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consolidating federal student loans

The commencement speeches will soon be over. The graduation caps and gowns put away, the gift cards used. The one thing that won't go away is the tens of thousands of dollars graduates owe in student loans. For most college graduates, the cost of ...

Pay student loans now - Riverside Press Enterprise

CLEVELAND -- Most students graduating from college finish up their 4 years with a degree and a lot of student loan debt. Not only are college costs skyrocketing, but policy changes from lenders could mean outrageous monthly payments on loans. For the ...

School loans: read the fine print - WKYC

Two major changes that will allow students to drastically reduce their loan payments are coming soon. To get the details, I spoke with Bill Penn, a non-practicing lawyer who gives career advice to students at Lewis & Clark Law School in Portland, Ore ...

Bargain Babe: Student loan payments get a little easier - Newark Star-Ledger

June 10 (Reuters) - The Obama administration and congressional Democrats are moving to tighten U.S. financial regulation to prevent another banking and market crisis. Changes will affect banks, hedge funds, exchanges and other segments of the ...

FACTBOX-Major US financial regulation initiatives - Forbes

G raduating into a barren job market is stressful enough. When massive student loans await, the rite of passage can be downright terrifying. Depending on the type of loan, graduates typically have about six months before the bills start arriving ...

The burden of education - Minneapolis Star Tribune

Since the formation of the first state, people around the world were trying to understand who is the most influential and the most powerful country in the world, country that make decisions on some of the most important issues related to our lives ...

Pertinent Historical Question: Which Country Really Rules The World? - Post Chronicle

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Consolidating Federal Student Loans Questions and Answers

Voting Question: Consolidating private student loans?

I graduate December 2010. So in 1 1/2 years. I'm praying & hoping that things get better, so my student loan repayment options are better. I will have $30k in federal & another $30k in private loans. I checked my credit & all accounts are in good standing (not sure of my score). I have a great co-signer (750 credit score & $90k income). This has helped me fall in the middle category in interest rates of private loans. I want to be able to consolidate my loans after graduation. Still a while away, but better to plan right? I'm consolidating them separately. I was wondering for the private student loan consolidation, with my co-signer, would it be hard to get qualified? Anyone have experiences they want to share? Right now I think only Wells Fargo & Chase are offering private student loan consolidations. Let me know please :) I hope more banks will be able to offer this program again as time goes on. more

Voting Question: I have federal student loans with AES but have experienced problems with their service.?

I thought about consolidating with a different lender...any recommendations? Sallie Mae is no longer offering consolidations. Thanks for your help! more

Voting Question: Consolidating student loans, private and federal?

I have my federal student loans consolidate with Nelnet, and a private student loan with Sallie Mae. I would like them all with the same company so I am only making one monthly payment. What companies are out there that I can transfer both of these loans to and possibly consolidate the two together? PS- Every time I talk to someone at Sallie Mae I yearn for the apocalypse, so I want to deal with a better company too. more

Resolved Question: Can you consolidate a private student loan?

I have one loan with ridiculous interest. They want to charge me 10,000 interest on a 6500 loan, over the course of repayment. Can I consolidate this with my federal stafford loans, for a better interest rate? It is really sad when spammers start invading Yahoo answers. 8 out of 9 were spam The last one answered but gave no explanation, source, or resources. So no one gets points from me. more

Resolved Question: Help with private student loans!!! I'm graduating this may and I don't know what do with my private loans.?

Okay, so I was a complete idiot when financing my education and now have a staggering amount of student loan debt, both federal but mainly private. I will be attending graduate school full-time in the fall and will NOT be able to afford my student loan payments. I feel so overwhelmed and trapped, can anyone PLEASE help in guiding me what to do. I've found plenty of information online about consolidating federal loans but am stuck with private. The loans are from Sallie Mae and Chase. Is it possible to defer private undergraduate loans while a full-time graduate student? Can I still consolidate private loans? If so, is it tough to get without a cosigner (a problem that has burdened me with outrageous interest rates throughout my education). Can you defer a consolidated private loan while in graduate school? What should I do?! Seriously, I'm so stressed about this problem it's making me sick. Please, only helpful answers-I know I was an idiot for putting myself in this situation, and I know I need to pay these loans back....I'm just trying to figure out how. : ( more

Resolved Question: Is it possible to consolidate both federal and private student loans into one consolidation, or do I have to?

do it separately? more

Resolved Question: Should I consolidate my student loans given this specific situation?

