Ok, I was just reading an article on Time magazine about Bush signing a new student aid bill.

http://www.time.com/time/politics/article/0,8599,1666124,00.html?xid=rss-topstories

“It also cuts in half the interest rates on federally backed student loans — from 6.8 percent to 3.4 percent — over the next four years.”

I am a second year grad student on a four year program, and my stafford loans are currently on 6.8%… can I take advantage of this bill? if so, will it be through consolidation when I finish school? or is this in effect before I finish school?

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i need some info about “debt-consolidation loans”. im trying to get a loan and i’ve heard that these are have low and fixed rate of intrest. but i don’t know if they are staffurd loan or not.[federal pays the intrest while im at school?]
btw if anybody know a good student loan let me know, so i can apply…

If that is what it takes to improve your life, you should be proud you did it. Fortunately for all of us stuck with student loan debt there are federal student loan consolidation programs that can cut your student loan payments in half.

These programs will combine multiple loans into one loan which not only will save you money but it cuts out the hassle of multiple payment to multiple lenders.

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If I consolidate my student loans with a private bank can I still write of the interest as a tax deduction?
I am already graduated and scheduled to begin payment on the loan in April. I am currently trying to get it deferred for a few more months. If I consolidate these loans with a private loan can I still write of that interest on my taxes?

Hello,

I have 3 students loans that I have accrued throughout my college career. I recently graduated and have begun thinking of repayment options. Two of the loans are government loans, and one is private, Stafford Loan, Perkins Loan, and NJ Class loan respectively.

I was wondering what the best option was for repaying i.e. loan consolidation or paying each loan separately. The Perkins I would not include in consolidation as it experiences a fixed rate of approx. 4%.

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Today, credit card is not a symbol of luxury anymore. Credit card is a great convenience, meaning that you don’t have to worry about cash when making a purchase. Even though that the requirements of getting credit card are so strict for students, but many credit cards issuer still giving a chance to let them have their own credit card. Student credit card can be used the same way as a traditional credit card, although it do come with certain restrictions and limitations that other credit cards don’t normally have.

Most banks and credit cards issuer requires co-signer for student credit card application to avoid risk in the future. This person will sign on the loan with the student, and will be the person who will pay the bill if the students are unable to do so. Usually parents will be as co-signer to back up when applying for student credit card in case the students cannot afford to do the pay out.

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They come from countries where child labor, pollution, slave wages, and dangerous working conditions, are still legal. Places that do not guarantee an education to their citizens or if they do, only do it up to the 8th grade.

In comparison, America has:

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I have a very average credit score, 689 I believe. I have some negative history on my credit report. My wife passed away in 2003. In 2005 I had a stroke and was hospitalized for a long period of time, became severely depressed and was in rehab for several months. . While I was still in rehab I wasn’t sure if I would ever work, and actually applied for SS disability. When it came down to finally ruling on the disability I elected not to go thru with that as I was getting better and felt I could return to work. Unfortunately I let my concern about paying off my credit card accounts get the best of me and I utilized a well advertised credit service to settle my accounts. Some I paid off in full but I have some charge offs on my credit report.

I am a self employed medical professional. I have a contract with a local hospital and my gross income is around $340K annually. I have an outstanding loan for a vehicle and some small student loans for my oldest daughters college education. I have no current mortgage, as I recent sold the house I own in another city.

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I have a default student loan, a college dorm charge off, $500 for an old bank account, Old Sprint Cell Phone, Old power bill.—Pretty much every piece of credit that I got—i destroyed.
I think that my score is below 400.
Is it a pipe dream to fix this mess and assume that someone would give me a house?
What would my steps be?? I do not want to go to a Debt Consolidation Agency because i have heard so many bad things.
Please help!!!! I know that I messed up royally but I need facts on how to fix this nightmare!!!!!!! Please advise–serious answers only!!!!!