Student Loan Forgiveness

Student loans forgiveness can be granted from the United States under certain circumstances that the federal government has outlaid in their website. In order to qualify, the borrower must perform volunteer work, military service, teach, practice medicine in certain communities, or meet any other criteria specified by the government. Volunteer programs that offer this include Americorps; in which a borrower can serve up to 12 months and receive a stipend and a $4725 student loans forgiveness credit. "Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give unto your bosom. For with the same measure that ye mete withal it shall be measured to you again." (Luke 6:38)

The Peace Corps is another volunteer program in which volunteers may apply for deferment and cancellation of certain Perkins loans after 2 years of service, and Vista, in which borrowers receive a $4725 certificate after 1700 hours of service. Military options allow the borrower to join the Army National Guard, which offers a trade off of up to $10,000. Graduates who become fulltime teachers in an elementary or secondary school in a pre-certified low income school would also qualify for student loan forgiveness. A portion of the student Perkins debt can also qualify for trade off.

Another avenue for participation includes the study of law. Many law schools forgive the financing debts of students who serve in non-profit positions or in public interest positions. The US Department of Heath and Human Services offers student loan forgiveness to borrowers majoring in certain health related occupations such as nursing. These nurses must work in an area lacking appropriate medical care. Medical Research Doctors and Doctors of Medicine in certain hospitals and clinics across the US offer certificates of varying amounts in exchange for a set number of years practicing at a certain facility. Certain areas of law enforcement in Alaska, as well as Maryland state employees who earn less than a $40,000 yearly salary can also participate.

The federal government allows certain federal agencies to establish these programs to help recruit and retain employees. To date there are no such programs that allow a student loans forgiveness for a private loan. Students are encouraged to exhaust all means of government guaranteed financing before applying for and receiving private student loans, as yearly there are becoming more and more ways to receive trade offs for federal Perkins and Stafford loans. Any student looking to fund their education should be aware of student loan forgiveness programs in their areas of interest before paying out of pocket tuition.

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Student Loan Consolidations

Student loan consolidations may be what you need to find your way out of the pile of debt you accumulated in your college years. Perhaps your debt has become so massive that you fear you will never get from under it. Each month you accumulate more late fees and penalties. The interest rate you have on your loans is outrageous. With a student loan consolidation, you can solve many of your financial problems and begin to see your way clear. These types of loans are now available over the Internet. You can apply for this kind of financing at any time of the night or day!

Have you noticed how the interest rates have dropped over the past few years? Interest rates are now lower than they have been on the average over the past forty years. Your parents probably never dreamed they would see interest rates this low. You can take advantage of these low interest rates by applying for a student loan consolidation. Getting help can make your financial picture brighter immediately. What are you waiting for? You could be paying off your debt right now! You could be enjoying those low interest rates instead of paying outrageous rates.

Student loan consolidations are available to you no matter what credit rating you have. If you want to begin repairing your credit rating, consider consolidating your debts. You can refinance various student loans, and a big advantage is that you will have only one payment per month, which will be lower than the sum of all those payments you make right now. Another plus to consider is that with this kind of loan, you will rid yourself of those calls from collection agencies and letters regarding your late payments. Additionally, you will have the satisfaction of knowing that not only are you are messing with your financial future, but you are instead improving your financial situation.

Perhaps you haven't found that perfect job as quickly as you dreamed you would. Or perhaps you didn't expect that an entry-level job in your career field would pay this low. Or maybe the expenses of your college days just got a way from you and now you groan under a mountain of debt. Whatever your reason, you can apply for a student loan consolidation and begin your pathway to debt-free living. These types of loans are easy to apply for and quick to complete because you can apply from the privacy of your home or office computer. No convincing a bank loan officer of your trustworthiness. No filling out piles of forms. So what are you waiting for - get started today with a new sense of financial freedom.


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Car Loans For College Student

Car loans for college students provide financial assistance to individuals who have little or no credit. Information on a car loan for college students can be found through many online financial sites. This service often requires high interest rates because of the individuals lack of credit history. While funding may be hard to receive, a cosigner makes the probability of receiving assistance much more likely.

Receiving a loan for a student with debt and little credit is often rare, but many financial companies with websites do provide this option. Often banks and other financial institutes will not approve car loans for college students because most students have no credit or collateral to back up the loan. Since websites have more offers in this situation than others will provide, students have the option to seek assistance online, but must be aware of the lenders before agreeing to anything. Young adults can sometimes be naive or overly excited in situations and make decisions without properly thinking them through.

In situations where an individual is financing their education and they have little or no credit, the rate of interest is very important. With little or no credit, it is very difficult to receive a low interest rate on a car loan for college students. Also, having no collateral can hinder the individuals abilities to receive lower interest rates on any type of funding program.

One of the best options to pursue when seeking a car loan for college students is to use a cosigner. By asking a parent or guardian to cosign the loan, the individual can receive the funding to purchase a vehicle and possibly lower interest rates if the cosigner has a good credit rating. This is an excellent way to assist someone in receiving car loans for college students and still give the student the responsibility of making the monthly payment.

