Proud of My Six-Digit Student Loans

Rants like these about evil student loans (these examples by ToughMoneyLove) are how holier-than-thou people feel about student loans ... private schools. At one point, my loans were well over 100K. Today, I'm in my mid-twenties and debt free ... . That's the problem with one-size-fits-all personal finance. As for risk, Ramsey hates all student [more...]

Date: 2009-01-13 14:20:59

Blog posts (337) | Videos (221)
 

Online Student Loan Consolidation Methods

By Adam Boulton It is commonplace for students to avail of students loan, considering the increasing expenditure incurred on education ... into one to at least reduce the tension and burden. consolidation debt loan unsecured When so many ... . Generally, students utilize more than one loan programs and eventually end up with paying many [more...]

Date: 2009-01-14 15:30:12

Naughty and Nice

It's undeniably been a busy year for higher education with financial crises, continued student loan controversies, ... , Pennsylvania, and others are all looking to slash spending on higher education. Student Loan Panic ... followers of the student loan market this year. When credit and asset-backed securities markets froze [more...]

Date: 2008-12-18 22:20:06

What Happens When You Default on Your Student Loans?

As the economy tanks and employment skyrockets, the number of former students struggling to pay off their student loans is likely to grow, too.  While failure to repay any debt can have serious consequences, not making payments ... student loans are one of the only forms of debt that cannot be discharged in a claim of bankruptcy [more...]

Date: 2008-12-15 17:38:59

Want to Consolidate a Student Loan?

Just finished school and now it’s time to start paying on those Student loans fall into two categories. 1 ... consolidation services. A federally funded student loan also cannot be consolidated with credit card debt. If you are considering consolidation of your student loans, gathering the appropriate [more...]

Date: 2009-01-08 02:29:44

Repaying Your Student Loans

This entry is part 2 of 2 in the series Student LoansStrategies For Paying Back Student Loans “60 percent of 2007 college graduates had student debt, each taking on an average of $22,700 in loans.” —College Board Report “Default rates ... who leave college with a lot of debt.” — EducationSector Student loans are often easy [more...]

Date: 2008-11-18 17:43:48

Student Loan Consolidation Program

Student loan consolidation program for university and college students is an important option, especially if they find themselves suffering from serious financial situation. Definitely a student with a lot of college debts staring his face can become stressed with such heavy financial load [more...]

Date: 2009-01-15 15:08:21

Small Business Administration - Financial Assistance

Our Fast Business Loan, unlike traditional bank loans, has less stringent requirements, faster approval, and no closing cost or fees ... Loans Business Loans Debt Consolidation Services Mortgage Loans Personal Loans Student Loans ... or for investment.Still, some investors in distressed debt, that a sign of a softening economy.That means every [more...]

Date: 2009-01-13 05:40:15

Welcome Back Cuomo

It's been nine months since we last heard from New York Attorney General Andrew Cuomo on student loan issues, ... . For example, one such letter from Goal Financial, a student loan consolidation company that Cuomo ... of settlements with student loan companies, he once again demonstrated his willingness to step [more...]

Date: 2008-09-11 22:25:05

Get Ready to Consolidate Your Student Loans

If you have variable rate student loans, mark July 1, 2008 on your calendar ... . Since many lenders no longer perform student loan consolidation, you may be better off starting ... , and I’ll be happy to pay it off. Earlier this month I sent $750 to student loan repayment [more...]

Date: 2008-06-23 21:00:52

Tell All Tuesday - Crazy Economy Edition

As I predicted last week, we haven’t made any new payments to debt this past week, ... (including snowflakes to the student loan)  for September.  I have about $170 in survey payouts and blog ... after all after the first student loan is knocked out.   My spouse’s student loan should be paid off [more...]

Date: 2008-09-30 19:07:16

Ten Things to Do With $1,000 (Plus 21 More)

If you’ve suddenly come upon $1,000 you didn’t have the day before, you may get the urge to celebrate ... your student loan debt. This month, I again increased my monthly payment to my student loan debt. This student loan is currently the only debt I have, and I no longer qualify for a tax reduction [more...]

Date: 2008-09-15 12:00:04

A Hazardous Student Loan Bailout Plan

If you haven't heard yet, Treasury Secretary Henry Paulson quietly inserted a provision in his $700-billion bailout plan designed to come to the ... student loan borrowers take out a private loan before they exhaust safer, cheaper federal Stafford ... rescue of struggling student loan providers. While virtually no details of the plan are yet [more...]

