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Michigan Student Loans

Billie Said:

Trying to be supportive BF: How can my GF find out about all her student loans, and a consolidation option?

We Answered:

Sallie Mae will not consolidate loans if they are federal (student) and private together. What will end up happening is they will do two consolidations. (one for private and one for federal stafford) Who better to answer that but Sallie Mae...have her contact them and they can tell her in a matter of minutes what they can or cannot do. 1-888-2SALLIE (888-272-5543)


As far as for the rest of the question...here goes.

First off, she needs to go to a website to access all of her federal loan information.
www.nslds.ed.gov

This website is the U.S. Department of Education's database of students federal student loans. When she logs in...she will be asked for a pin number. If she doesn't know it, go to the FAQ section and follow the instructions on how to obtain one. DO NOT GIVE IT OUT TO ANYONE!! NOT EVEN TO FINANCIAL AID!!

Secondly, if Sallie Mae is her lender and she wants to stay with themthrough consolidation...she needs to get the facts. 1-800-448-3533 / www.smartloan.com

This will give her the information she needs on consolidation. She needs to make sure that one of the questions she asks is:
I want to consolidate my loans so I only have to make one payment a month but I do not want to lose any of my grace period. When is the best time for me to start the process of consolidation?

If Sallie Mae says no to consolidating the other loans...ask them if they can "combine them." Unless she would rather make 3-4 payments a month depending on how much they consolidate.

Keep in mind also that if she has a bank account and has an automatic withdrawal...she may be able to reduce her interest rate. I would have her ask Sallie Mae for details.

Not yet Disbursed. You are correct, the monies have not been sent to the school on her behalf yet. She needs to contact the school to find out if it has now been done or if they do not need it. Sometimes, the data on the databases does not get updated right away. The best way to find out is to ask her financial aid office. There may even be a final balance that the school is awaiting the funds to cover it. This is called a late disbursement. Best person to answer that is financial aid.

Donna Said:

Is he responsible for paying his estranged wife's student loans?

We Answered:

What she owed before they got married is not his responsibility. He should not pay any of her student loans whatsoever!

Brandy Said:

How can I find out how many private student loans I have taken out?

We Answered:

I would contact your schools fin aid office. They should have all that information.

Barry Said:

Student Loans Through Sallie Mae?

We Answered:

Deevon:

Disbursement date is the date that your loan funds are sent to your school. From your description, it sounds like the lender has already disbursed your funds - I'm going to guess that your school has the proceeds of the loan, but that they haven't processed them yet.

In trying to figure out where the bottleneck has occurred, I'd start with the cashier's or bursar's office at your school. Bring them a copy of your printout, showing that your loan was disbursed on March 27th.

I can't say how long it takes your school to process loan receipts in, but at least they'll be able to offer you some guidance on when you can expect the funds to be credited to your student account.

Good luck!

Nina Said:

In Michigan if you have an old defaulted studen loan, can you go to a community college if it hasnt been paid?

We Answered:

If you have defaulted on a student loan you cannot get another loan until you make it right. You can enroll in any school regardless.

Dave Said:

how much of my tax return can my student loans claim?

We Answered:

First of all, they aren't claiming your tax return. They are taking your refund. They can take the entire overpayment.

Your tax refund is from money you paid through withholding. You can change your W-4 so that you don't pay in so much. Your refund will be small, but since your refund is going to pay your debts, I doubt that is a problem for you.

Too many people treat their taxes as a savings account. You have learned the hard way just how bad that strategy is.

I hope this helps.
Gary

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buy custom written essays said:

It is very easy propose there is a special department which was started few months back by the all the universities in Michigan state. Once if your GF can go that place and showing her identification proof she get all her data from there and they will be clearing the doubts for students also.