Finding the right dealer, vehicle, lender, and lending package can be a very difficult task. This is especially true for someone with no experience in buying cars or making other major purchases. For those people seeking car loans for college students, it is very important to speak with financial advisors, lenders, family, and friends in order to gain a good perspective of the costs, fees, and terms that should be sought. Some college campuses even offer financial advisors to assist students. If a school does not offer this service, professors in the finance department will be able to offer some assistance. "Hear instruction, and be wise, and refuse it not." (Proverbs 8:33). Gaining knowledge on the subject will allow an individual to make wise decisions.

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College Student Loan

College student loan is the way to higher earning potential and higher quality of life, through engaging in the learning experience. Many lenders on the Internet offer undergraduate, graduate or continuing education college student loans. With competitive interest rates and easy qualifying there are many reasons to research online. Eligibility requirements may include age requirements, possessing a high school diploma or general equivalency diploma. Some lenders require that the institution of choice be regionally accredited. Other requirements may require being enrolled at least half time or full-time. Credit worthiness is also a consideration when applying for college student loans. There are other options available if creditworthiness becomes an issue. Choices may include seeking federal aid or obtaining a co-signor.

Decide on the educational requirements needed for the undergraduate, graduate or continuing education classes needed and seek out the school of choice before applying. A counselor with the school of choice will be able to help a person decide on the program needed. Complete a Federal Student Aid form (FAFSA) online before applying for a college student loan. Knowing what is needed to qualify for through FAFSA is necessary to understand how much more is needed to pay for education. Federal aid may include, Federal Pell Grants, Federal Work Studies, Federal Supplemental Educational Opportunity Grants, Stafford Loans, Perkins Loans and scholarships. Some colleges will have the applicant fill out the financial aid forms and will apply for a college student loan for them however their lending options may be limited compared to the options available overall on the Internet. "That in every thing ye are enriched by him, in all utterance, and in all knowledge." (1 Corinthians 1:5) Take the opportunity of student financing to use God given gifts in this world.

Fees or interest may vary depending on credit scores, and repayment options selected by the borrower. A college student loan may also be a supplement to federal loans. This type of financing can offer additional financial support to federal financing by providing for books, living expenses and any educational materials. Most lending institutions will allow repayment to begin after graduation but offer the option to begin repayment sooner if desired. Some lenders offer fast approval online without the involvement of the financial aid office associated with the educational institution of choice. Some lenders online send the check directly to the borrower, the student and do not involve the college financial aid office towards college student loans.


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Canada Student Loan

Canada student loans differ a bit from the well known educational loans in the United States. Canada has two basic sources: the Canadian Federal government and the Provincial governments. If a scholar resides in one of the Providences of Canada they may only apply to the provincial government. The rest of the country needs to apply to the Canadian Federal government. More information and detailed application procedures can be found through financial aid offices or through a local library.

Like any educational financing program, a person has to meet the eligibility requirements. They do have Canada student loans for part time attendance also. If someone is attending a Canadian University and carrying 20 to 50% of a full case load, they are eligible for a Canada student loan. For a full time options, he or she needs to carry at least 60% of a full time course load. Philippians 4:13 states I can do all things through Christ which strengthen me. This is important when looking at financing an education especially during tough semesters. God likes it when His people have endurance and faith in His plan for their life. Keep strong focus in any schooling venture.

The CSLP pays out a maximum of $165 a week towards schooling, and needs to show that the scholar cannot cover the costs without the loan. If seeking financing from one of the provincial governments, they boast, "if you need it- you get it." Certain provinces like Saskatchewan, offer a full page of online sources. In Ontario, if someone has a Canada student loan, they need to make the interest payments while in school. They offer their Canada student loan to full time students, while in school, where the Canadian government pays the interest that accumulates. With either of the programs, a student doesn't need to begin to repay the Canada student loan until six months after leaving school. Both types a students are required to be a Canadian citizen or permanent resident.

Similar to any other financial aid program, there is detailed information online to help plan and finance education and learning in Canada. Canadian student loan programs are also available in French. Financial planner calculators are also available online to assist in determining how much it will cost. There are many, "one stop" information centers for information about Canada student loans and other post secondary information, such as college and university listings.


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Best Student Loan

The best student loan will be available from lenders who work with the student to provide immediate cash availability, defer repayment until at least six months from the student's graduation, and who keep the interest rate at a minimum. These are the best student loans because they assure that money is not the reason anyone cannot attain a higher education. They also provide a very quick and easy paperwork process. The lenders that work with this financial aspect of lending will have a working relationship with many colleges and universities whereby they are familiar with each school's financial aid policies. The best student loans will be applied to the student's account balance smoothly and without delay.

