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Are There Any Loan Forgiveness Programs for Social Workers, Teachers and Other Public Service Jobs?
Are you familiar with any programs that could assist a low-income social worker who has used up his hardship deferments? Any assistance would be appreciated. I'm in a low-paying county, being ...
How Does Bankruptcy Affect Eligibility for Student Financial Aid?
How does a chapter 13 bankruptcy affect financial aid? Would it be difficult to get financial aid for my child because my husband and I filed chapter 13 about 2 years ...
Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?
Why is it better for parents to pay off credit cards (if one can) before obtaining loans for a child for college? — Diane H. Most forms of consumer debt, such ...
Does Consolidating Student Loans Save Money Like a Refinance?
I have a question concerning consolidating my federal loans. I have some that are subsidized and some that are unsubsidized. Can I combine these at a lower interest rate? I have ...
Impact of a Government Shutdown on Student Financial Aid
If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, ...
President Obama Proposes Cuts in Aid Programs to Preserve Pell Grant
President Obama is proposing to cut some student aid programs to maintain the maximum Pell Grant at $5,550 in 2011-12 as part of the FY2012 federal budget request. This comes after ...
Drowning in Six-Figure Debt for a Low-Paying Field of Study
I am going to be attending a New York university this spring as a music major. My ultimate goal is to get a doctorate of ethnomusicology and to teach at a ...
Wells Fargo Adds Death and Disability Discharges to Private Student Loans
Wells Fargo announced on December 17, 2010 that it is adding death and disability discharges to its private student loan products. When the student borrower dies or becomes totally and permanently ...
How Do Parent Financial Problems Affect a Student's Eligibility for Financial Aid?
We the parents screwed up financially and had to file for bankruptcy and are in a Chapter 13 repayment program. The FAFSA thinks according to their estimator that we can afford ...
Will Delaying a Bankruptcy Filing Affect Eligibility for Student Aid?
My son is a senior in high school this year. I might have to file for bankruptcy. Should I file this year or wait until next year to file? — Rich ...
Best Strategies for Paying off Debt Quicker
Suppose you've made the required payments on all your loans and want to use some extra money to pay off your debt quicker. How do you choose which loan to pay ...
Options for a Family Denied Education Loans Due to Insufficient Income
My daughter received some financial aid for her freshman year of college but we still had to take out a sizable loan for the rest. She applied for a loan her ...
Help for Retired Parents Repaying Parent PLUS Loans on Fixed Income
Help!!! My Parent PLUS loans are presently in a forbearance that will end in a few months. My expected installment payments are more than my monthly income. I am retired and ...
Choose a Cheaper In-State Public College to Cut College Costs
I am a 17-year-old high school senior applying to colleges. I wish to apply to certain private institutions where the tuition is over 45K. I am doing my best applying for ...
What is a Reasonable and Affordable Monthly Payment for a Defaulted Borrower to Regain Federal Student Aid Eligibility?
I am 26 years old and would like to go back to college. I have $12,000 in student loans which are currently in administrative wage garnishment. I make $27,000 a year ...
Tips for a Teacher on Managing Excessive Debt
I have a dire question that needs urgent results. I took out a loan in college (undergraduate). I was foolish and took out the maximum loan amount that I could each ...
Can a Family on Fixed Income Afford to Pay Double for an Out-of-State Private College?
My husband took early retirement so we are on a fixed income. We set aside enough money in various college funds for our daughter to attend any in-state public college. However, ...
Total College Debt Now Exceeds Total Credit Card Debt
Total student loan and credit card debt outstanding as of June of each year.
Survey Says: Families Perceive College Costs as Increasing by 17% Compared with Last Year
Sallie Mae and Gallup just released the results of their third annual survey of how American families pay for college. The survey found that families perceived college costs as increasing by ...
Secrets to Settling Defaulted Federal Student Loan Debts for Less than What You Owe
Your federal student loans are in default and collection agencies are calling you dozens of times a day. They are threatening to garnish your wages, offset your income tax refunds and ...