I have about $13,000 from Federal Student Loan Servicing at 3.96%. These are mostly subsidized, but I believe a small amount are unsbubed. From graduate school I have 23,000 from Sallie Mae at 6.3-6.8% Stafford, some are subed and some are unsubed. I often pay double or triple what I owe on the higher interest loans from Sallie Mae in order to get it paid off sooner because of the higher interest rate. If I consolidate and am able to pay double or triple on what I owe monthly will this be a better situation or should I continue to leave them split like this? These are all federal loans. more

Voting Question: What company can I consolidate me 3 private Student Loans?

I have 2 student loans with Sallie Mae that total $25,000 and an ACS loan that is about $20,000. Total I have about $45,000 dollars in PRIVATE student loans. I have about 10 thousand in federal but the Navy is going to pay them. Currently I am paying $300 a month to Sallie Mae, and beginning next month $200 to ACS. I would like to consolidate these loans to get a smaller monthly payment. I already called Sallie Mae and they no longer consolidate student loans. Who do you suggest I go through to get a consolidation? I'm almost 23 and have enlisted in the Navy so I will have good job security. I do not know my credit score but I have gotten a credit report and everything was in good standing, nothing ever late or defaulted. I MUST get a consolidation without a co-signer. Any info would be appreciated. Thanks more

Resolved Question: How can I consolidate private and federal student loans?

I have 1 federal loan for $16,000 and 2 private loans for $3200 each. I would like to consolidate all of these to 10-12 year loan. Does anyone know anyone who can do this with any nice incentives? more

Resolved Question: Will this student loan strategy work?

I currently have about 45k in federal student loan debt and about 20k in private student loan debt, and am considering enrolling in the IBR ( income based repayment plan) that becomes law this July. Under this law, I can take all federally backed loans ( subsidized and unsubsidized) and consolidate them, and then pay 10%-15% of my income for 25 years, when any remaining balance is forgiven. ( I am aware of the tax implications in year 25, and am not concerned; read on) I am starting law school this fall. With law school, I am eligible to take out stafford loans for tuition, along with grad PLUS loans for living expenses. This will mean a refund after tuition and books of around 8k. I plan to take out the maximum I can until my private school loans and consumer debts are paid off, and after I pass the bar, consolidate under the IBR and pay 10-15% of my income for 25 years. This way, no matter how much I borrow, I can never pay more than 10-15% of my income on student loan payments! This of great relief to me, as it no longer makes me fearful of the future in the way I once was... Before anyone gives me grief about "forking it onto the government," understand that I could care less. The govt. has been more than eager to bailout banks, insurance companies, and auto manufacturers, so why not take my piece of the pie? I don't believe people should have to pay for a higher education if they want one. This is a principle that I strongly believe in, and any statements that attempts to undermine that premise will be met with my not taking you seriously/ ignoring your post... I simply want to know: Is this a good strategy? Lauren F. : Good answer. However, I see this strategy as hedge against the possibility of earning such a high income. While I can be hopeful for such a high income, (six figures) in my region I believe starting wages are closer to 60-80k yearly. Obviously, at the end of it all I can choose to repay however I want, be it through the IBR or through more traditional means... Does my strategy make more sense considering these assumptions? more

Resolved Question: STUDENT LOAN INFO.. PLEASE HELP !!!?

