Sirius XM Interview with Maggie Linton 1-14-14
Bruce Mesnekoff was on a radio interview Sirius XM with Maggie Linton 1-14-14
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01, 2014
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01, 2014
If you default on your federal student loan, your loan may be placed with a collection agency
Edited by: Bruce Mesnekoff
Defaulted student loans can be a nightmare to deal with. Third-party collection agencies may be attempting to force payment from you in a single due, also known as acceleration. Your loan may then be placed with a collection agency, causing you to pay expenses for costs that were brought up trying to […]
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01, 2014
Student Loan Repayment 101
Continue to visit and check back for more tips and help on paying off your student loans – Bruce Mesnekoff
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12, 2013
Find out if you qualify for a deferment or forbearance.
If you are having provisional issues trying to repay your federal student loans, it is helpful to contact your loan servicer to see if you are eligible for deferment. A deferment allows you to temporarily stop making payments on your federal student loans. However, if you do not qualify for deferment it is possible that […]
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12, 2013
How to manage repayment of your federal student loans.
To help you get a firm financial foundation, it is important to understand the student loan repayment process. No matter what your financial situation is at any given time, student loans cannot be terminated, and must be paid. Loan servicers will be who you make your payments to, so it is important to stay in […]
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12, 2013
Student Loans: More Debt, More Defaults, More Problems
Americans owe $1 trillion in student loan debt. How did that happen, and what’s the impact on the nation’s economy? Economics correspondent Paul Solman reports as part of his Making Sen$e of financial news series.
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12, 2013
You may qualify for the Income-Based Repayment Plan (IBR).
The Income based or IBR repayment plan is designed to make your student loan payment affordable. The payment is determine using your adjusted gross income, income tax information and your family size. To qualify for this plan you must have a partial hardship. You can calculate your repayment visiting the official loan calculator.
Here are the […]
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12, 2013
Can I Consolidate a Defaulted Loan?
Generally, Federal education loan(s) in default may be consolidated in a Direct Consolidation Loan if borrowers:
Make satisfactory repayment arrangements on the defaulted loans with the current loan holder(s) before consolidating.
OR
Agree to repay the new Direct Consolidation Loan under either the Income Contingent or Income-Based Repayment Plan.
If, before applying for consolidation, borrowers who want to completely […]
10
12, 2013
Congress doubles student loan interest rates… Must Watch!
Due to Congress’s failure to vote on whether or not to keep interest rates on student loans at 3.4 percent, on Monday that number doubled to 6.8 percent. Lawmakers had more than a year to decide on whether to alleviate the financial burden on college students. This increase will affect approximately 7 million students but […]
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12, 2013
Responsible Borrowing
If you are thinking about taking out a federal student loan to help pay for college or career school? Check out this video!