Comments on: Finance Fridays Bonus: Student Loan Rehabilitation

By: Jennifer Gniadecki

Jennifer Gniadecki — Wed, 18 Feb 2009 01:59:50 +0000

Thank you Courtney!!!

We were told the other by the bill collectors and I believed them!

By: Courtney

Courtney — Wed, 18 Feb 2009 01:28:15 +0000

“The USDE does not do auto debit”
Totally NOT TRUE! In fact, if you do autodebit with them, they give you a percent point off your loan interest! Woo-hoo! In fact, I am doing auto-debit with them RIGHT NOW!

By: Joanny

Joanny — Wed, 11 Feb 2009 18:34:42 +0000

Just found your website — great information. It is good to learn about these things before you go down the wrong path with defaulted loans.

I had a small loan I defaulted on it got sent to collections they would not budge — not one iota, they said if I paid it off in full they would cut they interest down— I borrowed money so I could paid it off and they took a small amount of interest off now it is on my credit report as a not paid in full collected debt for seven years, ( and paid off the other loan)
Now at least I was able to get back in school and now am finishing up my Master’s —
Joanny

By: The Budget Might Kill Me This Month : Beyond Mom

The Budget Might Kill Me This Month : Beyond Mom — Mon, 09 Feb 2009 16:11:30 +0000

[...] might be thinking, why not just catch up with your tax return? Because of the way our student loan rehabilitation works we have to wait until April 18th (or beyond) to file our tax return so the refund isn’t [...]

By: Jennifer Gniadecki

Jennifer Gniadecki — Sat, 06 Sep 2008 13:22:20 +0000

You can only rehab once, so if you’re going to talk to them make sure you’re ready for a long-term commitment!

By: Eric

Eric — Sat, 06 Sep 2008 13:10:35 +0000

Wow. Great advice. Reminds me that I need to stop ignoring the calls about my student loans.

Erics last blog post..Review: Alberta Cross – The Thief & The Heartbreaker

By: Cindi

Cindi — Sat, 06 Sep 2008 02:13:06 +0000

This is great information! I defaulted on one student loan about 10 years ago. They were going to garnish my wages. I did the nine month thing and wound up paying it off in full before the due date. The loan was small, maybe $1,500.

Now my husband and I both have huge loans coming due. We have deferred twice. We have one more deferment left because they only let you do it three times and then the crying begins. I don’t look forward to it because the way things stand now, we can’t pay them. I have a year to figure it out though. Time will tell.

It is just nice to know that we are not alone in the black hole

Cindis last blog post..Being OK With Me