Comments on: Unsecured Bad Credit Loans – Funds Without Risks And Credit Worries

By: tomiko

tomiko — Wed, 09 Dec 2009 16:48:49 +0000

With 20 years experience in the mortgage business, I have never seen a student loan that was in repayment treated any differently than any other long term debt. While you may be able to ask for a hardship deferal in the future, which is the only advantage on a student loan that doesn't exist on a standard installment loan, no lender wants to anticipate that circumstance. As long as the payments extend past 10 months in the future, the lender will only use your monthly payment as part of your qualifying ratios. The total debt is not that important and would only be a minor factor. What will matter more is your payment history on the student loan: it should be perfect. It all comes down to the quality of your credit history (your FICO score) and your qualifying ratios of debt/income.

Try this site

http://free-college-information-usa.blogspot.com/

Free College information on financial aid for students, scholarship, student loans and more.

By: Blogger

Blogger — Wed, 09 Dec 2009 09:22:27 +0000

I’m confused. Obama talked about capping student loan re-payments to approximately 10% of your annual income, and cancellation of debt after 20 years private, 10 years government service. However, isn’t that this plan? How is that “on the talks” plan different from this?

By: nacao

nacao — Wed, 09 Dec 2009 08:58:11 +0000

This is awesome. This will help A LOT of graduates.

By: Lyric

Lyric — Wed, 09 Dec 2009 00:06:55 +0000

I am in the same situation as you. Here is what I did.

Fill out your FASFA form online (www.fafsa.ed.gov). Add all the schools that you intend to attend on your FASFA. Different schools have different deadlines to have your FASFA submitted. The earlier you submit your FASFA the better so that you can meet the deadline for all the schools. You must obey your school's deadline not the federal deadline for your state. The school receives money from the FED and they prepare a financial aid package for all the students that meet their deadline and that are accepted. The student package consist of scholarship, Stafford and Perkin loans. This all depends on your family's expected contribution toward your education. Whatever amount extra that you need you have to get a private student loan which is credit base. Your parents could also take a student loan on your behalf. For private student loans try Discover student loans and sallimae as. Your school should have a list of all the lenders that offers private student loans as well as a list of scholarships that you can apply for. Good Luck !!!!

If your expected family contribution is zero and you are interested in working in undeserved communities after you graduate for a free education. Check out the following link:

http://bhpr.hrsa.gov/nursing/scholarship/applicantbulletin/default.htm#benefits

By: dillsteroo

dillsteroo — Tue, 08 Dec 2009 21:56:36 +0000

To get a student loan, your first step is to fill out the Free Application for Federal Student Aid (FAFSA). You should submit your FAFSA as soon as possible – you can make estimates and correct the details later.

Once you’ve completed your FAFSA, you’ll want to visit your school’s student aid office. Ask what kind of aid you might expect.

By: WPBlog Shop

WPBlog Shop — Tue, 08 Dec 2009 18:43:43 +0000

This is a great program for those with federal student loans. However, those with private student loans are still without ANY relief. I would hope that one day very soon our govt would allow us to convert these private student loans into federal ones so we could take advantage of IBR.

By: truth

truth — Tue, 08 Dec 2009 12:53:45 +0000

The person who created this animation deserves to have their job. Awesome work

By: rails

rails — Tue, 08 Dec 2009 06:09:07 +0000

IBR is a great idea…however 25 yrs of payments is too much. The time it needs to be to make payments should be 5 years max.

By: ♥Kiki♥

♥Kiki♥ — Mon, 07 Dec 2009 16:38:34 +0000

Depends on the length of the loan. Google "mortgage calculator" or
"loan calculator."

By: guzen

guzen — Mon, 07 Dec 2009 09:25:47 +0000

The one thing to research t is what happens when these loans are “forgiven”. As I understand it, the law presently has the ‘forgiven’ portion of your loan tacking on to your taxable income. So if you have been paying small amounts for 25 years then all of a sudden your going to be shoved into the million dollar a year tax bracket and own Uncle Sam some fat money.

The IBR website says this is still under review, but worth checking out b4 you make a decision.

Still looks like a decent program.