Seeking lenders that offer the best student loans also assures that the student can focus on getting a job after graduation to help the individual get on their feet financially before being expected to payback the loans. Many students enter the job market at the peak of summer seasonal hire and find getting a job to repay the best student loan a precarious effort while competing with hundreds of other students who are only looking for temporary work. Those seeking only temporary work usually do not have to worry about repaying these obligations for some time still, but they are a definite hindrance when the best student loan is about to come due. Unless the individual has connections to an employer, who they may have interned with before, or with whom they have other connections that have promised them a place to work when they are ready, getting the "perfect job" will take more than one trial and error in positions. Six months is a generally accepted rule of thumb for lenders to allow the graduate time to get a job, and start a budget for repayment of their loans in addition to budgeting their new financial status.

"The heart of the prudent getteth knowledge; and the ear of the wise seeketh knowledge" (Proverbs 18:15). Finally, the best student loans will keep their interest rates at a level that will keep the graduate from being overwhelmed in finance charges. Interest rates will stay around 7% and preferably be much lower. The best student loan will be gratefully repaid with the understanding that it was the reason the graduate now has a much better job than could have been expected without a higher education. Financing an education may seem difficult, especially early in the repayment period, but it pays off in the end.


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Best Rate For Loan Consolidation

The best rate for student loan consolidation is a great opportunity for students to get headed in the right direction with their financial life. Comparing the various lenders and finding a competitive rate that will make it worthwhile to consolidate loans can find the best rate for student loan consolidations. This type of financing is figured differently for federal and private student loan lending companies. Federal lenders use a formula that involves finding the best rate by basing the interest on the weighted averages of the interest rates of the loans being consolidated. While private companies also average the interest of the loans being consolidated, their interest also is influenced by the market prime.

To find the best rate, use an online calculator to get a better idea of what to look for from lenders. "Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the LORD of hosts, if I will not open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it." (Malachi 3:10) There are many companies online that a person can research to compare and ultimately find the right option. Both students and parents are eligible to find the best rate for student loan consolidation. However, before moving to consolidate loans, figure whether it will save money. While taking this sort of financial action will lower the monthly payment, a person may end up paying more interest because there will be a longer loan repayment term. Furthermore, sometimes after finding the best rate for student loan consolidations, the interest drop even more.

There are a few ways to increase the chances of getting this sort of financing. Many times companies will offer additional incentives to decrease the interest paid. For example, some lenders offer reduced interest for electronic payments to be taken automatically from a bank account. Before beginning any search for the best rate for student loan consolidation, consider whether consolidating is the best idea. To increase a person's chances of finding the best option, making 36 consecutive on-time payments might increase eligibility for additional reductions of the interest. Finally, if consolidating student loans during the grace period (typically the six months after completing school), a person can lower the percentage paid. By using some of these options, in addition to finding a lender who already offers a lower interest, anyone will be able to find the best rate for student loan consolidations.

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Best Student Loan Consolidations

Best student loan consolidation plans have many benefits for the consumer. Many lenders offer very low rates when student debts are consolidated. The best student loan consolidations will allow one easy payment with one low interest rate. Research should be done in order to find offers since many companies claim to offer ideal solutions and only one can truly be the best. A good place to search for financial help is the Internet. This is a great resource for researching any topic and providing someone with an "education" free of charge. By using any one of the many search engines, best student loan consolidation choices will be far more clear.

The most popular websites will be at the top and can be reviewed one by one until all the information is acquired. By comparing information from several different sources, consumers can make an educated decision about which company offers the most reasonable package. Begin by looking for the lowest rate and affordable payment terms among all the different types of plans being marketed. Consumers should keep in mind that Internet fraud (promising what cannot and will not be delivered)is rampant. It pays to do this financial homework, read the fine print, and choose a lender that is well recognized in the field. The longer the terms of the contract, the more interest will be levied against the borrower. If terms can be shortened by making extra payments whenever possible, more interest on the best student loan consolidations can be saved. Before signing the contract, consumers should take care to determine if this is possible without incurring a penalty.

If there is a local lender with a proven trustworthy and reliable record, borrowers can inquire about the best student loan consolidation program in an introductory meeting. Especially if a consumer has worked with a certain lender before and knows that they are reliable, it may be that a known lender may be able to offer the best student loan consolidations around. It will be somewhat easier than working with a lender whose credibility may still be in question. A lender that knows his client, both the payment history and his involvement in the community, may be more likely to offer the best student loan consolidation options.

There are many avenues borrowers can take in pursuit of the best student loan consolidations. It's important to be wise and cautious before making a final decision because each program needs to be doubly beneficial: affordable and also effective in reducing a complicated burden of debt. "See then that you walk circumspectly, not as fools, but as wise." (Ephesians 5:15)

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Bankruptcy Student Loan

Bankruptcy student loans occur when people attempt to get out of repaying the money borrowed to pay for college. It is serious business, because thousands of dollars are loaned to students for their education. Those who think they can get out of paying them back will find that it is close to impossible. Bankruptcy in general has been affected by changes in the code in that a person can no longer discharge their student debt obligations. For the person who has a bankruptcy student loan, the best they can hope for is that the discharge of the other debts will make it easier to repay their education debt.

