student loans

  • rated by 0 users
  • This post has 1 Reply |
  • Can I add my student loans to my program?
  • Good afternoon and thank you for posting in the Community.

    Unfortunately, we typically do not receive any benefits from those types of lenders. A lot of this has to do with the historically low rates that Student Loans receive. We will act strictly as a third party payer which means the creditor still expects the normal minimum monthly payment. Here is a previous post with some repayment options.

    There may be other options as well:

    The temporary postponement of loan payments. During a deferment period, interest is not charged on Direct Subsidized Loans, but it is charged on Direct Unsubsidized Loans. The borrower has the option to pay the interest or have it capitalized.


    An arrangement to postpone or reduce a borrower's monthly payment amount for a limited and specified period. Interest is charged during a forbearance period, regardless of the loan type.


    Also check out, "Simple Strategies to pay for College" in our article library.

    If you have multiple loans you can contact an organization who will consolidate them into a new loan. Most usually provide a six month hiatus from making payments and you may be able to defer them again based on the new lenders policies.




    Most financial experts recommend Federal Direct Consolidation Loan program and few well known banks: Chase, NextStudent, Student Loan Network, and Wells Fargo.



    Coach Tammy

Page 1 of 1 (2 items)