how can I write off my federral student loans?
473115
I don't know about getting them written off but you can ask for a forbearance b/c of financial hardship.  You will still have to pay them but at a future date set up by the student loan ppl. Contact them ASAP! Don't wait to long.  Once they are put into default there will be nothing you can do.  They will take your federal income taxes until the debt is paid in full and/or garnish any future job salaries.\n\nGood Luck!
958823
Hello There,\n\nYES there are plenty of federal student loans available that you can use for anything!! Not just living expenses, but anytihing you need to use them for..\n\nIve used student loans to pay for miscellaneous items many times in the past because its your money... You need to buy what ever you need at the time you are going to college.. Your loans are money you are borrowing to do so...\n\nI work with Student Aid Lending, we are a nationwide lender administed by the department of Education (We have a title IV license)\n\nTake a lok at my yahoo 360 profile.. You can find alot of information about student loans and also direct links to my companies website...\n\nhttp://360.yahoo.com/my_profile-hluduhmi...\n\n\nFeel free to call or email me and i can process the entire consolidation for you in just 10 minutes over the phone..\n\nI hope this helps, and again, do not hesitate to call or email me with any additional questions!\n\nAnd congratulations to you for wanting to make someting great out of your life... I commend you for it! There needs to be more people like yourself that have the drive to want something more!\n\nJason Fry\nFinancial Advisor\nStudent Aid Lending\n1-800-964-0642 ext. 114\njasonf@StudentAidLending.com
720877
First you need to get a copy of your credit report.  You can get one free every year from each of the three credit agencies.  It will detail all of your debts, current and past, and also tell who the companies are and how to contact them.  Here's the site\nhttps://www.annualcreditreport.com/cra/index.jsp\nSome of your debt will stay on your credit report for 7 or 10 years, depending on the type.  \nMany companies are willing to settle the debt, sometime for only 50% of the original amount.\nIf have student loan debt, I advise getting it taken care of as soon as possible.  They tend to be more aggressive and they can garnish your wages and take any federal refunds you might be entitled to.
207012
Apply for a student loan at your local bank/credit union.
1066789
The link below contains a bunch of sample letters to send to creditors.\n\nEmail me if you need more advice.
1119277
You are in a default status because you failed to make payments on your loans.  This is never a good place to be: to get their money back, the loan holder can (and will)\n\n* garnish your wages\n* demand payment of the entire principal balance up front\n* withhold your tax return\n\nand so on...  The default will also stay on your credit report for 7 years *after* you resolve it.  So, essentially, to get out of default, you need to make regular, on-time payments on all of your loans.  \n\nYour first step should always be to contact the holder of your loans.  This may be a lender (a bank, like Citizens or Bank of America) or a servicer (like Sallie Mae).  If your loans have been sent to collections, you will probably need to call the collections agency.  Simply put, make the call to whatever company has been sending you those angry (I assume) letters.\n\nYour loan holder will be able to help you (a) get your loan out of default and (b) arrange a payment plan that suits your needs so that you can stay out of default.\n\nWhenever possible, see if you can "rehabilitate" your loan.  This generally entails making a certain number (usually 6-9) on-time payments, after which you will again be eligible to borrow federal loans AND clear up your adverse credit.\n\nif you don't know who your loan holder is, go to www.nslds.ed.gov to look up your federal student loan history.
209946
Yes...however I know here at Minnesota State, you can fill out forms at the finacial aid office that will retabulate your Expected Family Contribution.  In these forms you have to explain why your EFC does not accurately reflect what your need.\n\nPlus if you make an error on-line when filling out your FAFSA you can go back and make changes...I've had to do it multiple times.
1109396
Check with your student loan provider.  Ask about Consolidation - they will consolidate all of your student loans into one payment.  There is also a graduated payment plan where you start out with smaller payments the first couple of years and they gradually go up as your income likely goes up. \n\nFinally, if you are in a financial bind, you can ask for a forebarence and they will stop your payments - but not your interest - four a couple of months.  \n\nBut to pay them off fast - pay as much toward it as you can.
951718
You can talk with your university about getting a computer loan. I had several friends that got their computers this way and didn't have to pay back the loan until they graduated.
689019
Student loans take time to pay back. Typically you are allowed up to 10 years. Don't think you owe all 18 grand immediately. \n\nSet up a monthly budget and pay your monthly loan payment on time. That way you won't default on the loan. \n\nUsually, you are given 6 months from the date of graduation from college before you owe your first payment on the loan. That way you have time to find a job, get settled into an apartment, etc. before the loan payments start.\n\nOne more bit of advice. Pay extra on the loan every month (towards the principal) if possible. That way it won't take as long to pay it all back, plus you won't pay too much extra for the loan.
1179592
For the best no hassle student loans go with the government. The William D. Ford Federal Direct Loan Program, administered by The Department of Education, is not out for profit like the commercial institutions, does not sell your loan and does not jerk you around like the commercial guys do.\n\nI am getting all my other loans consolidated with them because I am sick and tired of the commercial profit making outfits and the problems they have caused me.\n\nThe William D. Ford Federal Direct Loan Program\nhttp://www.ed.gov/offices/OSFAP/DirectLoan/index.html
136683
If you can't afford to pay off the current student loans, how are you going to pay off a new consolidation loan?  If you default on that one, your credit history will get worse!\n\nWho has listed the loan on your credit report?  The collection agency or the original creditor?  Exactly when did it go into default?  How much do you owe?\n\nHere is my thinking.  First, blow off the collection agency all together if you can.  It doesn't matter what you say to them, your excuse is never good enough.  They will still want your money NOW and will only harrass you.  Send them a letter to quit bothering you, then contact the original debtor.\n\nTry to work out a deal with them to pay it back, but ONLY if they agree to remove the negative marks on your credit report and show the loan is paid in full.  The only reason you are paying them is to get your credit history fixed, but many times the creditor will leave the bad mark on your record.  Get the agreement in writing before you start paying them back.\n\nGo to the links I've supplied below for more information.  \n\nGood luck, I've been this route.