Student loans are contracts like any other debt a person would take on. However, whereas most debts can be discharged when someone files Chapter 11, bankruptcy student loans do not fall into that category. They can only be discharged if the debtor can prove that repayment will create an undue hardship, meaning that the debtor cannot maintain a minimum adequate standard of living and repay the loan. Bankruptcy student loans can cost a bundle of money far in excess of the original amount borrowed. People who default, can find themselves being charged collection fees and commission fees that the collection agencies charge the Department of Education and that are, in turn, passed on to the debtor.

Further action can be taken for those who try to get out of repaying their educational debt. With a bankruptcy student loan, a person's wages can be garnished. In addition, the lender has the right to intercept Federal Tax Refunds and apply them to the debt. On the other hand, there are only a couple of ways to get around repaying educational debt. Other than proving that repayment would cause undue hardship, someone may be able to prove that they dropped out of school and that the school owes them a refund. A person also may be exempt from repayment if they become totally and permanently disabled.

Because repaying school loans can be difficult, people should consider carefully whether to borrow money for school, and if so, how much money they realistically need to borrow. There are other options that students can consider such as applying for scholarships or working part-time in order to pay for school, or at least to cut down the amount of money needed to borrow. Furthermore, before a person thinks of bankruptcy student loans, they need to consider the excess fees that will be charged, as well as the blemishes that will remain on their credit for up to ten years. Bankruptcy student loan is an option that should be avoided at all costs if possible. Romans 13:8 says to "owe no man any thing." Therefore, a Christian should seek to repay any money borrowed, in a timely fashion.


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Student Education Loan

Student education loans are something that teenagers and their parents fret over during much of the students high school career. The first question with a student education loan is whether or not one is really needed. These loans can be looked at in two ways: One, this kind of assistance could be a good way to feel financially secure during the time the student is receiving a college education; secondly, the indebtedness could also make the borrower feel deeply in debt during and after the college experience is finished. With these pros and cons to student education loans, the best action is to examine them well before making a decision that will affect those important years of a student's life.

For the student who otherwise wouldn't be able to attend college, student education loans are a benefit that would eliminate much of the money concerns while attending classes. Care should be taken to choose an institution of higher learning that isn't overly expensive while offering the courses that lead to a substantive career. Often government loans offer the most reasonable terms, so if the learner qualifies, that is a good choice for a this kind of aid. However, there are many other kinds to choose from. One thing a collegiate should try to avoid is ending up with multiple notes. When saddled with student education loans that cannot be paid back right away, then the benefit to the pupil of not worrying about money while in school is defeated.

The negatives of acquiring these notes come after graduation. Eventually it is possible to be as much as $80,000 in debt just coming out of college. That is a really scary thing. A student education loan system is not meant to make the graduate feel hopeless; it is simply a way to help get an education that otherwise would not be possible. Advance planning and saving can eliminate the need for multiple loans. Many young people are able to find part-time jobs to help with expenses, thus eliminating the need for too many notes to pay back. The key is to find other ways to pay for school if that is needed.

Finally, it is wise to remember to consult the Lord these matters as with all other aspects of life. A Christian will want to follow the path that He has given when considering a student education loan, thus avoiding the really big financial mistakes, and will prayerfully consider which school to attend. "Let thine eyes look right on, and let thine eyelids look straight before thee. Ponder the path of thy feet, and let all thy ways be established. Turn not to the right hand nor to the left: remove thy foot from evil." (Proverbs 4:25-27)


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Bad Credit Unsecured Student Loans

Bad credit unsecured student loans can be obtained for those who have failed to manage their money well, but the interest rates will be much higher. The borrower may feel that they are being questioned unreasonably. However, the determination to get a high education will be the necessary motivation to endure the process. As always, the key to get around the need for a bad credit unsecured student loan is to manage any and every debt with the utmost responsibility. Bad credit unsecured student loans only cost the borrower, not the lender the extra bucks, but the lender will take measures to assure they don't receive the backlash of another financial mismanagement. The main difference is that no collateral is asked for to secure repayment.

One can obtain a bad credit unsecured student loan from private creditors and/or the federal government. Either sector has either already given money to this borrower once before with a poor repayment history, or they were left without repayment on a current debt. This doesn't sit well with any creditor, but it becomes a necessity that results in a much more inflated interest rate, payment schedule and/or shorter terms of repayment. When a financial institution agrees to provide services, they do so fully aware of the borrower's poor risk and take all precautions to assure that they are not the next unpaid creditor. This involves a complete background check and, at some institutions, fingerprinting has become a standard procedure.

Just financing is created for borrowers with good or untested credit, bad credit unsecured student loans are made for the same purposes. Funds received can be used for all school expenses; tuition, books, board, computers, supplies. And since it is unsecured, the funds can be used for related non-school expenses, which include daily living expenses. The amount of the bad credit unsecured student loan is limited to the amount up to the full cost of education, less any aid received in most cases. Check with various lenders to see if any variance on limits of borrowing is applicable. Also, just like normal financing, principal and interest are deferred repayment during school when both character and skills are being learned. "Let no man despise thy youth; but be thou an example of the believers, in word, in conversation, in charity, in spirit, in faith, in purity." (1 Timothy 4:12)

When debts come due after graduation, a six month grace period is standard. This time period is meant to allow the graduate to find employment and get a running start on income that can be budgeted to allow repayment. Now that increased funding has allowed them the opportunity to get the all-important degree of education, employment choices should be far better. Bad credit unsecured student loans are available for application at any time in the year. A bad credit unsecured student loan allows for a shortfall mid-semester or unexpected circumstances, especially those that are school related like transportation to work-study jobs. Those who learn the responsibility of managing their short and long term ambitions have a far greater chance of managing their adult lives.

