Archive for April, 2008
Is it true, consolidate my student loan will improve my credit score?
Tuesday, April 29th, 2008Cindy16 asked: I read some place that consolidate my federal student loan will improve my credit score?
I don’t know if that would apply to me, since I already have high score (like 720 something)
I don’t really need to lower my monthly payment or anything like that. In fact, I would pay it off with in […]
Is taking out a student loan as awful as people make it seem?
Saturday, April 26th, 2008Rosha N asked: I, sadly, lost my scholarship and now I won’t have enough to cover all my expenses for the upcoming school year. I don’t want to worry my mother with it even though I know she would find a way to pay. I want to take out a student loan but I hear […]
What is the best way to get rid of student loan payments that you can’t afford?
Wednesday, April 23rd, 2008jamesy_8904 asked: I attended a university for a few months this past summer. I came back to my hometown and got married. During the time that I was at the university I took out a student loan. The interest on it is outrageous! I have a baby on the way and would like to continue […]
What kind of loan can I get to consolidate private student loans?
Monday, April 7th, 2008bbrrpf asked: I have $100,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with […]
Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?
Saturday, April 5th, 2008AG asked: I know that student loan interest can be deducted.
My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?
Thanks!Katherine
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