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Whats the best way to take over student loan payments from parents?
When I attended college my student loans were put in my fathers name.
Now that I have graduated, I would like to take over the payments.
The loan company (Nelnet) won’t let us and say we have to either make payments to my parents or get a personal loan to cover it.
My husband and I are considering the latter.
Any advice??
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This entry was posted on October 27, 2009, 12:02 am and is filed under Student Loans. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.
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What happens to the status of student loans if I transfer undergraduate schools?
December 30, 2009 - 6:17 pm
Posted in Student Loans | 1 Comment
I just transferred undergraduate schools and still have some student loans from my previous school (Sallie Mae and Federal Direct loans). Is there some sort of clearing house that my new enrollment status will be sent to so that the loan agencies know that I haven’t just stopped going to school (and thus cause [...]
Can student loans prevent you from leaving the US?
December 23, 2009 - 12:25 am
Posted in Student Loans | 4 Comments
If I am a US citizen with student loans (about 13k) will I be allowed to leave the States?
I am planning on moving to another country for a period of time in order to get married to my fiancee. However, I intend to return to the States and pay the loans in any case.
Related Post:What [...]
What does it mean when my student loans have a zero balance due to a claim?
November 24, 2009 - 9:40 am
Posted in Student Loans | 2 Comments
My student loans are through NelNet and I received a letter from NelNet instructing me to stop making payments. The reason they give is that my student loan account has been paid by a claim and now has a zero balance. I have had student loans since 1995; but I also have filed [...]
How can I use my CC to make student loan payments?
October 26, 2009 - 3:07 pm
Posted in Student Loans | No Comments
They say it would be like accruing debt to pay off debt. But how come I can use my CC to pay off auto loans, or mortgage? I wish I could use my CC to get cash back or miles while paying off my student loans
I have the money to make the payments cash, but [...]
How do student loans affect a mortgage applicaton?
October 18, 2009 - 6:27 pm
Posted in Student Loans | 4 Comments
I have $60,000 in various student loans, but since consolidating my combined payment is only $300/month. I have no other debt. Do lenders view student loan debt differently due to the flexibility of the loans? Also, would they look more at the total amount of the debt or the monthly payment when determining the rate [...]
How do student loans work? Once I start paying them back, do I have to pay back consistently?
October 8, 2009 - 10:29 am
Posted in Student Loans | 2 Comments
Like if I have $1000 now gathered from working as a student for 2 years, can I use that to pay some of the loan back? Or, is it that once I start paying back loans, I can’t stop, and I must consistently pay them back every month?
Also, do student loans have minimum sums [...]
Need a personal loan with low credit score?
September 29, 2009 - 10:33 am
Posted in Personal Loans | No Comments
I just recently got engaged and I am looking into trying to get a personal loan to help pay for the wedding costs. The only problem is that I have a credit score of 566. Is there anywhere that will provide me with that type of loan with the credit that I currently [...]
What specialist can help me plan to take a student loan?
September 26, 2009 - 7:58 pm
Posted in Student Loans | 2 Comments
Are there people that specialize in preparing, organizing, and knowing exactly what, how much, everything for a student loan. Some one like a financail adviser except for student loans?
Related Post:Does anyone know the penalties of defaulting on a student loan?Is it illegal to use a student loan (stafford loan) to make a down payment on [...]
How much per month is the average student loan payment?
September 6, 2009 - 5:00 am
Posted in Student Loans | 4 Comments
Is it usually a monthly bill? If so what could be considered the average monthly payment on student loans? Once I get my undergrad degree I plan to take a year off before I go to graduate school, and will start getting some of my bills that year off, and want to know what I’m [...]
How old do you have to be to get a personal loan?
September 3, 2009 - 9:15 am
Posted in Personal Loans | No Comments
I just wanted to know the age required to get a personal loan, or what ever its called when you get a loan for personal use, not a car, colledge, or house loan.
Related Post:How do I receive a personal loan?How to get a 3500 personal loan (Not Education loan)?Where can I get an International personal [...]
October 27, 2009 - 6:53 am
The smart thing to do is to simply pay your parents. The rate you (they) have on the student loan is almost sure to be much lower than any rate you can get refinancing it.
October 30, 2009 - 1:38 pm
I would just get your account information and have your dad give you the bill every month. From there just pay it every month. Getting a loan would just put you in debt and you could probably not get an interest rate as low as the student loan.
November 2, 2009 - 9:55 pm
You can pay your parents without any hassle at all. Either give them a check, or cash every month when it is due, or a lump sum. OR you can set up a direct debit to pay your lender and just pay it in your parent’s name.
The thing is, though, this doesn’t help YOUR credit. If you can refinance for lower payments and make double you may be able to get as low of a rate as your parents as well as making a nice hike in your credit score. There are plenty of student loans that offer low rates.
November 3, 2009 - 7:55 am
ur parents have loans for ur schooling.
u need to make out checks to the loan company with the proper account numbers and u’ll see them cashed and applied against the loan. without a doubt.
do not get a loan to to cover this . u’l pay high costs , u’ll have it on ur credit slave score. u’ll waste ur cash.
visit daveramsey.com to learn what isn’t taught in schools – how to own ur cash.