rebate to it?

I paid off my entire defaulted student loan at the beginning of this month. I even received a paid in full letter. But today I just got a letter from the IRS that my $600 was applied to that loan by offset!! Apparently there wasn’t enough time between when I paid off the loan and then getting my rebate. I just tried to call the Missouri Department of Education, which my loan is through, but they are closed for the day. Does anyone know if I can get my $600 back??? :(

You are going to have to contact FMS, or the Financial Management Service. They are the ones that actually collected the money from your tax rebate. (800) 304-3107 If you can provide proof to them, they should be able to get your money back to you, if they haven’t already forwarded the money to the State of Missouri

Help for Grads Drowning in Student Loan Debt

student loan quotes

College student w/ no real income apply for mortgage?

I am a sophomore in college (civil engineering) who is interested in buying my first investment property. I’ve read several books on the process an understand the fundamental ideas behind investing in real estate.

There is a home for sale on a popular street on campus which is annually rented to university students. With the mortgage quotes I’ve found, with 10% of the asking price down, after property taxes, insurance, legal fees for title transfer & other closing costs, the current rent would still make this house a money maker (assuming no HUGE maintenance problems come up), or at least break even.

Only problem is… I’m a student, with virtually no income. I hold a part time job (at a real estate management company, actually) but I doubt that’ll count for anything with the banks. If I could come up with the 10% down payment, is there a way that I could qualify for any type of mortgage? Is there any way that it could be viewed as a student loan of some sort? Thanks

I doubt it is legal to use student loan to buy investment properties.

No, you will not qualify for a loan. In order to qualify you need both a down payment and some way to pay the loan if the building is vacant. You can only count rent from property you already own as income.

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