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Alternative Student Loan

Alternative student loans provide money to pay for a college education for someone who has not adequately prepared for the costs of higher education tuition. Perhaps a college student does not qualify for federal or state government financing because personal income or a parents income is too high. Maybe the education seeker has reached the limit of the state and federal government financing programs and still desire to further their education through extra classes during the summer. Perhaps the borrower is switching careers and the traditional government financing will not issue money specific to the career chosen. An alternative student loan could provide the necessary money to pay for tuition, books, or room and board. There are various lending institutions that offer this type of additional financing. Many universities and colleges will offer their own financial aid to those who do not qualify for the federal and state government lending programs. Those who do not qualify but still have a hard time paying to attend college usually get first consideration when applying for school administered financial aid plans. Current college students and their parents or guardians are typically eligible to apply for any number of optional lending programs.

God makes promises to His children in scripture about their well being. "Therefore take no thought, saying, What shall we eat? or, What shall we drink? or, Wherewithal shall we be clothed? for your heavenly Father knoweth that ye have need of all these things. But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you" (Matthew 6:31-33). Be encouraged by that promise as considering the application for an alternative student loan. Typically alternative student loans are harder to get. Unlike a government issued financing, these plans are not subsidized by the government. Also, they require the borrower to begin repaying the balance right away in monthly payments. The interest rate is almost always based on the borrowers' credit history; whereas a government issued lending program has a fixed interest rate regardless of the borrowers' credit reporting score. This is why municipal sponsored lending programs are becoming the norm on college campuses across the United States.

Most banks and educational lending institution issue a lending plan for five to fifteen years. The interest rate of an alternative student loan is on average six to eight percent when the national interest index is below 4%. Usually a new college attendee will need to have a co-signer to qualify for a private lending program. Most scholars lack viable full time employment, an established credit history, and means to repay any alternative student loans. The lending institutions advise the student to recruit their parents, guardians, or adult relative to co-sign. Borrowing a lot of money to pay for college is a huge decision. The borrower needs to be aware of the risks involved and the consequences if they default. It may seem like easy money, but keeping in mind that it is a loan with interest and that it needs to be repaid should help a borrower stay on track.


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Student Loan After Bankruptcy

A student loan after bankruptcy is still a viable debt that needs to be repaid since these contracts aren't erased like other debts. The only way a borrower can dismiss these types of contracts is if his income possibilities are so limited that he cannot now, or ever (because of dire misfortune) pay the debt even though he's sincerely tried---and can prove all of this to an inquiring judge. Hopefully, the borrower's circumstances are not so severe because he can use student loans after bankruptcy to regain a better credit rating. The trick is to make the payments on time, every time, and even try to pay down the balance by making extra payments. If the contract has not been consolidated or negotiated or discussed with a financial counselor, then not all avenues of effort have been fully addressed. No matter what, young borrowers need to work closely and forthrightly with a trusted lender.

If the coed is able to double or even triple the minimum payments, success is on the horizon. Student loans after bankruptcy that are paid down will have the advantage of improving a person's FICO score, the three digit number that identifies that person as a credit risk or a credit star. It is worth the effort since this one commitment to "pay more" may mean that additional student loans after bankruptcy--even car and home loans--will not come with excessive, budget-killing interest rates later. Even making a year's worth of consecutive low payments on time shows good faith. Any effort to regain credit worthiness will play a significant part in a lender's decision. Bankruptcy itself may or may not have an impact on eligibility for federal student aid. By law, Title IV grants and loan aid cannot be denied just on the basis of a previous bad financial history.

Seeking a student loan after bankruptcy is an important step towards financial freedom. Federal contracts are especially helpful to borrowers because no repayment is required until 6 months after graduation. If there is still a question of delinquency or default, any school would be reluctant to add more financial risk to a young borrower, not to mention the financial risk it brings to the school. If parents are turned down for a federal contract because of bad credit, the coed can apply for an increased student loan after bankruptcy through an unsubsidized Stafford loan. The parents' credit history is not a problem for coeds unless they have parents co-signing the documents. If bankruptcy was caused by extraordinary circumstances, most lenders will try to find a way to grant a student loan after bankruptcy, if at all possible. No believer is exempt from handling money wisely. Proverbs 16:20 says, "He that handleth a matter wisely shall find good: and whoso trusteth in the Lord, happy is he." Our first source of wisdom is God. We must search His Word to help us find our way in the world, even as we apply for student loans after bankruptcy.