i am getting married to my wonderful fiance Alexandra in 3 weeks, and I am and was aware that I will also be marrying a girl with like 54,000 dollars in student loans. she has like 27,000 from fannie may or whatever the place is called which is considered non federal, and another 17,000 which is federal. we are looking to consolidate these loans to have one lower payment, with better rates. anyone have any ideas, we are a young couple, we dont own a house, private banks, like pnc, wachovia, citizens bank wont give us a loan for so much money. are their any programs or people we can speak to about this? please help us out, we canT afford the 700.00 a month payments they will make us pay, and we dont want to default and ruin our credit. thanks! WE are also unsure about a fixed or a variable rate and which one is easier to get or more likely to be given out. 23 minutes ago HER DEGREE IS IN H.R. SHE DOESNT NOT WANT TO TEACH.. AND I DONT THINK SHE COULD WITH THAT DEGREE HERE IN PHILADELPHIA. more

Voting Question: COLLEGE LOANS!! please help.. i need a super smart persons advice!?

i am getting married to my wonderful fiance Alexandra in 3 weeks, and I am and was aware that I will also be marrying a girl with like 54,000 dollars in student loans. she has like 27,000 from fannie may or whatever the place is called which is considered non federal, and another 17,000 which is federal. we are looking to consolidate these loans to have one lower payment, with better rates. anyone have any ideas, we are a young couple, we dont own a house, private banks, like pnc, wachovia, citizens bank wont give us a loan for so much money. are their any programs or people we can speak to about this? please help us out, we can afford the 700.00 a month payments they will make us pay, and we dont want to default and ruin our credit. thanks! jared cant afford 700.00 a month.. sorry for the mistake! we are also unsure about a fixed or a variable rate and which one is easier to get or more likely to be given out. HER DEGREE IS IN H.R. SHE DOESNT NOT WANT TO TEACH.. AND I DONT THINK SHE COULD WITH THAT DEGREE HERE IN PHILADELPHIA. more

Voting Question: Who should I use for Federal Student Loan Consolidation?

I am looking to consolidate my Federal Student Loans in an effort to reduce my monthly payment (I am in the process of being approved for my first mortgage). Until recently, this wasn't something I was considering, but now having a lower monthly payment would be great. Any advice on a good company to go through for consolidation? How long does the process typically take? Anything else I should be aware of? I currently have about $41,000.00 in Federal Student loans (but also have private student loans) so...the lower the payments, the better off we will be. Thanks for your help! more

Resolved Question: Should I consolidate my student loans?

Hi! I make 33,000 per year. I have four loans (three of which are educational). Should I consolidate them? 4800 my truck at 7.99 percent (private loan) fixed 19760 direct loans unsubsidized (federal) 6.85 percent fixed 15000 sallie mae 1.45 percent but it's variable rate 7500 perkins loans 5 percent fixed what's the best way and order to pay these off? Should I consolidate them? i've been paying the income contigent plan for the 19760 federal loan and learned i havn't paid a dime of the princiap last year?!?!?! i just want to get these paid off i hate having debt. any ideas or suggestions? should i consolidate? more

Resolved Question: Student Loan Consolidation?

Hey guys.. I have both private and federal student loans from College. Currently, I have a hourly part-time job, and am able to fully pay my federal loans (and I'm putting about $25 extra on it each month to get rid of them just a tad bit faster), but my private loans have a pretty terrible interest rate and are relatively high. Currently, I am considering forbearance on the private loans, but will make about a 50% payment each month, and put about a ~25% in the bank (if I am able to.. I know some months I won't be able to). So many lenders are not agree to consolidate because of the current economy - but that would be SO helpful to me, and possibly allow me to make payments every month without forbearance. Any advice or information? more

Resolved Question: How do I consolidate a Private, Parent Plus and Federal Loan, under a different name, all being Student Loans?

One is a Private under my name. One is a Parent Plus loan under my dad's name. One is a normal Federal Loan under my Father-in-law's name. more

Resolved Question: In regards to my hefty student loan?

