Quote from: TheCollegeInvestor on August 31, 2019, 08:51:29 pmThey should send a letter if you opt for paper statements, or an eNotice if you have electronic statements. Is there anything in your FedLoan secure mailbox? Sometimes the email may go to spam and you need to check your secure mailbox on their website.
Quote from: TheCollegeInvestor on August 31, 2019, 07:56:17 amHave you already applied for TPD Discharge? If so, you won't go into default.
Second, there is no soft deadline. If you submitted it online, it's time stamped. And if they don't honor it, you file a complaint with the ombudsman. If you mailed it with proof of delivery, you have the proof.
Note: You only go into default after missing payments for over 320 days, so you really don't have to worry about wage garnishment in any circumstance unless there is missing information here.
Quote from: ngadang2810 on July 16, 2019, 12:56:40 amMy cousin is about to start college in the fall at our local state school. He was asking my advice on student loans. I like to think I'm good with money, but I honestly have no idea what to tell him because its been so long since I was in college and also my parents paid for it (it was relatively cheap since I went to state school and lived at home)
I guess what I'm asking is, how does he go about getting private loans? Is is like getting an auto loan from a bank where you look online at the best rates each bank has? How does the approval process for loans work? Sorry to be so vague, I just have no idea how these loans work but I hear everyday how awful private loans are and I don't want him to get scammed.
Thank you very much