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Community College Loan

Students may qualify for a community college loan through one of several financial aid programs if a legitimate need can be proven and credit requirements can be met. Unbeknownst to parents and young adults headed for higher education, federal, state and private lenders provide monies for students who choose to attend a two-year institution. Lenders realize that while junior college enrollees don't have to come up with the hundreds of thousands of dollars required for a four-year degree, there are still financial needs to be addressed. A low-interest community college loan can cover tuition and fees, room and board, books and supplies, or a must-have laptop computer. Clothing, commuting, and for some, long distance communication are also expenses which might be incurred. Some federal loan programs offer $100,000-plus in financial aid to two-year college students enrolled either on a half- or full-time basis. Other programs provide financial assistance to parents who are obligated to make installment payments. Most loans become due and payable a few years after graduation when students will hopefully be gainfully employed.

Attending a two-year institution in hopes of earning an associate's degree is considered to be less expensive than enrollment at a major university; and for that reason, many students prefer junior colleges. Quite a few of enrollees who apply for a community college loan are low- to moderate-income adults and single parents seeking higher education for better paying employment opportunities. Other applicants may include former servicemen desiring to learn new skills for civilian employment, or young adults graduating from high school who want to gradually become acclimated to a collegiate lifestyle. Students also choose two-year programs because of a lack of funds or insufficient grade point averages to qualify for loans and grants at a major institution.

No matter why students choose to enroll, a community college loan gives a hand up toward achieving an associate's degree and a better chance at financial independence. Since each applicant's financial picture will be different, loan officers can help direct students to the right loan package tailored to meet individual needs. Students pursuing a higher education face tremendous financial challenges, but God is able to give the victory as He is acknowledged. "He giveth power to the faint; and to them that have no might He increaseth strength. Even the youths shall faint and be weary, and the young men shall utterly fall: But they that wait upon the Lord shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary; and they shall walk and not faint" (Isaiah 40:29-31).

A financial aid package may consist of federally funded monies offered students who can substantiate a legitimate need, regardless of income. The U.S. Department of Education offers programs to U.S. citizens seeking higher education to become more marketable, which helps reduce national unemployment roles. In the United States anyone of any gender, ethnicity, creed, or socio-economic background can find a government-funded program to further an education, whether at a two- or four-year institution. Low-income single mothers with dependent children, legal immigrants, former inmates who have made restitution, or military service men and women who have put their lives on the line for the country may all qualify for some type of community college loan to become employable, productive members of society. Other financing may be extended to parents whose income and assets qualify for funding. A diligent web-based search for financing offered through federal, state, public and private programs can yield the right information to steer young adults toward higher education and lucrative careers.

A state-funded community college loan will require applicants to reside in-state during enrollment; however funding may be subject to cuts due to budgetary constraints. Students seeking state-funded loans should consult the campus financial aid office before applying. The application process to finance a two-year college education is similar to that of any four-year institution. Students and/or parents fill out the appropriate forms, which usually require bank statements, verification of employment, federal and state income tax returns for previous years, a listing of assets and liabilities, and a credit check to determine creditworthiness. Lenders will want applicants to provide documentation of an ability to repay loans and grants within a specific term.

Lenders also look for students with the greatest academic potential when extending a community college loan. While family income and demonstrated need are important considerations, a student's grade point average and recommendations from former instructors can place them at an advantage over less astute applicants. Lenders view students with high academic performance as capable of completing and excelling at the collegiate level; and therefore having a good prospect for future employment and repayment of an education loan. While former military personnel may qualify for higher education funding under Armed Services sponsored programs, ex-military applicants may also be eligible for monies to pay for transportation, tuition, or books. The campus financial aid office and web-based lenders can advise former military personnel regarding eligibility for education loans.

Students and parents should also browse the Internet for funding sources which offer a community college loan. Web-based lending institutions feature online applications and search engine links to public and private organizations, non-profit foundations, banks, and federal and state programs which provide funding for a two-year education. Students should also investigate opportunities to qualify for grants and scholarships which require no repayment. Other monies may be available for students enrolled in specific academic fields, such as biotechnology and environmentally-responsible industries. The key to financing a higher education degree is diligence. Potential students should not be deterred by an inability to qualify for certain programs, but continue to search and apply for funding which will eventually lead to a brighter, more lucrative future.


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Consolidate Student Loan Debts

Student loan debt in the past have averaged $23,100 for students living on campus, $23,800 for students living off campus and not with families, and $18,000 for those students who lived off campus with their families. A lot of this student loan debt came from several agencies that specialize in providing loans for education. If someone is unable to find work right after graduation, it's next to impossible to meet the agreed-upon payments to clear his or her student loan debt. Some are obliged to take jobs that pay far less than they anticipated for a while, and that will prevent them from paying off their loans in a timely manner as well. The Department of Education and loan agencies are permitted by law to take up to 10% of student's wages if they are in default.