Ok i'm at a loss because i have a lot of balance on my federal stafford loan which i owe about $28,000 i know its a lot. I have consolidated my loan so i only pay the interest and its in repayment. I have been paying like this for the past four years. The balance of $28,000 i had 4 years ago is still the same exact balance today after paying monthly payment for 4 years!! Imagine that! And the school that i graudated from who took all my money on tuition failed to give me job or find me one. Now i have lost my job and i cannot pay this ridiculous loan. If i were to stop paying, will these guys try to sue me for this? I mean it was a student loan and not a car loan or anything like so they probably just destroy my credit score and thats it? My question is: What happens if a student who is behind on their student loans just like people who are behind on their mortgages failed to pay their student loan for more than 4 months? What type of action do they take against you? Thanks a bunch!! more

Resolved Question: Anyone other than Wellsfargo & Chase still doing private student loan consolidations?.?

I have a problem here and Iâ€™m hoping someone can give me some direction. I have about $50k in government backed (sub & unsub) student loans I used for my bachelors and masters. Those are now coming due and Iâ€™ve got an application into the US Dept of Ed to get a federal consolidation on them. I think that will be fine and roll into one manageable payment. BUT I also have another $70k in private education loans with a few different lenders that I needed to make up the gaps over the years. I need to consolidate those but it seems like not nearly as many lenders are doing private consolidations anymore??? I know why, the economy and credit conditions. Chase and Wellsfargo are still but I tried and they both denied me saying my debt to income ratio is bad. I have like a 750 credit score and about $60k a year in income and beyond these education loans though I have a small under $15k car loan and thatâ€™s it, no credit cards?? The several different payments spread out on these private ones are high and killing me. Does anyone know what I can do or where I can turn?? It looks like the Dept of Ed won't touch private loans either, tried that avenue...Thanks. more

Voting Question: can you consolidate student loans after repayment begins?

Can you consolidate the federal loans with private student loans? more

Resolved Question: Would the Income Based Repayment (IBR) program help my wife and I?

I have about $40,000 in federal student loans which I consolidated with a private lender. My wife has about $20,000 in federal student loans which she has also consolidated. We both work in non-profit fields: I take care of two men with CP and MR, and she's a case manager for troubled youths. From what I understand, we can consolidate again into a federal direct loan and then apply for IBR. Since my wife and my combined yearly income is about $40,000, I would end up paying 7.1%, or $236/month. When my wife applies for the IBR, she'll have to claim the same $40,000 as a yearly income and be put in the same 7.1% bracket and have to pay $236/month. Together that's $473/month--about what we're paying now. Am I missing something, or are we getting shafted because we're married? Is there any provision in the IBR that takes into account our situation? Thanks for your time. my wife and me, I guess I should say. more

Resolved Question: on where's my refund it says my tax refund was mailed yesterday February 6th.?

I defaulted on student loans for a good 2 years before i began acting like an adult. I consolidated my loan and it was bought by Direct loans. I am currently repaying on an income-contingent-basis around $93 a month.. and have been doing so for the past 4 months. It says on the "where my refund" that my check was mailed 2/6/2009 but at the bottom is a link for: Tax Topic 203 - Failure to Pay Child Support, Federal Non-Tax and State Income Tax Obligations .. is my refund being offset? I called the 1800 hotline and no offsets were in place.. but im still worried. more

Voting Question: Where to consolidate my student loans?

Does anyone know of a company that will consolidate or refinance both private and federal stafford loans, and is currently taking applications to do so. A few of the places i have tried say they are not accepting new applications at this time. My loans are currently with Sallie Mae and I would do just about anything to never have to talk to that company again. more

Resolved Question: Consolidating defaulted Student Loans ?

I am in the process of consolidating 2 defaulted student loans, can my federal tax refund still be offset to pay these? more

Resolved Question: where to find out information about your student loan?

well, it was recently brought to my attention that i have been very very behind on a perkins loan.I have put all my other loans in deferment and the reason i havent put this in deferment as well is because i never recieve d any paperwork or letters about it. I need specific information such as lenders and address so i can consolidate it... my question to you is: is there someplace i can look online to find out which federal loans are under my name or something? because i have no leads to anything about this loan and would like to get it handled nowish more

Resolved Question: Need to consolidate student loans. Please help!?