Date: 2008-09-24 18:17:00

Welcome to Freshman Year (Of My Student Loans)!

Been meaning to look into this for a while...especially since reading Shtinky's post on finally being above water on her student loans ... over $45k! And according to Aunt Sallie, I only took out $2,625 in student loans to pay ... my principal loan balance down to $70,110.Ah Freshman year. Dining hall food, dormcest, R.A.s, everything [more...]

Date: 2009-01-14 20:00:00

Does The Economy Make You Want To Pay Off Debt Or Build Up Savings?

Editor’s note:  I set this post to publish yesterday and made the classic “New Year” mistake of setting the date to 2008! ... , and then systematically started debt-killing.  First the credit card, then one student loan, then the car loan.  Now, we’re left with a $10000+ student loan, and a minimum payment of $145 versus [more...]

Date: 2009-01-09 15:08:06

Posts about Forbearance as of July 22, 2009

Become Eligible To Win $25,000 To Pay Off Your Student Loans In 4 Easy Steps! – lowinterestloans.hblblog.com 07/22/2009 by Batiyah Yisrael It sounds too good to be true, doesn’t it? To have the whimsical student loan fairy automatically and effortlessly wipe away $25,000 of your school loan. Wow, I caught myself daydreaming a bit there. As unbelievable as it sounds, there is a student loan company who is doing just that. [more...]

Date: 2009-07-22 12:02:58

Prepping Kids (Part 3)

Essential Money Skill #4: How to manage bills and other paperwork ... a payment on a credit card, being late with a bill payment, or not keeping track of her paperwork ... with him. Create a Student Loan File which includes all student loan information, a projection of how much [more...]

Date: 2009-01-07 11:48:49

Tell All Tuesday - Bye Bye Student Loan Edition

Well, my spouse’s student loan, anyway. October is a three paycheck month for both my spouse and I ( ... our furnace died, so instead of that extra paycheck going towards debt, it went towards a new ... in and looked at the 10-day payoff number, it said $2601.54, so I clicked on the “Make A Payment” button [more...]

Date: 2008-10-07 18:29:50

Paying My Student Loans

This post originally appeared on January 23, 2008. It explains how I’ve managed my American student loan payments as an expatriate in France ... with me when I moved to France: my American Visa and my student loans. I have paid off my credit card, although ... . Then it finally hit me- my father owns a store, and has the ability to charge credit cards [more...]

Date: 2008-12-25 11:00:02

Number-Crunching the Effects of Student Loans

College Scholarships.org has the bad financial news for college students explained simply and graphically below. The immediate effects of student loans are explained, as well as the long-term effects (the ones you thought you’d be done thinking about that many years down the line). I’m hoping that the nationwide foreclosure situation has educated everyone as to what happens when people are allowed to borrow beyond their means. [more...]

Date: 2009-09-28 22:01:51

How To Pay Down $83,306.89 in Student Loans

I have been out of college for about 2.5 years now and made a little bit of progress on my private student loan ... from you) against my private consolidation loan. So the goal is looking at a minimum of $16,800 going ... but not impossible. How are your numbers looking for student loan debt remaining? Private or federal [more...]

Date: 2009-01-07 20:00:00

6 Steps to Doomsday: A Great Depression II Scenario

I have to get this out of my system. BP’s interview with historians Michael Allen and Larry Schweikart helped assuage my fears some ... , out of money, default on their mortgages, car loans, student loans, credit card loans, etc. Bond ... access to credit, you can’t get that loan to start up the new business you’ve been planning [more...]

Date: 2008-10-07 18:00:29

Hard Times for Student Borrowers

Kelly Lynch, a former Columbia College Chicago film and video major, is paying educational loan lender Sallie Mae $600 a month, ... loan lender suspended its student loan consolidation program in April. The policy shift left many ... about 1 percent of his total student loan debt of $60,000. Though Lynch, 21, never received [more...]

Date: 2008-06-30 16:02:42

There Are Worse Things In Life Than Student Loan Debt

by William Blake The negative effects of student loan debt on recent college graduates have been well reported on ... people may present opportunities to you, giving advice on how to eliminate all of your debt related ... organizations and speak to one of their debt specialists. They can help you with consolidation loans [more...]

Date: 2009-01-15 10:47:03

Measure of Relief

The US government has several new student loan schemes to make debt less debilitating. ……… Daniel de Vise reports …………… Suzie Dundas is at that stage of life when student loans loom larger than car leases or electricity bills. The $390 monthly payments seem to stretch into perpetuity. They are her largest monthly obligation aside from her rent, which Dundas has decided she can no longer afford. She is about to move in back with her parents. [more...]