There are companies who will help get financing consolidated where there is more than one loan at a rate of 3%, with a 2.25% reduction after 24 payments if the total adds up to more than $20,000.00. These companies can help in other ways as well. Sometimes they negotiate a lower payment schedule, thus aiding the student in keeping the payments current. They will also work toward the reduction of collection fees if the student loan debt has been turned over to a collection agency. Another way they can help in some instances is to negotiate a suspension of payments for a period of time until the student is in better financial condition to take care of their student loan debts. In rare cases, they can arrange for a forgiveness of the debts, thus freeing the student of the obligation permanently. When looking at the total cost of schooling it is important to acknowledge the duration granted to pay this debt off and certainly remember 2 Timothy 1:7 "For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind."

Late payments are reported to the credit bureaus. The online companies that assist in the ways mentioned above often help with the rehabilitation of a student's credit after the new arrangements have been made concerning student loan debts, thus helping the borrower to remain financially solvent. Some students work between semesters and have part-time jobs during the school year to gather funds for repayment. If their health or some other obstacle has prevented them from earning the necessary money to pay back their student loan debts, they will most certainly need the services of some advocate to get them through the process without severely impoverishing themselves.

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Consolidate Federal Student Loans

To consolidate federal student loans is a wise decision because borrowers can combine several college debts into one and only have one payment per month to meet. The new payment tends to be lower than the combined payment of all the previous lending. The borrower might also save on interest when consolidating. It is much easier to make one payment instead of two or three, as many people may have taken out three or even more college debts to pay for their education. Most any lender will be able to help by offering programs to consolidate federal student loan. This will relieve the stress of having to make several payments each month.

Especially if the interest is high, consolidation can lower the overall interest rate. In this instance, when people consolidate federal student loans, it will save them hundreds of dollars in interest over the term. There are a variety of programs available to suit one's needs. The Internet is a great place to begin searching for options to consolidate federal student loan packages. There are many different search engines to assist borrowers in finding programs.

To be eligible for consolidation, the applicant must either be out of school or enrolled less than half time. They also must be actively repaying student loans or still in the grace period in order to consolidate federal student loan packages. Usually, a minimum amount of college debt is required. This will vary from lender to lender, but the median amount is ten thousand dollars. The interest on federal college lending is tax deductible, whereas with private lending, it is not. So when considering whether or not to consolidate federal student loan, borrowers should not do so with any private loans or they will not have the advantage of deducting the interest on the next income taxes.

Some federal student lending will allow for borrowers to defer the payments until graduation. Additionally, they might allow the borrower to defer if they graduate but return to school at a later date. If the college attendee decides to consolidate federal student loans, he or she should choose a lender with a low interest rate and reasonable payment terms. "If the iron be blunt, and he do not whet the edge, then must he put to more strength: but wisdom is profitable to direct" (Ecclesiastes 10:10).


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Consolidate Student Loan

To consolidate student loans is a great opportunity for college graduates to repay lenders and provides the option of possibly pursuing a lower interest rate and even one, smaller monthly payment over a longer term. Consolidation offers a major negative aspect which is the possibility that the borrower will actually pay more over the repayment term because of a variety of issues that may arise.

Consolidation should be considered and completed if it will provide a lower interest rate. If the interest rates on current loans are lower than the consolidated amount, however, there would be no need to consolidate student loans. The consolidation process provides a great opportunity for students, especially those just out of college with no job or limited resources to fund the payments.

Many college students, with lenders that need to be repaid, have a wide variety of payments. By choosing to go ahead with consolidation, the payment is often stretched over a longer period of time, allowing for more payments at a much smaller amount than originally thought. To consolidate student loan allows the individual with payments to focus on saving money or putting the money toward other bills. This is the wise thing to do. "Wisdom is good with an inheritance: and by it there is profit to them that see the sun" (Ecclesiastes 7:11). After college, graduates can expect some time to pass before they find the perfect job. Any extra cash after they consolidate student loan will be helpful to staying afloat until the right job is available.

Consolidating may not be the most ideal option in all circumstances. When loans are consolidated, the interest rate does usually drop, but it provides a longer period or term of repayment. This longer period is usually twice as long as the original, often making the amount of total repayment of the consolidate student loans much higher than it would be without consolidation.

Consolidation is something that should be considered by college graduates with lenders to repay. In some circumstances, it is a great idea. Lower interest rates can be very appealing. Smaller monthly payments is also a great feature. To consolidate student loan may not be the best choice if the amount of money repaid over the period of time is greater than it would be without consolidation. The choice for consolidation will vary on a case-by-case basis, depending on the terms both before and after consolidation.

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Consolidate Private Student Loans

In order to consolidate private student loans, the borrower must be aware of what lending institutions were used to provide the original funding. It is common for a graduate to consolidate private student loan programs with other lenders in order to avoid massive monthly payment amounts that are impossible to maintain. When national interest rates are low, lenders advertise consolidation agreements that will be of use to college graduates. This benefits these new lenders, who pay off the original debt, as well as the individual who gets one low interest rate for the combined process of consolidation.

To achieve consolidation, all information concerning a student's financial history pertaining to education must be given to the lender. Lenders that offer to consolidate private student loan agreements are offering a great benefit to the individual. If the information to complete the process can not be found, the lender will attempt to find it. There is no guarantee that the record will be correct, so the risk is with the borrower, because if the lender chosen to consolidate private student loans misses a loan, it cannot be included later in the consolidation process, when found.