I have 4 difft student loans. I need to consolidate into one payment. I need to still have the option to defer later when return for grad school. The ting is, I want a really good interest rate and I have difft types of loans. I have private loans and other loans. I have salie mae, federal direct, iowa student loan liquidity, and ECSI. Really need help on who to consolidate with and which loans I can consolidate. Please help more

Resolved Question: I consolidated my federal student loans many years ago at 9 percent. If I take out a small college loan...?

Can I re-consolidate at a better rate? I can take two courses at the local graduate school, take out a tiny loan, and then re-consolidate? Any non-spammer will get 10 points. more

Resolved Question: Student loans: Federal Unsub, Parent Plus, & Private?

I'm in a situation where I need to come up with $5500 (housing expenses). I'm thinking of accepting the $2000 Federal UNSUB loan (fixed 6.8% interest, payed as soon as the school receives the money). After reading other questions, I think Federal Unsub would make it possible to consolidate all of federal sub and unsub loans after graduating. Do you agree? Also, to pay off the difference ($3500), should I take The Parent Plus loan (fixed 8.5%) or CitiAssist Private loan( varies from 4-25%)? Thanks. more

Resolved Question: If I die, will my cosigner (mom) still have to pay my private loan?

does it depend on which way I die? like if I'm ill, accident, suicide or something? I remember reading somewhere that if the student dies, the federal loan is consolidated but I don't know about the private ones. I don't have my contract with me neither. Hibo: what if I didn't even graduate yet? is there anyway that my family could have it forgiven? I'm afraid that if something happens to me they have to deal with my stuff, I don't even know if my soul would be in peace for this. more

Resolved Question: Looking for Student Loan Consolidation now that Sallie Mae isn't offering it anymore.?

I consolidated my student loans through Sallie Mae a few years ago, and I recently convinced my roommate that this was the right thing for him to do, too. The only problem is that Sallie Mae is no longer approving consolidation of student loans. I was wondering if anybody knew of another well known company that would consolidate both federal and private loans. I'd prefer that these not be any sort of sketchy or unknown companies, and would rather not sign up for one of those services that distributes your information to different companies - I want to be able to go directly to the source. I was thinking that perhaps Citibank or Chase would have an option like this. Anybody know of a great company for consolidating these loans? Thanks. more

Resolved Question: Can private and federal student loans be consolidated into one loan?

Resolved Question: Defaulted on Student loans need to get out of default ASAP. HELP!?

I have a $21,000 Federal student loan and $2,123 private loan in default both from college. I'm going back to school Fall of 2009 and I need to get it out of default ASAP. What company would help me? I don't want loan rehab because it takes 15 mos....I need to consolidate and bring it out of default no later than April 2009 so I can go to school. Basically, is there a company that would allow me to put down a substantial amount of money to bring it out of default like within a month?????? I'm desperate to go back to school! more

Resolved Question: What is the best bank to consolidate student loans with?

Hello. I am a recent law school grad with 120k of student loans (both private and federal) and I'd like to find out a way to consolidate my loans and hopefully lock in a lower interest and payment rate. Does anyone have any good advice on which bank to chose and how to go about consolidating? thanks! more

Resolved Question: Paying back my student loans, inflation question.?

I have 10,000 in federal loans I'm consolidating to a 6% interest rate. My payments start out at 56 a month, but go up every 2 years for 15 years. I play on paying more than the minimum, but decided to keep a low minimum in case things go wrong down the road. My question is, over the next 15 years, inflation will rise. Do they raise the rate or amount due to inflation? The rate is fixed more

Resolved Question: How do I consolidate student loans to low federal interest rate?

So the feds slashed the interest rate to near zero. My current student loan has like 6% interest rate. Is it possible to get a new loan for the low interest rate? more

Resolved Question: Where can I find information on student loan consolidation, both private and federal?

