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Archive for October, 2012

Eligibility requirements for consolidating your student loans

Sunday, October 7th, 2012

There’s a good chance you are eligible for a federal consolidation loan. Requirements vary by each lender, so check with them for more information on their fine print. Here are some general guides for eligibility: You have any of the qualifying federal loans that are listed below. You have total outstanding federal education loan balances […]

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Possible Consequences of Defaulted Student Loans

Sunday, October 7th, 2012

If your student loan goes defaulted and you need relief, you will lose the right to deferments and forbearance. You will have to suffer the consequences of your defaulted student loan. Moreover, you may not be offered any additional Federal student aid. You cannot have escape from the brunt of your student debt unless you […]

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