MFSL The Educator

[...] have no job in hand. An increasing number of students are finding it difficult to repay their student loans. You cannot file for bankruptcy for this loan and it has to be paid off. Defaulting on these [...]

[...] off to college, it’s easy to forget about the giant elephant in the room – your student loans. Student loans are a lasting remind of your four years of fun, friends and alcohol. [...]

[...] than federal loans, you might be surprised at how useful they can be. For instance, private student loans can help cover the rest of the cost of college if other loans leave gaps. There are some [...]

[...] common. Of course,there is not much you can do if you do not have the funds to repay your student loans on time. Still, it’s important to know the grave consequences of defaulting on student [...]

[...] out there for those who need help in paying for college. That option, for many, is getting a student loan. There are countless pros and cons of student loans. But the bottom line is this: if you can&# [...]

[...] . 2. Lying On Applications No matter whether you took out a private loan or applied for a student loan using the FAFSA (Free Application for Federal Student Aid), you can’t lie on your [...]

[...] who passed out with student loans in the year 2010, required to pay an average of $25,250. A student loan debt consolidation could be an outstanding support to college students who’re searching for [...]

[...] and financial aid, there is a chance you can pay for college without the need of a student loan. College life can be expensive. What some students choose to do is to seek a student  [...]

[...] sophomores. Go To Community College You can’t expect to load four years worth of a college education into three years. So the most logical thing to do is to begin your college education while [...]

[...] Most people are turned off by the high cost of a college education. It’s no surprise why. The cost of tuition continues to rise at the same time that the [...]

[...] Most people are turned off by the high cost of a college education. It’s no surprise why. The cost of tuition continues to rise at the same time that the [...]

[...] #8217;s going to get to the point where joining the military will be the only way to afford a college education. Will this ever stop? Without direct government intervention, it will not stop. You can [...]

[...] of monthly loan payments. Prior to obtaining a student loan, make sure that you apply for federal loans instead of private loans to pay your tuition fees. Federal loans come with lower rates of [...]

[...] to pay for your car or house. Although these loans typically have higher interest rates than federal loans, you might be surprised at how useful they can be. For instance, private student loans can [...]

[...] if you have no other recourse. This is because private loans can be much more expensive than federal loans you can obtain using the FAFSA. The interest rates can not only be higher, they may be [...]

[...] areas such as law or teaching, a few years of public service can reduce or eliminate your federal loans. Working for peanuts in the beginning of your career sure beats struggling for 30 years to pay [...]

[...] ’ll have the same credits as other university students, but without the burden of student loan debt. Of course, this plan can backfire if the credits won’t transfer or if the right [...]

[...] about venturing out into the real world of college, they probably aren’t thinking about student loan debt and the impact it can have on their lives. Instead of letting your son or daughter … [...]

[...] out into the real world of college, they probably aren’t thinking about student loan debt and the impact it can have on their lives. Instead of letting your son or daughter take on [...]

[...] different loan options: The Direct Consolidation Loan This permits students to combine all student loan debt (if it is eligible) into one loan under one lender, resulting in one payment. Direct [...]

[...] can be a very expensive proposition. Not only do you have to hassle with ever increasing tuition costs, you also have to, of course, pay for meals and lodging while you are in school. Add costs for [...]

[...] aid. It`s also not the best financial strategy to borrow money for non-school expenses. Tuition costs are high enough without adding additional debt. If you do get an uncertified loan for college, [...]

[...] can be a very expensive proposition. Not only do you have to hassle with ever increasing tuition costs, you also have to, of course, pay for meals and lodging while you are in school. Add costs for [...]

[...] based on current entry-level salaries for your degree.Compare 10% of that to what your loan payments would be and see if you are already over the limit. If you are, you could be in danger of [...]

[...] to get rich, but tutoring for just a few hours a week can add a nice chunk of change to your loan payments. 4. Live frugally Once people get out of school, they tend to head straight to the luxury [...]

[...] out of college, but in reality, entry level jobs often don’t pay enough to cover student loan payments. If that describes your student, there are things they can do to get help. Giving up on [...]

[...] certain, special circumstances. If you feel as though you will never be able to make your student loan payments and are afraid you will be overcome by debt, this is a worthwhile option to look into. [...]

[...] get out of college, but in reality, entry level jobs often don’t pay enough to cover student loan payments. If that describes your student, there are things they can do to get help. Giving up on [...]

[...] you will need a tax return. Depending on where you are from, only certain types of federal student loans may be available. 7.  Statements of untaxed income such as child support, interest [...]

[...] the knowledge needed to determine your best course of action. Here we have an overview of federal student loans, getting a student loan, Pell grants, and an abundance of applicable information to make [...]