Peter Said:

can i consolidate my student loans?

We Answered:

You'll probably have to find a lender that is willing to buy and consolidate all those loans for you. Just good luck with that, 40,000 is a big risk to take for anyone who just in college or getting out.

Alan Said:

Can student loans such as MOHELA prevent you from going back to college?

We Answered:

It all depends on what you want to get out of it. Check out my financial aid blog for more financial advice info and more useful ideas
http://student-loans-info.50webs.org/

Adrian Said:

How long do your non-payments of student loans ride out before they start taking your taxes/garnishing wages?

We Answered:

The same thing happened with my husband....they started taking our income taxes after 5 years of nonpayment, and about 1 month later they garnished wages. First they took our income taxes, then they began garnishing his wages.And to be more specific, the law allows them to garnish up to 25% i believe. They are garnishing 15% of every pay check my husband gets. There will be no warning when it comes to getting your income taxes, however, you should receive a letter stating their intentions to garnish wages. Does your wife have a job? If so, you can file an injured spouse for with your taxes so that she can get her part back. Basically that seperates your income from hers; to maximize how much you will get back, on the injured spouse form, let her claim the kids. You'll receive a check for her part of taxes and the rest will go to the company who has your account from student loans.
Good luck.

Jay Said:

Can student loans such as MOHELA prevent you from going back to college?

We Answered:

universities.atwebpages.com - it provides some tips about applying to US federal and state grants for college students.

Armando Said:

Student loan consolidation general question?

We Answered:

When it comes to Consolidating your Federal Student Loans through the FFELP Consolidation Loan Program you will only be allowed to obtain funds for the amount that your loans are for.

Once you have a FFELP Consolidation Loan in process the company that you decide to consolidate with requests your amounts of your loans from your current Lenders, once those funds are released the amounts the checks are written for are your current loan amounts and are paid to your current Lender(s) to payoff your loans and create a new Consolidation Loan.

If you are considering combining your Credit Card debt with your Federal Student Loan debt I would advise against that for two reasons. One reason is you are unable to combine your Federal Student Loans with any other debt you may have under the FFELP Consolidation Loan Program. The second reason is if you were to combine your Federal Student Loans with your other debt you would lose all your Federal Benefits that are attached to your Federal Student Loans. For more information on your Federal Benefits please visit the source below.

Catherine Said:

How would I find out if my income tax return will be offset this year?

We Answered:

Try calling 1800 304 3107, this is the treasury offset call center. You put in your SS number and they tell you if you have any federal debts.If you go into loan rehabilitation, sometimes they'll "unflag" your social security number. Good luck:)

Tony Said:

forbearance denied, what can I do?(college)?

We Answered:

Do you have a private loan or a federal stafford loan? If it's a private loan, there's no guarantee that they will defer the payments while you're in school. If it's federal they will. You need to file a deference, not a forbearance... and, actually, your school's financial aid office should complete this for you. You need to make an appointment to speak with a financial aid adviser and have them request a deference since you are in school. Until then, if a payment comes due, don't miss it. If you default on your loan it will not be eligible for deferment.