Student Loans

paying college loans?

Best answer from question by debra x:

Answer by Lisa C
Anything that the government implements would be solely on federal student loans. Private loans each have their own requirements that the lenders set.

You can always call your private lender to try to work out alternate payment arrangements, but that would be based on the lender’s willingness to work with you, not regulated by the feds.

Hope this helps!

What can I expect if I default on my student loans (60K)?

Best answer from question by MARKEEONE:

Answer by Koala
Well ganished wages and horrible credit.

Loan Consolidation question with NextStudent??

Best answer from question by Hiro Nakamura:

Answer by Kurt B
Did you get a TIL (Truth in Lending) statement? It shows how much you are borrowing, how much the interest rate is, what the payments are, how many payments, the total interest you will pay over the life of the loan and the total amount you will pay. If the TIL says 6.625% and you signed it, you are out of luck.

Unfortunately, loan brokers (people who help find you a loan, but don’t actually lend the money) can say pretty much anything they want. They can “quote” you a low fixed rate, but the actual loan contract determines what the terms actually are.

Check your TIL, if it says something different than your bill, you can contact a lawyer about getting the interest rate corrected…

Good luck.