Student loan deferment lets you temporarily suspend making payments on your student loans. Many loans automatically come with a 6 month deferment period upon graduation (usually to allow an individual time to find employment). This applies to most federal student loans, including Stafford Loans, PLUS Loans, Graduate PLUS Loans, and Federal Consolidation Loans. If you [...]
Happy New Year
By
Happy New Year! The College Investor will be back soon! Until then, enjoy the most popular posts of 2010: 1. FedLoan Servicing – The Worst Student Loan Servicer 2. Do Not Buy Gold! 3. Should I Tip The Mailman? 4. Things I Learned NOT To Pay For 5. Thinkorswim: Options Basics – The College Investor
Ways to get Student Loan Forgiveness – Free Money!
By 2 Comments
Student loans can be a great investment in your future, or can be a huge burden if not fully thought out or abused. If you currently have a student loan or are thinking about getting student loans, you should know that student loans CANNOT discharged in bankruptcy. This means that they will stick with you [...]
FedLoan Servicing – The Horrible Saga Continues
By
If you follow my blog, you know that I can’t stand my student loan servicer: FedLoan. This company was contracted by the Department of Education to administer student loans that were bought by the government during the height of the financial crisis. Well, they are total screw-ups, and you can read my original post about [...]
Student Loan Debt in 2009
By 1 Comment
It is estimated that students who graduated in 2009 carried an average of $24,000 in student loan debt, according to The Project on Student Debt. This was an increase of 6% compared to years prior. The scary part is the majority of these students are graduating in one of the worst economic times in years, [...]
Getting Out From Student Loan Debt
By 10 Comments
Recently, I had a great idea to get out from at least one of my student loans and into a better deal! The loan I want to get rid of is a Stafford Loan that currently is at 6.55%, and has a balance of about $10,000. It is at FedLoan, which you can read more [...]
Why I Hate FedLoan Continued…
By
As you may of read in my previous post about why FedLoan Servicing is the Worst Student Loan Servicer, I have a big beef with this company. To add insult to injury, I was trying to update my accounts at Mint.com, and FedLoan is unable to be added as an account. I was able to [...]
FedLoan Servicing – The Worst Student Loan Servicer
By 102 Comments
I just need to vent about my student loan servicing company – FedLoan Servicing. They recently took over a student loan of mine that was purchased by the Department of Education. Since taking over my student loan, I must admit that they are absolutely horrible. I have another student loan with Sallie Mae, and the [...]