Date: 2009-09-06 11:04:18

Bernanke Acts While Paulson Dithers

bernpaul1.jpg Today, in yet another transformation of the ever-changing Troubled Assets Relief Program (TARP) ... to creditworthy consumers,” by extending relief to holders of “auto loans, student loans, credit card loans ... to a plan being implemented by the New York Fed that is aimed at easing the current credit crunch. The NY [more...]

Date: 2008-11-25 19:26:04

Depending on a Student Loan Without Cosigner When Nothing are Possible

Choosing a post-secondary course will provide you with a variety of options. After seeking advice from a guidance counselor before graduation day, there are many modes of financial assistance available for the college bound individual. Student loans no cosigner may be the only reasonable option for you once you have researched about scholarships, grants, work programs and other types of loans. Without a strong credit rating, getting this loan may be difficult. [more...]

Date: 2009-09-18 14:21:50

Get Paid To Get People To Fill Up Forms!

Hey, have been down with a bad flu lately so I was not able to post on my blog lately. I am back now with more great stuff to share with you ... Of Website They Have Payday Loan Auto insurance Debt Home Improvement Auto Loan Insurance Mortgage Loan Renter Insurance Student Loan Consolidate You will noticed most of it are in the load [more...]

Date: 2008-09-11 01:57:22

Weekly Roundup and Carnivals

Again it’s time to roundup posts I read this week and carnivals I participated in ... @ HighEducationWebBlog talks about “Student Loan Forgiveness“.  A must read for anyone in student loan debt. I had no idea peace corps and americorps had loan forgiveness if you worked for them. Kay Bell [more...]

Date: 2008-11-07 16:00:00

Leaky SIV

There is a $2billion bid list circulating through the market for the liquidation of a SIV. It is mostly credit card paper and student loans ...       78442GLA2      110mm   3.7yr student loan SLMA 2004-3 A4      78442GLG9      125mm   2.6yr student loan [more...]

Date: 2008-10-01 15:27:01

John McCain - What Will He Do With Your Money?

We are currently examining the economic policies of the presidential candidates ... be forgiven, and the new loan would be backed by the FHA. Protect student loans: The goal of McCain’s plan is to make sure that student loans are available during the credit crunch. Federal Spending [more...]

Date: 2008-10-28 17:05:46

Passin’ the Buck

My morning ritual combines breakfast and channel surfing, to get a flavor of what we used to call the “mass media” considers newsworthy ... administrators of the federal student loan program. ASA has put forth a proposal for federal student loan reform ... is on the up and up, interest rates are high, repayment options are limited, and students face the [more...]

Date: 2009-01-13 14:15:10

House shines light on student bankruptcy

“Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt. Did you know that because of legislation dating back to 1976 under the Higher Education Act private student loans are unable to be discharged through bankruptcy? In other words, feel free to run up the credit card and splurge, but take out loans to pay for education? That’s just reckless. [more...]

Date: 2009-09-29 02:57:21

Five Things That a Generation X Financial Planner Did, That You Can Too

This is a guest post from Jeff Rose, an Illinois Certified Financial Planner(TM) and co-founder of Alliance Investment Planning Group ... student loan and credit card debt at ease.  Luckily, I stumbled into a career as a financial ... students graduate with a combination of student loan and credit card debt. Most of us are just kind [more...]

Date: 2009-01-14 15:45:19

40 Money Tips for College Students

I remember the first day I set foot at college, it was a mixture of excitement and fear at the prospect of being on my own ... , myself included, this means graduating with some student loan debt (I had and still have over $20k in student loans) but that’s OK. Avoid credit card debt at all costs. Consider this, if you owe [more...]

Date: 2008-09-24 11:43:57

Certifiably Weak

Congress took a small step this summer to try to prevent students from taking on unnecessary private loan debt ... out the advice of their financial aid administrators before taking on expensive private student loan debt ... the lives of their loans. Unfortunately, direct-to-consumer private loan providers lobbied [more...]

Date: 2008-10-14 20:25:06

What you need to know about repaying your student loans

For those of you whom graduated this past June, the grace period on your student loans is coming to an end ... loan (Perkins or Stafford), you are entitled to a discounted interest rate (usually .25 ... expenses.  Here's a run-down on the options: >> Level Payment Plan: The total amount of your loan [more...]

