May
01
What Loan company will take over my federal student loans when the loans are in forbearance?
By
What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.
Rent Back
Federal Stafford Student Loans From Nextstudent Have Great Incentives On Already Low RatesAfter exhausting all forms of “free money” for college, such as scholarships and federal grants, the next best thing for students are federal student loans (http://www.nextstudent.com) to help them pay...
All About Federal Student Loan Consolidation and Its Specific FeaturesStudent loan consolidation is essentially considered as a tool to manage one or more debts. Such a loan also allows any student to combine his/her federal or private student loans...
Help me deal with my provincial and federal student loans?I was off work last year and my debts got out of hand. I started receiving calls at work about my student loans. They wanted me to give them a...
Student Loan Consolidation May Get you Up to 20 More Years to Pay Off your Student LoansIf you’re a former student or a college parent with any outstanding federal student loans, you may be able to get up to 20 more years to repay just by...
Students Scramble to Find Student Loans as Fall Semester Draws NearIt’s crunch time for college students trying to secure the money they need for the fall semester. But with lenders continuing to suspend their student loan programs — the count...
Leave a Comment
You must be logged in to post a comment.
1 Comments
June 18th, 2009 at 5:24 pm
No one will “take over” your loans. You will still owe the money to your lender when you are in forbearance. They will simply add interest every month while you are making payments.
If you are asking about defaulting the lender will just contract out with a collection agency to start calling and hounding you to mail them payments. If you make 6 to 12 months worth of willing and reasonable payments you can ask your lender to “rehabilitate” your loan. This is when you are issued a new loan and pay off the one in default so you can get federal fin aid again. Again, rehabilitation can only be done after you have made 6 to 12 months of payments.