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Browsing the archives for the Student Loans tag.

Is it possible to transfer student loans to a different school?

Financial Aid
Jeremiah A asked:


I’ve become rather upset at the school I am currently at. I am looking to change schools very soon if possible. Does anyone know if student loans to another school as long as the new school is accredited? Or do I have to reapply for loans?Can you even transfer to another school that isn’t accredited but is the same course material?
I love mistyping. That should have asked whether anyone knows whether the loans can be transfered.

Gladys
3 Comments

How is it possible to deduct more than just interest on student loans?

Financial Aid
MIDegn asked:


I have 160k students Sallie Mae loans. I know I can deduct the interest, but how could one deduct the entire paid off loans? Could one do it through an LLC as an education expense, or perhaps pay cash for a piece of property, then take a loan against the property to pay off the loan? How could I possibly deduct the entire loan?

Rose
2 Comments

What are the best student loans to get prior to joining the Peace Corps?

Financial Aid
Jess F asked:


I am going to begin college soon & I will be financing it through student loans. I am attending college with plans of joining the Peace Corps. Any help on this subject would be great.

Jorge
1 Comment

What is the average amount of time it takes to pay back college loans?

Financial Aid
redangus22 asked:


I was living in a fantasy land when I thought those stupid little booklets that Student Loan Finance Corporation sent out for a payment plan, was all I had to pay. I never realized how many bloody years it actually took, until I called those creatures today. So, I’m wondering what is the average amount of time it takes for people to pay back their student loans? and why can you pay back a car loan for 20 grand in five years, but a college loans for the same amount takes 18 or something equally as insane? Thank you.

Alma
4 Comments

How do student loans affect a mortgage applicaton?

Renting & Real Estate
LadyLiberty asked:


I have $60,000 in various student loans, but since consolidating my combined payment is only $300/month. I have no other debt. Do lenders view student loan debt differently due to the flexibility of the loans? Also, would they look more at the total amount of the debt or the monthly payment when determining the rate and loan amount?

Norma
2 Comments

How many times can you defer your student loans with the federal government?

Financial Aid
quake1920 asked:


I just completed graduate school a few months ago and I consolidated my student loans from undergrad and grad school and it is time to start repayment on my student loans. How many times can you defer your student loans..I consolidated them with the extended payment plan which is 30 years?

Erik
3 Comments

Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?

United States
AG asked:


I know that student loan interest can be deducted.

My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?

Thanks!

Todd

3 Comments

Can someone explain to me how student loans work?

Financial Aid
ME!!! asked:


I don’t know anything about loans and I need some help. I want to go to make-up designory school in New York. It cost about $15,000. I’m most likely living on my own. Can I get money to help with housing cost and with school? The loan that the school has is Sallie Mae. CAn anyone give me some info on it? Also, I have no credit so can I still get a loan? How much do they give you adn how much do you have to pay each month? On the website it says something about repayment loans up to 15 years, does this mean you have to pay the loan off within 15 years? What happens if you don’t? What happens if you don’t have a credit worthy cosigner? Do they have to be living with you?

Thanks for any help you can give me!
What does:
intrest only payments mean?
defeered payments mean?
disburstment date mean?

Stephanie

2 Comments

How do I consolidate student loans from different lenders?

Personal Finance
phildarthebuildar asked:


I have three loans from three different lenders. Who would buy up all three of my loans and give me a decent interest rate? I have good credit.

Stacey
2 Comments

Are there any student loans that include the cost of paying off a car?

Financial Aid
RameelRaymundo asked:


I need to buy a new car, but I’m also planning on going to law school in Sep of 09. I’m planning on buying a modest entry level car for around 17-19km and planning to put 5000 down. However, when I go to school I wont be working and will still have payments. My question is, are there student loans available that could include the cost of paying off the remaining balance of the car at the time?

Adam
2 Comments
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