Date: 2008-12-30 23:08:33

TARP II: The Wrath of TALF

In normal times the Federal Reserve responds to crises by using teeny, gold-plated hydraulic levers to raise and lower interest rates ... which it will lend up to $200 billion to support the issuance of debt backed by consumer and small-business debt -- such as credit-card loans, student debt, auto loans and loans backed by the Small [more...]

Date: 2008-11-26 15:35:02

Southampton vs Man Utd Highlights Video

.fullpost{display:inline;}Southampton 0 - 3 Manchester United20' 0 - 1 Goal Danny Welbeck37' Matthew Paterson Red Card 48' ... , but Bobby Stokes' goal gave the south coast side a 1-0 victory and their only major trophy.Personal Loans,Cash Advance,Auto Loans,Student Loans,Debt Consolidation,Credit Cards.Danny Welbeck [more...]

Date: 2009-01-04 12:53:00

TARP goes TALF as FRBNY lends against AAA ABS

For all those people out there who want to know why they're not seeing more of this government bailout money directed at ordinary folk, boy do I have an acronym for you. Meet TALF, the Term Asset Backed Securities Loan Facility ... gin up lending for things like auto loans, student loans and credit cards, essentially disappeared [more...]

Date: 2008-11-25 16:23:55

Fifth Third Bank Involved in Student Loan Scandal

Fifth Third Bank could potentially lose its right to participate in the Federal Family Education Loan Program, the Department of Education’s program that allows private banks to offer Stafford Loans and PLUS ... Student Loan XPress entered into eligible lender trustee agreements with three lenders: MSA Solution [more...]

Date: 2009-01-08 17:40:15

The Check is in the Mail

I got an interesting assortment of mail today, and I thought it represented my financial life so accurately that I had to share with you ... bill obligation spreadsheet. Next was a monthly statement for my new student loan. My payments don’ ... was cashed. I also got a letter from one of my American student loans. Shall we just say [more...]

Date: 2008-10-15 10:00:45

My Bad Experience of Applying Private Student Loan

I didn’t enter to local university to further my study last time, ... . At that time, I have to get the private student loan from bank because my family has financial problem ... ’t apply for private student loan and we borrowed some money from my mother’s sister. This is bad [more...]

Date: 2008-10-16 03:54:12

Should we deviate from our goals?

At the end of 2007, I set out goals financially for us to achieve here ... .  But we recently were approved of course for another $8500 Subsidized Stafford Student Loan for DH’s part ... - done Not take out student loan of $8500 - debating All cash month - done It’s not yet the end [more...]

Date: 2008-07-28 15:33:40

Charge it

BACK in October, my colleague in Los Angeles wrote, apropos of the government's puchase of a stake in Capital One: ... -Backed Securities Loan Facility, which will lend as much as $200 billion against new or recent vintage asset backed securities collateralized by "student loans, auto loans, credit card loans [more...]

Date: 2008-12-01 20:46:10

Exclusive: Higher Ed Watch Reveals the Man Who Blessed the 9.5 Student Loan Scandal

Regular readers of Higher Education Washington Inc. (HEWI), a pro-student loan industry publication, were probably not too surprised by a recent blurb it ran discouraging lawmakers from reopening the 9.5 percent student loan case. After all, it's hardly [more...]

Date: 2008-10-08 18:20:22

Rule of Thumb For Reasonable Housing Costs?

In an earlier post on motivating myself to work harder, I had thrown out a piece of “common” financial advice: ... from a mortgage calculator. The “other debt” is the sum of your other recurring monthly liabilities - car loans, credit card balances, student loan payments. There are usually two lender ratios [more...]

Date: 2008-09-10 13:58:59

Why not just give US the money?

Lame Duck Teasury Secretary Henry Paulsen insisted on talking again today, as did his boss, sending the markets south, ... the risk that big investors took when they bought junk credit card and mortgage debt. Then, magically ... toward consumer loans in the form of credit cards, auto loans and student loans, as well as some forms [more...]

Date: 2008-11-25 19:38:09

Increasingly Desperate Arguments Against Student Loan Reform

Newsweek has published a mini-debate (the “Student Loan Smackdown”) between for-profit bank representative John Dean and myself, on the subject of whether Congress should pass President Obama’s plan to redirect $87 billion in lucrative subsidies for for-profit banks to Pell grants and other worthy causes. [more...]

Date: 2009-09-29 13:58:57

Student Loan Socialism

We know that a government student loan monopoly is just right for you. After all, what could go wrong with politicians owning everything? Warning: May cause hilarity. [more...]

Date: 2009-09-29 21:14:15

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