Mortgage and Insurance » Student Loans

FAFSA form and credit-report hard inquiry

jedwan — Fri, 02 Dec 2011 18:56:33 +0000

Does filing a FAFSA result in a hard inquiry through the credit bureaus? I know private lenders check credit for student loans, but wasn’t sure how it worked for the FAFSA. Thank you.

byChristopher S. Penn

per24a loan

Student Loan balance exceeds originally borrowed amount. Fico effect?

jedwan — Fri, 02 Dec 2011 18:53:43 +0000

Hello! I have never been late with my student loans. My loan is in current and never late status. However, due to having past aproved forbeadances and deferrments, my balance may soon go over originally borrowed amount. Will this negatively affect my fico credit score or I am fine making minimum payments? Thanks!

byChristopher S. Penn

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Quick Question about which student loan to start paying first?

jedwan — Fri, 02 Dec 2011 18:51:17 +0000

Hi All,

I was wondering if anyone could tell me which loan I should start paying on first? I have both subsidized and unsubsidized. I keep hearing from others to pay the unsubsidized one first, since it is accumulating interest…it makes since, but I just want to make sure.

I am still enrolled in school full-time, so my payments are all deferred. I just wanted to start paying on my loans early so that I can get all of my student loans forgiven because I work in the field of public safety. According to the FAFSA Website, you have to make 120 consecutive payments in order to be considered for this, so my hope is to start now…the sooner the better.

Any help would be most appreciated!:smileyhappy:

byEmbajada de Estados Unidos en Bolivia

Should I pay my loans off sooner?

jedwan — Fri, 02 Dec 2011 18:49:05 +0000

Have over 55K in student loans. Really want to purchase a home in a few years and my student loans are my largest debt and seems to be affecting my score since i’ve always been in forbearance or deferment status.

I enter repayment soon. I’ve consolidated my loans and was told about the Public Loan Forgiveness, IBR and ICR program, which will allow any remaining debt after 120 payments to be forgiven.

I’m signing up but was thinking if my finances continue the way they’ve been going lately i’d actually be able to pay my loan balance of 55K within seven years. Would it be wise to pay it off early considering the balance will be forgiven after 10 years? Or should i take any extra earnings i have per month and add it to my savings towards a down payment on a house? Any feedback is appreciated.

byChristopher S. Penn

Student Loan payment while in COLLEGE?

jedwan — Fri, 02 Dec 2011 18:46:32 +0000

While in college does making payments on a student loan help you credit score?

Hello I’m 17 and studying to be a pharmacist. I have struggled to find a house when i moved to college. So i needed to get a student loan. But know I have a job I feel i should start paying it off but I can’t really agree to a certain payment plan. I know it is deffered while I am in school but I want better credit. So many my question is Should i be paying about $ 100 dollars a month to show my creditors that i can handle payment or im i better off putting a hundred aside? Thanks. Any suggestion you could email to Mod Cut

BTW: I do have credit many people would conventially say that i 17 year old doesnt have credit however i have decent credit like 620. This is because at the age of 12 my grandfather put me onto his credit card accounts. To be able to run into gas stations and pay for him with my own card. This is half the reason why i was able to get a student loan credit card from capital one. But thanks and any Imput would be really appreciated.

Sorry for any typos I’m kind of typing fast.

Welcome to the forums. Personal information like email addresses are not allowed to be posted. You’re welcome to exchange that via PM (Private Message).

Thanks for contributing to our community- MarineVietVet, myFICO moderator

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Test of Faith at Seminary in the Form of Student Loans - 6x6 Iron On Heat Transfer For White Material

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by Christopher S. Penn

Student Loans in Collections- Help!

jedwan — Fri, 02 Dec 2011 18:43:56 +0000

Hello,

I have two student loans that were originally with Key Bank (Private), and they are now in collections because I was not making enough money at my job to pay them at all. Now that I am married I want to get rid of all of my debt, even if I have to be in a payment plan for many years.

I don’t even know where to start…..I am losing sleep over this at night….. But I want to do something about them now because they are now with a Collection agency/ lawyers office based out of Southern California.

From the research that I have done so far, I know that they can get a judgment against me and I don’t want it to get to that point since my husband and I are trying to buy a house right now using my husband’s credit. Any suggestions on how I can negotiate with this Lawyer’s office/collection agency????? I have heard that they like to get a "down" payment" before they even let you make monthly payments to them……any advice on what I should do??? I could only pay them like $ 100 a month on each loan. I owe somewhere between $ 18 to $ 20 thousand. Any help/thoughts would be greatly appreciated.

byEmbajada de Estados Unidos en Bolivia

STUDENT LOAN HELP ASAP!!!!

jedwan — Fri, 02 Dec 2011 18:41:55 +0000

I completed my application for Direct Loan Consolidation in August 2011. I printed off the application status a few weeks ago which stated my application had been processed and information had been requested from my 3 student loan servicers as of October 17, 2011. My mom called me and said i received a statement from Sallie Mae on YESTERDAY stating that I owe $ 623 on 11/14 which is tomorrow!!! From my understanding I would only make one lump sum to Direct Loans and I’ve yet to receive anything else from them. Has anyone else had this issue?!?!?! Im freaking out because I don’t have that kind of money last minute especially when I have not received any statement in a sufficient amount of time.

byHouse Committee on Education and the Workforce Dem

My Rich Uncle Student loans – now two companies are billing me

jedwan — Fri, 02 Dec 2011 18:40:11 +0000

I had a student loan with My Rich Uncle. It was sold to Education Empowerment or American Education Service. Education Empowerment has an accounting company that handles their payments. I have been paying AES and Education Empowerment is claiming I owe them the debt. AES has my loan in deferment, Education Empowerment has me listed as delinquent and reported to the credit bureaus. GREAT! How can I find out who owns this loan and get this removed from my credit report?

Thanks!

Cree28

byEmbajada de Estados Unidos en Bolivia

Test of Faith at Seminary in the Form of Student Loans - Adult SweatShirt Medium

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Which student loan should I pay off first?

jedwan — Fri, 02 Dec 2011 18:38:27 +0000

I’m still in college and am not working so I don’t have a continuous source of income. I do have some "leftovers" from my pell grant. I went to school before to become a Medical Assistant which didn’t work out. I have loans from that school (one of which has accrued almost $ 900 in interest), as well as the loans I’ve taken out from being at the community college. With my leftovers, should I pay the one with the $ 900 in interest (principal is about $ 4300) or should I start paying on the smaller ones first? Remember that I don’t have a job right now. Any suggestions would be greatly appreciated!!

Thanks!

byChristopher S. Penn

ACS

jedwan — Fri, 02 Dec 2011 18:36:49 +0000

I have numerous student loans… My ACS loan is showing a 60, 90 late. This happened when I moved to another state for a job and didn’t recieve the loan info. It is my fault completely, but I have not missed a payment since… Been over a year… Any chance that they will remove the lates… Anyone have any contact information for ACS? Any advice would be greatly appreciated. I also have some Sirius lates with sallie Mae, but not expecting any help from them.

byHouse Committee on Education and the Workforce Dem

I am a single parent! I have a 1 year old and am 5 months pregnant with my second! I am planning to strt school soon to be a Pharmacy Tech! I got my school paid for but i need to get out like a student loan of some type to help me with bills while i am in school and will not be working full time! I have heard about these loans that you dont have to pay back until 6 months after graduation! Can anyone help me????