Posts Tagged ‘Loan Company’

How can I get a student loan when I’m in so much debt?

Posted in Financial Uncertainty on 03/12/2010 10:32 pm by
TinkyPatz asked:


I have around 100k in student loan debt. I now owe 7k at my university and I have almost no money left from my loans. I’m a 5th year senior and no loan company that I’ve found will lend me money after this semester. I’m currently not in school because of health issues (had to take the Spring semester off). I don’t have a job because I am hoping my health (need surgery) will be resolved before August so I can go to school again. But I can’t go to school if I don’t pay the 7k and I need to pay tuition for next semester. Does anyone know of how or where I can get a loan?
I live in Florida if that helps.
Please no snide remarks, this is serious and it’s my future. ANY help will be appreciated. TIA!

Edwin
 

Is it better for a new grad to pay off loan debt or invest with their money?

Posted in Investing on 03/03/2010 09:59 pm by
johnlert22 asked:


I just finished grad school and I’m in debt about $80,000. I make about $65,000 per year. I got a letter from my loan company saying that in 2005, I paid $1700 just in interest. Seems like so much. I was wondering what is better long term: reduced loan debt or investing and taking the tax deduction from student loan interest?
I think my interest rate on
Stafford loan is about 2.5% and private loan at Great Lakes is 6%. I never got around to refinancing but I think I will now

Frances
 
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