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21
General Discussion / Re: Scammed
Last post by TheCollegeInvestor - January 20, 2021, 05:40:52 pm
Read our guide on Student Loan Scams.
22
General Discussion / Scammed
Last post by Audi4all - January 20, 2021, 05:37:20 pm
   how do we know who
                to trust?


       Or what is real or a lie? Ive had atleast 20 calls today and yesterday about my loan forgiviness. Most recently put my trust into a woman who announces her self as a supervisor of loan forgiviness prosessing. Be careful even the scammers sound ligit. What caught my attention at first was the fact she wanted my fasfa info and to reaet my password along with same for my emails. Secondly she asked for payment in the sum of $250.00 for six weeks. Ive been ignoring her and have looked up the name she gave abby bravo. Fact is only person by that name out of florida was only 24yrs old. Im 42 and i might been born at night but it wasnt last night. Well ive tried not to answer unknown calls along with hers. I dont know who to trust with this aaa fed lawsuit and loan forgiviness. I do know i trust myself cause she sure wasnt getting my credit card number like she ask. Has anyone else recieved a call from this 24 yr old kid? My son is her age i mean omg what in the world??
23
Navigating Repayment / Re: FFEL Loan Help
Last post by TheCollegeInvestor - January 10, 2021, 09:45:11 am
Maybe...

It's tough to say because, depending on your repayment plan currently and when you started it, you could be close to loan forgiveness as it stands (IBR allows for loan forgiveness after 25 years). If you change your loans, you reset your clock...

With that said, here are the answers to your questions:

QuoteAt this point would it be worth consolidating into a direct federal loan?

Maybe, see above.

QuoteWould I be able to get a lower rate?

You would get the current rate on loans, which is better than what you're paying. But the interest rate doesn't really matter in your situation as you're focused on loan forgiveness. The real goal is to pay as little as possible then get loan forgiveness.

QuoteWould these enable me to qualify for a portion to be canceled as currently being proposed in congress or freezing interest accumulation under Cares Act?

We don't know, but I would guess it would only apply to Direct loans, not to FFEL Loans.
24
Navigating Repayment / FFEL Loan Help
Last post by impagd - January 09, 2021, 07:54:10 pm
Hello,

I have 2 FFEL loans totaling about 42000. Loans were taken out in 1992 and are locked in at 8%. At this point would it be worth consolidating into a direct federal loan? Would I be able to get a lower rate? Would these enable me to qualify for a portion to be canceled as currently being proposed in congress or freezing interest accumulation under Cares Act? Unfortunately for many years I made payments but did not pay attention to balance. After taking a closer look I found that my payments were only covering interest and sometimes not even that. My balance has actually increased. I am paying $283 per month and can really pay an extra $50 per month. A little late to be asking but would appreciate any recommendations.

Thanks
David
 
25
Student Loan Scams / Re: Student loan care / studen...
Last post by Leolincoln - January 03, 2021, 02:22:27 am
Quote from: TheCollegeInvestor on December 14, 2016, 12:55:59 pmOnce again, we can't help you decide that or offer any information about this company. We can tell you, in general, that you don't need to pay for student loan assistance with your Federal student loans. You can do everything for free at StudentLoans.gov or by calling your loan servicer.

Hi TheCollegeInvestor,


Thank you for the information!!

26
General Discussion / Hi Everyone!!
Last post by Leolincoln - January 03, 2021, 02:17:09 am
I just wanted to introduce myself. I'm Leolin coln, and I'm new to this community, I m searching for my financial doubts, Hope You guys With Me. Cheers!!
27
Student Loan Scams / Re: Student loan care / studen...
Last post by Dylananthony - January 03, 2021, 02:08:47 am
Sorry for opening an old thread and being late to the show, but I wanted to add my opinion just in case it is useful. I understand your situation because now, I am also facing same the kind of issue, I hope your problem should be solved or else are you still struggling?

My friend referred to one site Floridatitleloans.org. Is this Company worth considering? I will be happy if you concern about it. Thanks in
advance.
28
General Discussion / Re: stressed out
Last post by Dylananthony - January 03, 2021, 02:03:43 am
Quote from: TheCollegeInvestor on July 23, 2020, 03:28:29 pmSee this guide to your options for parent PLUS loans: Parent PLUS Loans.
Sure I Will Try Defenitly
29
General Discussion / Re: Hey everyone! Im newbie!
Last post by Dylananthony - January 03, 2021, 02:00:42 am
Quote from: TheCollegeInvestor on August 31, 2020, 10:26:15 pmYou might want to read our guide to Student Loan Consolidation.

Thanks to the creator for writing the post, it was quite necessary for me.
30
For Parents / Re: Help!!
Last post by TheCollegeInvestor - December 19, 2020, 09:38:38 am
There are a lot of scholarship opportunities, but the hardest part is finding them. It requires time and effort. Usually, local organizations and employers are the best bet. Check out this guide: How to find college scholarships.

If she does decide to borrow to pay for college, Federal loans are only in her name - nothing is required of you. It's typically not a good idea to borrow private loans. See this guide: How To Find The Best Student Loans.
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