360146
Federal student loans like Stafford and Perkins require no credit check, so apply for those first using the FAFSA: http://www.fafsa.ed.gov\n\nAs for private educational loans...\n\nIf you have a credit-worthy cosigner, the possibilities are endless.  Their credit acts as sort of a "stand-in" for yours.  Do your best to find someone to co-sign for you.  If they are hesitant, look for a loan with a "co-signer release."  This release will let the co-signer off the hook after you make a certain number of payments on time (usually 3 or 4 years worth).  \n\nAs you probably have found, now that you have bankruptcy in your past, you are considered a high-risk borrower on your own.  Any company willing to lend you money will itself be somewhat "high risk" -- the only way they can afford to lend to you is to offer exceedingly high interest rates and unfavorable repayment terms. I hesitate to recommend any specific company since most companies of this ilk are going to be a little disreputable.  I found a few by searching Yahoo! for terms like "bad credit unscecured loan" or "bad credit personal loan."  The loan won't be ideal, but if you can repay it in a timely fashion, you might be able to improve your credit enough to qualify for a lower-rate loan, which you can then use to pay off the "sketchy" bad credit loan.
1083385
It all depends.  I got my first disbursement of my Stafford loan yesterday.  The way it works is, if you still owe money for your classes they will deduct that cost, then send you the balance.  You do not get the money until after you have been in classes for a few weeks.  Do you get a Pell grant too?  If so that usually pays for all of your semester classes and books.  I always get a refund from that too.  That check comes about a month into the semester.  You can get the information from your local college by calling the financial aid office.  They can help you over the phone if you give them your ssn.
608383
If you could provide a little additional information, that would help.  What kinds of student loans do you have?  Have they been consolidated? Are you a teacher?\n\nIf the loan is private, there isn't much that you can do to lower your rate -- most private loan rates are variable meaning that they change with the market and, sometimes, with your credit.  \n\nIf your loans are federal I have to ask: Are you sure the rate is 8.5%??  Federal Stafford loan interest rates have been capped at 8.25% for years.  And the only way your rate would be FIXED that high there would be if you had consolidated when rates were at an all-time high (the last time rates were that high was in 1999).  \n\nIf you haven't consolidated yet, consider doing it right away -- it's the easiest and safest way to (1) lower your monthly payments and (2) lock in a low interest rate while still maintaining the protection of the Federal student loan programs (just make sure you apply for a *Federal* Consolidation Loan).  When you consolidate, any eligible, Federal student loans that you have will be lumped into one new loan, your rate will be fixed at today's rate (5.3% if you're consolidating only Stafford loans) and your repayment term will be extended out beyond the standard 10-year repayment term (for a loan of $46,000, you will probably receive 25 years to repay). Extending your repayment term will mean that your monthly payment will be lowered (often significantly).\n\nIf you have consolidated, the only way that you can re-consolidate is if you...\n\n(1) borrow a *new* Federal student loan (probably not a wise decision, financially, as it wouldn't change your overall rate much)\n\n(2) if you "have been unable to obtain a Federal Consolidation Loan with income-sensitive repayment terms acceptable to [you]," you can obtain a Direct Consolidation Loan, which is the other type of student loan consolidation that the federal government offers. \n\nThis might be your best option. Just make sure that your current loan is a Federal Consolidation Loan (if it's already a Direct Consolidation Loan, you're out of luck). If it is, check the Dept. of Ed's website to see if you are eligible: http://loanconsolidation.ed.gov/borrower/beligible.shtml . There's no credit check on these loans, so it can't hurt to try!\n\nThere are private companies out there that claim to be able to "reconsolidate" any federal consolidation loan. These companies are SO disreputable that I hesitate to even mention them. DON'T DO IT. They're in business only to make money off of you. Many of them don't even deal in Federal Consolidation Loans, so you could end up with a "reconsolidated" private loan with horrible terms and none of the benefits and security of the Federal student loan that you started with.\n\nFinally, about student loan forgiveness: loan forgiveness is almost always not an option for someone who has consolidated, so you will need to make the choice between Loan Consolidation and Loan Forgiveness.  Before deciding, keep in mind two things: \n(1) interest rates are on the RISE and scheduled to rise to 6.8% in July, so if you want to consolidate, you should do it before July 1\n(2) Forgiveness (a.k.a. "cancellation") of Stafford loans is rare unless you are a teacher in a low-income area.  To see if you qualify for teacher forgiveness, read this site carefully:\nhttp://studentaid.ed.gov/PORTALSWebApp/students/english/teachercancel.jsp?tab=repaying\n\nBy all means, if you qualify, go for it!
695378
First, call them and tell them that you want your payments to go toward your Principal Balance, or at least a portion of it. If your current loan does not allow for that, try negotiating with them. They may ask you to put it in writing --for instance, you may need to send a check and WRITE on the check to put it towards priciple. But more than likely, you may need to send your regular payment and AN ADDITIONAL amount that you specify is to go toward principal. If this fails, I would speak with a financial  counselor outside of National Payment Center. HTH and best of luck to you.
33956
When you are enrolled again, you can apply for deferment through the loan company. If they have a Web site, it should be very easy to find information on how to go about doing this.  If not, try the FAFSA site.