I have about $50,000 in student loan debt multiple student loans. About half of my debt comes from federal loans (both subsidized and unsubsidized), and the other half is from two separate, private lenders. I graduate in May, but I can't find information on consolidation. I already have a full time job after I graduate, but making multiple minimum payments to different lenders seems a little ridiculous. Does anybody have information on how I can consolidate my loans into one loan? Most consolidation programs only let you consolidate your federal loans. Like most recent college graduates, I won't have any collateral to take out a "conventional" loan from a local bank. Also, I would like to do this from a company that will keep the loan classified as "student loan debt" to take advantage of the tax benefits. Thanks for any advice you can offer. ** I am aware of the pros and cons of loan consolidation. I would like to explore this option for having the convenience of one payment as well as having the option of a lower monthly payment more

Resolved Question: Is there a way to consolidate all debts to make one payment?

I currently have an auto loan @ 7% interest(can't sell car because loan is higher than value), 1 credit card @ 16.9%, a federal student loan @ 3.7%, and a private student loan @ 17.95% in addition to rent & utility bills. What are my best options to reduce my payments? I'd like to make one payment if possible. Please help! I'm living paycheck to paycheck and I can't build any savings due to all these payments! Oh yah, I don't mean to consolidate my rent & utilities, by the way. Sorry, just mentioning I have too much debt... more

Voting Question: Consolidate my student loans - when is the best time?

I have federal student loans. I graduate next week and one will come due next month since it is the loan from my A.A.S. Degree. My other loan will come due in six months. Should I wait and consolidate the loans right before the six month time frame or do so now? I'm in a bit of a money crunch as it is difficult to find a new job but I also want to do the right thing. Thanks for you help! more

Resolved Question: Student Loan Consolidation Help Please!?

I am a May 2008 graduate with a significant amount of debt. Because I transferred, I have over $50,000 in a number of private and federal loans from different companies in two different states. I just have a few questions about consolidation. 1. Can you consolidate both federal and private loans into one? 2. I just started working, so I don't make that much, do you think consolidation is a good option? I can make the payments, but it makes everything else a lot tighter. 3. If I consolidate, what companies can I trust? 4. What companies are best? 5. What if I go back to grad school later and need to take out loans again? Can I add to the consolidation? Or does something else happen? Any information will help. I am trying to be responsible and budget, but having a number of student loans is making things pretty difficult. Thanks in advance! more

Resolved Question: Are there any legit lenders out there that consolidate school loans?

I tried to consolidate my school loans through Sallie Mae, but found out that they even quit consolidating student loans. I realize that I need to consolidate all my federal and private loans separately. more

Voting Question: Please help!? Can I still consolidate my student loans??? Is it too late!?

Hi all. I graduated in May. I feel so stupid. The 6 month grace period for the direct Ford Loan I took out just ended about a week and a half ago!!! There's no way I can pay the amounts of federal loans without consolidating the payments into smaller payments per month! The 9 month grace period for the non-direct Federal Perkins ends in March. more

Resolved Question: If I consolidated all my federal student loans through a bank can I file that loan on my bankruptcy?

I want to file for Chapter 7 I have no assets about 20k in revolving debt, 10k for a car repo, about 70k in medical bills and about 40k in student loans which I consolidated and have currently deferred payments so they are current but I want to add those to my chapter 7 does anyone know if I would be able to? more

Voting Question: Sinking deeper into......?

I graduated from college in June this year and now I still cannot find a good pay job to pay back these sh**ty student loans. My monthly payment is going to be $579 a month, and it's going to start in December. I'm so pissed right now. No Fukin job in the world!!!!!! Anyway, I am trying to get all my loans consolidated, anyone here knows any great companies that can combine all my loans in one payment? by all my loans I mean, my private loan and federal loans. I want them all together. I'm about to be homeless with all these bills, seriously or maybe I should just kill myself and get it over with; no more credit bills, no more card student loan, no more car payment, no more useless car insurance. I don't know what to do. I keep sinking deeper and deeper each day into depression : ( more

Voting Question: Will Student Loans (federal) drop in interest rate again next summer?

