how does one go about processing loans? is it something taught in school? or is it taught at work?
488621
you can start as a jr. processer and they will train you.  otherwise ROP offers classes in loan processing for free.  as someone who has been in the business for years there can be lean times.  Ameriquest just had a big lay off  - 3,400 people.  that's because interest rates are up so no one wants to refi. also the housing market is cooling down. it might be tough until summer, even still rates don't seem to be going down at this time.
1186008
I am in college currently and owe alot also in loans. But, that aside in most ways yes it's a waste of time. I haven't learned anything new really but it's a way for someone to get money and another one to discriminate against another really. I could do many jobs without a a degree but to do them they require that sheet of paper.So, I guess if I get more and can actually get a job in my field. I also look at the fact that I can learn something and pass it on to help others in life as life is a learning experience.
1051819
One excellent website you might want to check out is fastweb.com.  This site a clearinghouse of scholarships offered by companies, schools and foundations.\n\nIn order to access their database you must first fill out a rather lengthy bio but it will be worth it in the end.  Be sure to include various ways to get in touch with you.\n\nAnother suggestion I have is begin looking into internships.  This a great way to get involved in a chosen profession and can lead to a paying gig to help pay for school.\n\nAs far as student loans are concerned, you will need to fill out the FAFSA, which is a federal student financial aid application.  This has to be done first in order for you to qualify for financial aid.  Most loans do not require you to begin paying them back until after school is ended, but they all have some kind of interest rate, otherwise they wouldn't be a loan.\n\nSome final advice try not to take out more in student loans then you really need because it really stinks to have pay them back.  Believe me I just started and I really miss that money every month I pay to my lender.\n\nGood luck and I hope I helped you.
1146319
you first need to apply to the school and get accepted before filling out any student loan papers. Once your accepted you also need to have gotten your visa, green card, or whatever or be in the process of getting it. Then apply for student loans and aid. It shouldn't be hard.
447373
Yes, But what type of loan are you seeking, commercial or personal. We can do any type of loan or grants. How much loan do you need? Do you have the income to repay the loan back on time. Are you interested in any grant money.
657100
Providing you havenet used it yet, student loans come wiht what is called a forbearnce. Its used in times of hardship. YOu need to call your loan provider and see if you can apply for them. You may not be able to now that you've defaulted but its worth a try. the forbearnce will bring you current, and maek it so you only have to pay the intrest on you loan. I had to use it.
454442
I got student loans through my school. First I applied for financial aid through FAFSA and then I gave them my school info. Then on my schools' website there is a place that talks about financial aid and I clicked the link and it told me places/banks/financial institutions that loan money. All I did was fill out the Master Promissary Note and Whola!!! I have money for school. All I had to do was send some verification to my financial aid (W-2's for my husband and I and a copy of our tax return) and I was ready to go.\n\nYou can also look for scholarships at www.fastwebs.com
327744
I used to be a mortgage processor for citibank, we answered customer and broker calls, we checked the status of the loans, and did the paperwork. It would be a little different if you are working for the broker, for instance you would have more contact (face to face) with the customer.
958443
Only if you go into teaching or nursing, there are programs for loan forgiveness. I have included the sources for loan forgiveness.
889633
You ask for a deference or forbearance. Most student loans are deferred till 6 months after graduation anyway, and if you haven't found a job by then, you just call up the owner of your loan and request an extension. Forbearance is sort of the same, but leans more toward the 'hardship' part of not being able to pay.\n\nSomething you should know though (and it's quite important) is that:\n\nEven if you defer or forebear, interest WILL continue to accrue (unless you have a Federal subsidized loan)... actually, I believe that even if you do have a Federal Subsidized Loan, interest continues to accrue AFTER the 1st deferment term expires.\n\nYou should also maybe look into a 'Sliding Scale Payment Plan", which allows you to make your payments according to what you're making/worth. For instance, if you have a part time job, your first year of payments will be REALLY low, and they increase with time.\n\nThe BEST way to go about this though, is to contact your lender, and find out what your options are. They're usually very helpful with such things.\n\nPS: If you have federal loans, you might want to look into consolidation AS WELL as deferment... Good luck.
280934
If u have a school in mind, contact the LEA (local education athority)for where the school is - They helped me to get student loans (which you only back when u can afford it and it is interest free) and financial aid.
278596
6-10 years (if you haven't stated in school already), depending on how long you take. Keep in mind that if you stay in school for that whole timespan, any loans you take out won't need to be paid back until you graduate (because who has the money to go to school for 8 years!). And by that time you will have a degree that pretty much guarantees a high-paying job, so it will be easy to pay off. Just don't take out a loan if you don't have the dedication to stick with it! As far as operating a business while in school it woul be hard but feasable. You would either have to take fewer classes, thus take longer, or make sure your company stays very small while you are in school so you don't get too swamped. Having a business takes a lot of time, even if it's not making much money. You have to file taxes quarterly and deal with a lot of other beurocracy and paperwork.
966780
Only through experience.  I am a mortgage professional too, with another company.  I'm still pretty new at it;  a lot of it is plain dumb luck.  The other half is getting the borrower to qualify under all the terms of the loan (income, credit, appraisal, w-2, DTI, etc).  It is extremely hard sometimes, and you get a lot of "fallout".   And, it depends on your compensation as well.  But as far as terminology and correspondent lenders, qualifying and amortization, those "complicated" things get easier over time.
306887
call the banking institute that holds the loan and tell them what you need they will send it to you
1155866
Actually education loans in banks are given at a low rate of interests and you will havea lot of facility ......\nlike you neednot repay until you get a job......the instalments will be cut from your salary......but there will not be any burden on your family as well....\njust enquire in a bank..i think its the best option...
21905
No doc loans are usually for self-employed.  You will usually pay a slightly higher interest rate.  If at all possible stick with a standard loan.
350475
The best thing is contact your schools fin. aid office. That way they can tell you what the status of your grants and loans are.