Student loans are loans that people take out when they are going to college or private schools. To get a good interest rate on a student loan you need a good credit score. To apply for student loans you need to fill out forms from the lender, the university and the federal government. It’s important to understand how much money you’re borrowing, at what interest rate and how long you have to pay back that student loan. Student loans cannot be discharged in a bankruptcy.
Many Americans owe a large amount of credit card debt. To pay off that credit card debt, some of them enroll in a debt management program through a credit counseling agency. According to CCCS of Greater Atlanta, women usually seek help repaying debt before men. When a debtor owes too much to pay back, the credit counselor may suggest filing bankruptcy. Learn about what services a credit counseling agency offers as part of a debt management program here.
Using student loans to finance a college education is just one option. The best way to begin applying for student loans and financing your college education is to go online and do your research. Now you can apply for student loans online and even compare interest rates and programs. The application process for student loans begins with FAFSA, the Free Application for Student Aid. The sooner you apply for financial aid, the better chance you have of financing your college education with student loans and other funding.
Student loans are not usually forgiven through bankruptcy. Even after filing for bankruptcy, you are obligated to pay off educational loans. By not paying off student loans, you are risking ruining your credit history. Check your credit score to see what kind of affect student loans and bankruptcy have had on the credit report.
A key sign of a predatory lender is that it doesn't report your on-time payments to credit reporting bureaus that keep track of your credit history and score. Is student loan lender Sallie Mae becoming a predatory lender by neglecting to report on-time payments to the three credit reporting bureaus? Learn about how on-time payments can help you build good credit.
Your credit history and credit score determines the best credit card deals a consumer can get. Lenders treat your credit report and credit history as a running score of your financial life, and use that to decide whether you're worth the risk for a credit card, car loan or mortgage. Clean up your credit score and build a good credit history in order to get the best credit card deals for you.
Women used to let their husbands and fathers manage their money. As time goes by more women are taking control of their personal finances. Learn what you can do to build wealth and have healthy personal finances.
By the end of 2001, more than 2 million recent college graduates were expected to begin paying back billions in student loans. Which is fine, if you found a job after graudation. But the poor economy means out of work grads are having a tough time
making ends meet. Money and real estate expert Ilyce Glink has some suggestions on making the numbers work.
If you're saving for college, 529 College Savings Plans offer easy options for stocking away cash. Upromise and BabyMint offer 529 plan credit cards that give you a small percentage of cash back as a contribution to a specified 529 plan if you buy from an affiliated company. 529 plans permit you to transfer the funds to other children, if the named child doesn't go to college.
A home buyer is having trouble getting a mortgage due to student loans. Mortgage lenders decide how much of a mortgage you can afford based partly on your debt-to-income ratio. What lenders do is simple math. A conventional lender will allow you to spend up to 36 percent of your gross monthly income on your total debt payments (mortgage, insurance and other debt).