Comments on: Help for Those with Student Loan Debt

By: Miranda Marquit

Miranda Marquit — Wed, 02 Sep 2009 15:11:58 +0000

I believe it’s Federal loans. If you have a Stafford through Sallie Mae, it would work. You can get more info here: http://studentaid.ed.gov/PORTALSWebApp/students/english/IBRPlan.jsp

By: Teresa

Teresa — Tue, 01 Sep 2009 22:22:57 +0000

I’m curious if anyone knows if the IBR Plan is only for federal loans. Would a loan from Sallie Mae be eligible for this and how would a person go about getting it going? The loan has not been consolidated and there are 3 federal loans currently in deferment.

By: Miranda Marquit

Miranda Marquit — Sat, 27 Jun 2009 17:21:19 +0000

I don’t know if I’d go so far as to say “terrorist”. At any rate, this program is something that is going forward, and that should help many people — especially those who are having trouble making their payments. This should allow them to restructure their loans so that they are affordable.

By: andrew

andrew — Fri, 26 Jun 2009 19:19:21 +0000

The current loan consolidation program does not permit refinancing once consolidated. Many people are paying in excess of 8% and are FORBIDDEN to refinance. Anyone who is in opposition to refinancing and reform of this situation is a die cast Republican terrorist.

By: Miranda Marquit

Miranda Marquit — Thu, 25 Jun 2009 11:11:01 +0000

I agree Tough Money Love! It seems as though there are way too many instances of making debt easier to get and swallow. And this isn’t going to make things any better.

Thanks for sharing, jr! An entire industry has been built up around education, and one that is quite profitable for a number of people. It really is too bad that we’ve reached the point to where so many experience crushing debt just for the chance at a better job.

By: jr

jr — Thu, 25 Jun 2009 02:33:34 +0000

The USA shouldn’t build an “industry” around education. Young people should not be in debt even before they even enter the work force; debt shouldn’t be the price for entering a profession or bettering oneself through higher education. U.S. citizens pay enough taxes that just paying book & lab fees, being able to support ones self during University should be enough of a hardship for any one entering the system of higher edication such as college and university.

By: Help for Those with Student Loan Debt : Yielding Wealth - Personal … | Money Blog : 10 Dollars : Money Articles.

Wed, 24 Jun 2009 23:59:42 +0000

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By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Wed, 24 Jun 2009 22:23:54 +0000

I just hope that this change in the repayment rules does not encourage even more students to add even more debt to their ledger.

Thanks for the link.