21 Aug, 2009
I had to pay for all 4 years of college using student loans, and now I’m paying them back @ $700/month.
Obviously, I want this payment reduced, especially while I try to find a better job than the one I got right out of college.
They’re all from Sallie Mae, but they’re multiple loans. Can I consolidate multiple loans from the same company? They all have separate interest rates.
Is there anything else that I can do to lower my monthly student loan payments?
27 Jul, 2009
If my payment on my student Direct Loan exceeds the agreed upon monthly payment does the extra amount come off the principal or interest or both.My int. rate is 3.5%.Should I put the extra money into a traditional IRA instead earning 4.35%APY currently?
22 Jul, 2009
I understand that it is possible to make a deduction from your taxable income from interest paid on qualifying student loans.
I believe I qualify for this, as I have been paying on my student loans for some time now. However, how do I go about showing this? I don’t recall getting any particular form from my student loan lender. I have statements, but I believe they just show the payments that I’ve made, and not how much has gone towards principal and interest, etc.
Can I request a form, or is there another way to go about doing this?
17 Jul, 2009
I attended a university for a few months this past summer. I came back to my hometown and got married. During the time that I was at the university I took out a student loan. The interest on it is outrageous! I have a baby on the way and would like to continue my college education, but cannot afford it. Does anyone know of any support thing that helps pay for previous student loans?
