Comments on: Student Loans In Deferment until 2012!

By: flyseventeenthirtytwo

flyseventeenthirtytwo — Tue, 13 Sep 2011 04:39:58 +0000

I would apply for fafsa. Most people that don’t believe that they qualify (usually because they believe they make to much) usually find out that there are programs available to them sometimes it is because of race sometimes it’s because of wealth (etc.), othertimes there are actually programs that are provided for people who are staying in state (like in NY State for example) so don’t think that because you make money your son won’t qualify for anything.
However, if you don’t fill out the fafsa either with your son or not you will never know. Also don’t lie on the fafsa even if you think there is no way in heck of getting it. You still have a chance provided you are being honest and your son hasn’t been committed of a drug crime which will automatically disqualify him. Also take heart if you are confused by filling out the fafsa most of us are. If you make some mistakes they don’t automatically write you off as a liar and come to get you. They expect people make mistakes and that people have issues with the wording. Try your best do it online so you don’t have to keep updating the info every year unless you move or something and you will be fine.

By: flyseventeenthirtytwo

flyseventeenthirtytwo — Tue, 13 Sep 2011 04:31:58 +0000

Personally, I would contact them and let them know what you can afford to pay each month and explain the situation so they don’t think that you are just trying to ditch paying. Most companies even direct loans want to be paid something per month but yes seeing a $1000 minimum payment bill (for example) may not be feasible for most people.

By: angela

angela — Sun, 15 Mar 2009 20:06:41 +0000

my son took a studnt loan with myrichuncle. It’s 165 interest rate. It’s ridiculuos. Last semester he di not attend school, although he was supossed to pay the loan when he finishes school, the IR is been added to the principal. I though deferred payment means you pay at the end of the school with no interest. How can I get a REAL deferred loan with NO interest until he finishes college. he still needs two more years to go. thanks,
angela

By: reggie

reggie — Thu, 24 Jul 2008 13:54:03 +0000

What can i do if i’m working full-time but don’t make enough to pay my student loans monthy amount. I asked for a deferment but i don’t qualify for any of the three scenarios but my income is so low that it only is enough to pay my necessary bills i.e. rent, utilities, car, insurance.

By: jim

jim — Thu, 27 Oct 2005 01:59:20 +0000

Unfortunately I don’t know if I’m able to give you any advice on that because my loans were from my undergraduate/graduate (all pre-full time job) years, when I had no income, negligible savings, and relied mostly on Stafford (about 90% of what I owe) and Perkin Loans. As for the MBA I’m pursuing now, my tuition is covered by my employer. I’ll try to do some research tomorrow and let you know what I find and we can compare notes.

By: Anonymous

Anonymous — Thu, 27 Oct 2005 00:08:49 +0000

What kind of loans have you taken out? My wife is starting school in January and I’m trying to figure out how to pay for this (10k a semster, 3 semsters a year for 2 years). I’m considering a HELOC, but trying to learn as much as I can about the different options. I’ve tried FAFSA, but they have pretty much penalized us for actually saving instead of spending everything we make. Any info you could provide is very much appreciated.