1NetCreditCards.com

Archive for the ‘Loans’ Category

Question by Lyric: How do I get loans to obtain another bachelor’s degree in a different field?
I was denied loans to obtain my bachelor’s in nursing because I ALREADY have a bachelor’s in business. I need my nursing degree for the field I now want to go into, but I have to get student loans to obtain it. I have never had a student loan so why is this so difficult? Will the new stimulus package help with the student loan process?

Best answer:

Answer by J812001
I am in the same situation as you. Here is what I did.

Fill out your FASFA form online (www.fafsa.ed.gov). Add all the schools that you intend to attend on your FASFA. Different schools have different deadlines to have your FASFA submitted. The earlier you submit your FASFA the better so that you can meet the deadline for all the schools. You must obey your school’s deadline not the federal deadline for your state. The school receives money from the FED and they prepare a financial aid package for all the students that meet their deadline and that are accepted. The student package consist of scholarship, Stafford and Perkin loans. This all depends on your family’s expected contribution toward your education. Whatever amount extra that you need you have to get a private student loan which is credit base. Your parents could also take a student loan on your behalf. For private student loans try Discover student loans and sallimae as. Your school should have a list of all the lenders that offers private student loans as well as a list of scholarships that you can apply for. Good Luck !!!!

If your expected family contribution is zero and you are interested in working in undeserved communities after you graduate for a free education. Check out the following link:

http://bhpr.hrsa.gov/nursing/scholarship/applicantbulletin/default.htm#benefits

ss

Know better? Leave your own answer in the comments!

by rinkjustice

Question by Kyle: What happens in student loans under contingent if a disability is filed and a spouse is on the plan?
I am eligible to have my student loans removed due to a severe, lifetime disability, diagnosed five years ago. We did the income contingent plan but since I will have my loans discharged, what happens to my spouses eligibility to ever return to school and get a loan? Does her loans that aren’t on the contingent plan combine with ones that aren’t?

Best answer:

Answer by just not that
you and your spouse are two totally separate people. Your getting your loans discharged has absolutely nothing to do with their eligibility or their loans. If they have loans, or want to get loans, you have nothing to do with it. They can do that, again, you aren’t that important and no, loans of spouses never “combine”… again, you are two separate people.

Know better? Leave your own answer in the comments!

Question by : What is a good loan consolidation program for Federal and Private student loans?
I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If you know of any good ones that you have heard of or used in the past, please leave a description or website so I can look into it. If you are a loan company, don’t bother answering the question as I will mark it as Spam. Thanks.

Best answer:

Answer by stressedandconfused
I used direct loan consolidation. It took about 2 months.

http://www.loanconsolidation.ed.gov/

Give your answer to this question below!

by taberandrew

Question by : How do student loans affect a mortgage applicaton?
I have $ 60,000 in various student loans, but since consolidating my combined payment is only $ 300/month. I have no other debt. Do lenders view student loan debt differently due to the flexibility of the loans? Also, would they look more at the total amount of the debt or the monthly payment when determining the rate and loan amount?

Best answer:

Answer by mar c
it’s the loan…they do not care who you owe it to

Know better? Leave your own answer in the comments!

Couple learns hard way; payday loans illegal in NC
GARNER, NC (WTVD) — Since 2006, it has been illegal to operate a payday loan businesses in North Carolina. However, years later, companies are still taking on customers. Now, a Triangle couple is in financial trouble over it.
Read more on abc11.com

Billion Mortgage Agreement Doesn't Let Lenders Off Hook
Government officials can pursue claims related to the packaging of loans into securities, criminal-enforcement actions and fair-lending violations, US Attorney General Eric Holder said yesterday. The $ 25 billion deal with the five biggest servicers …
Read more on BusinessWeek

Draghi Urges Banks to Take ECB's Cheap Loans
Learn More FRANKFURT—European Central Bank President Mario Draghi openly encouraged European banks to take advantage of the ECB's next offer of cheap three-year loans later this month, saying use of the facility shouldn't be interpreted as a sign of …
Read more on Wall Street Journal

Student loans could be next 'debt bomb'
8 (UPI) — More than four of five US bankruptcy attorneys say the number of potential clients with student loan debt has increased in the past three to four years. The National Association of Consumer Bankruptcy Attorneys said a nationwide online …
Read more on UPI.com

Gateway Mortgage Group Experiences Record Loan Volume in 2011
TULSA, Okla., Feb 08, 2012 (BUSINESS WIRE) — Gateway Mortgage Group, a privately held mortgage company providing conventional, FHA and VA loans through 50 retail branches nationwide, announced that the company saw record growth in 2011 with a nearly …
Read more on MarketWatch (press release)

DOE to Recover 70% of Bankruptcy Loan
The Department of Energy (DOE) has been under fire with several investigations for loans to companies that have later filed bankruptcy. The most infamous and largest is with Solyndra, but Ener1 and Beacon Power also received loans.
Read more on CleanTechnica