Keeping accurate paper records to consolidate private student loan matters is essential. These records will include paperwork from lenders that offered the original funds, statements from the school, and information from lenders advertising consolidation. It is not uncommon for a student to receive letters in the mail weekly advertising these services. If the borrower is concerned because accurate records have not been maintained, there are governmental websites that can help an individual get organized in order to complete the consolidation. It is suggested that as loans are bought and sold at the secondary market level; paperwork, whether important or not, should be filed away in a file.

Borrowers must wait until their loan has gone into the repayment phase before they can seek consolidation. This means that they are ineligible to start the process until their schooling has ended and their deferment period is over. Once the deferment period is over, the student can consolidate private student loans freely with whomever they choose. It is important to note, that a Christian student promising to pay back an obligation is not only giving their word to the lender, but to God. The Bible says in Ecclesiastes 5:4-5 "When thou vowest a vow unto God, defer not to pay it; for He hath no pleasure in fools: pay that which thou has vowed".


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Student Loan Consolidation Companies

Student loan consolidation companies help graduates consolidate their financial aid obligations into one amount at a reasonable interest rate. Typically, college students finish college with multiple loans. A lot of these loans are from different lenders and are at different interest rates. With a student loan consolidation company, students can change five payments into one and possibly cut down on the overall total they are paying each month. For this reason and more, it can be very helpful for graduates to work with lenders to consolidate.

Before finding a student loan consolidation company, it is important for the individual to gather all of the information on their debt. They should know the lenders, terms of agreement, monthly payments, and interest rates for each. The graduate will have to provide this information to the student loan consolidation companies. Also, they will need to know this information to compare offers and quotes to the rates and terms on the current obligations. It is important to aim for an interest rate that is lower than current rates. The individual should be prepared to have their credit checked along with employment status verified. Applying with a lender to consolidate payments is just the same as applying for any loan. The lender wants to know that the individual is reliable and not a risk.

A person will probably want to begin searching for lenders that offer the option to consolidate before graduation. The college financial aid office can recommend a good lender. If possible, the individual should plan to consolidate as soon as loans come due - typically, payments begin six months after graduation. If the graduate is far beyond that point, they can still call the college's financial aid office for advice. Asking friends, former classmates, and other graduates which student loan consolidation companies they have chosen, will also provide some help and insight into a good service to pursue.

The next step to finding student loan consolidation companies is to check on the Internet. Many states have college foundations or education information websites. These are particularly helpful when looking for a lender referral. Also, an individual can use a search engine to find a national student loan consolidation company. There are more than enough choices available. It is important to be discriminating when choosing the best one. The individual should be very concerned about fees, rates, terms, and penalties that are included in the consolidation process.

Working with a student loan consolidation company is probably one of the wisest choices a person will make coming out of college. This can save hundreds of dollars in interest and possibly shave years off of the terms of current obligations. The key is to work hard at paying off the education debt that has accrued over time. The individual must realize they made a promise to repay the debt by signing promissory notes. "Sanctify them through thy truth: thy word is truth" (John 17:17).


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Student Loan Consolidation Programs

A student loan consolidation program provides the opportunity to pursue financing with lower monthly payments and can be found through many educational and financial institutes. They provide the opportunity to receive lower fixed interest rates on outstanding debts and is a great opportunity to repay outstanding debts sooner while saving money in the long run.

Many federal, state, and local companies will provide this option and the information can be obtained through a myriad of different lenders. More often then not, the schools themselves, through financial aid programs, can provide information on consolidation of debts. Through a student loan consolidation program, one has the ability to take all the loans that have accumulated over the years and replace them with one at a single rate versus several with differing rates. With the many companies and terms that are offered with student loan consolidation programs, it is more than feasible that the best rates and terms can be obtained.

Many times, upon graduation, employment may not be available immediately. While the job search process takes time and money, student loan consolidation programs can offer the benefit of paying one monthly payment instead of numerous payments that often have been accumulated through years of college. The option provided by a student loan consolidation program offers the individual a lower monthly payment and the ability to write one check instead of maintaining information on every separate one that has to be repaid.

Lower interest rates is an attractive incentive to take advantage of consolidation. Many student loans have high interest rates with a short time period to repay. Often, student loan consolidation programs can offer a much lower fixed interest rate and a longer period to repay the loan, usually double the original time offered. While this may make the total amount to more to be repaid, it allows the individual to pay less per month, especially in the beginning when a job may be hard to find.

Finding oneself out of school and without employment and/or a regular salary coming in be scary place to be. With debts looming over, student loan consolidation programs are a wonderful option for those individuals with loans to repay. The lenders that work with these financial programs can offer lower monthly payments and lower interest rates, if the individual is willing to lengthen the term of repayment. Christians needing to repay student loans also have the option of pursuing a student loan consolidation program. In gathering information and determining the best choice, it is always important to ask God for answers. The Bible says, "Commit thy way unto the Lord; trust also in him; and he shall bring it to pass." (Psalm 37:5)

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