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Federal Government Student Loans

Frederick Said:

Can Federal student loans issued by the government survive bankruptcy?

We Answered:

Any federal student loans are non-dischargable by bankruptcy. If they are not federal loans, they CAN be discharged. If this school was a legitimate scam, you may want to seek legal help to rid yourself of the waste of money.

Leroy Said:

Federal or other Government Student Loans?

We Answered:

Here's where the records are: The National Student Loan Data System at

"The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data."

Jaime Said:

How do i find out about free government money for federal student loans?

We Answered: is the web site for Federal loans.

Valerie Said:

Federal government taking over student loans?

We Answered:

The federal government has gone from a small entity with important but limited responsibilities as defined by the founding fathers to a huge, bloated, always growing, often corrupt inefficient entity that is systematically taking away our individual and states rights.

Does anyone really believe the federal government can be more efficient that the private sector doing anything, including administering student loans?. This is a strategic opportunistic grab by the so-called progressives to establish a direct relationship with these students who will now be dependent upon the federal government. My guess is they think these student will feel beholding to the liberals/progessives, and plan to use the connection to influence these students over time.

If this is change we can believe in, call me a nonbeliever.

We need to systematically, beginning in November, take our control back and elect fiscally responsible candidates who believe their job is to represent us...not their party or ideology.

Cecil Said:

1) what federal government organizations consolidate student loans?

We Answered:

Sallie Mae (Student Loan Marketing Association) offers loan consolidation, as do any number of lenders. I would stay away from big banks like Citi, Bank of America, Chase, etc that offer consolidation. Stay with an outfit that only deal in student loan paper.

There are no "federal government organizations" per se that consolidate or make loans. The lenders that do are authorized by the feds, but are not government agencies in and of themselves. There are some state-run organizations, like the Ohio Student Loan Commission, Kentucky Higher Education Commission, etc. But nothing federal. The feds simply guarantee the loan; that's all.

When you consolidate, be wise about what your getting into. There are a lot of offers out there to REDUCE YOUR PAYMENT BY 75%!!! for example. But what this does is extend the payment period to 25 and 30 years, thus making the actually repayment amount up to ten times what you actually borrowed. So be careful.

Don't sign anything until you see the Truth In Lending statement which spells out the real deal. If you are confused, ask your banker or a knowledgeable friend or parent to look it over and help you make a good decision.

Julian Said:

How many times can you defer your student loans with the federal government?

We Answered:

As long as you qualify for a deferment you can continue to take it. After consolidating the rules for deferments might have changed so each time you think you might qualify for a deferment ask your lender. Forberances are were you accure interest on all parts of the loan but do not have to make any payments can be taken quite frequently too as long as you qualify and keep within the lenders restrictions.

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