All Fed. Student Loans went down in interest last summer. Do you think they will go down again next summer or is this the best time to consolidate? more

Voting Question: consolidate my defaulted federal student loan?

Good people.... I have made about seven consecutive payments on my defaulted student loan with the hopes of "rehabilitation" . I THOUGHT that I was currently in a rehabilitation program to be "title 4 eligable" . However I recently found out that I must now request or petition to let my new repayments be toward (TITLE FOUR ELIGIBILITY) -be able to attend classes and obtain financial aid (!!) . At this point I am seriously considering possible consolidation.. I need all the advice on how to go about consolidation and hopefully be able to receive more financial aid so I could be down for the spring session. more

Resolved Question: Can I consolidate undergraduate student loans and get them deferred while in graduate school?

I am an undergraduate senior student and I plan to go to graduate school next year. I have about $50,000 in loans both federal and private through different lenders. I want to combine the payments but get it deferred while in graduate school. Help please more

Resolved Question: Should I consolidate my Student Loans before requesting Hardship Deferment?

I have been out of college for about a year and a half, after earning two B.S. degrees (Mathematics, B.S. and Computer and Information Systems, B.S.). I owe around $12,000 in Federal Student Loans. I have been unemployed since I moved (about three months now) and can no longer make the monthly payments. Could someone please give me advice and references that I may consult on dealing with this issue. Thanks. more

Resolved Question: Student loan consolidation question...?

I have a government loan (the Ford Subsidized Loan) and a private loan (the SELF loan). I was told that I couldn't consolidate with a federal and a private loan. Is this true? Can anyone give me any insight to student loan consolidation? My loan payments will be starting in early December for the Ford loan, so I would like to figure it out ASAP. I have an excellent credit rating and I have always made my loan interest payments on time. I don't know if that helps or makes a difference. Thanks!! more

Resolved Question: Struggling in Debt..what can I do?

I have 35,000k in debt. Most is unsecured debt but this amount does not include student loans which is a decent amount. I make 30k a year but I'm barrely keeping up with my bills. Tried negotiating with my creditors but some were helpful some were not. But see im hanging in there except for one big problem. My federal student loans for this semester dont cover all my classes and I DO NOT have the money for pay for the remaining tuition. Ive tried getting a private student loan and consolidating my debt but got dissaproved. I dont have bad credit but too much credit. If I dont go to school in 6 months my student loans will require payment. I want to go to school and that is what is most important to me. A second job might help me pay it but wouldnt be able to go to school. Im thinking of filing Chapter 7 for get rid of all my debt. I understand wont get rid of my student loans which is fine. I will be able to pay my tuition if my debt gets erased and can spend the remaining years studying for my degree while rebuilding my credit. Ive tried A LOT to consolidate and lower my debt but its come to a point where i dont have money for school and my parents would love to help but can't. Any recommendations? Chapter 7 bankruptcy? Thank you all. i know i won't qualify for any private student loans but my job would suffice. Even if I have bankruptcy or bad credit on my record does that affect Federal Stafford Loans? I thought those were Govt Loans that werent based on your credit. If I dont go to school my loan payments would be due in 6 months and won't have any money for my current obligation or student loans. Either way I think my credit would take a beating anyways if I leave it as is. more

Resolved Question: How do I consolidate loans?

I have a bunch of student loans. Some federal, others private. I have no idea how I consolidate them or what is the best way to do it. Can anyone help me out and give me some advice? more

Resolved Question: Can you recommend a company that consolidates both private & federal student loans in repayment?

I have quite a few student loans, both federal & private that are in repayment. I feel like I am sending out a million payments to a million different loan companies every month. Problem is the total combined amount of all the loans I own from college amount to a great deal, and I am having trouble consolidating them with one company for ONE easy payment. Another thing I like about having one payment is that I can monitor interest rates, and make sure some of the principal is being paid. Can you recommend a company/bank that you've used in the past with great results? more

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