Financial Help!!!!!!!!!!! - page 2

I am currently in default with my federal student loans due to the fact that I'm unemployed and unable to bring them back into good standing. I just recently located a loan consolidation center that... Read More

  1. by   Cinqly
    Quote from love2kids
    I am currently in default with my federal student loans due to the fact that I'm unemployed and unable to bring them back into good standing. I just recently located a loan consolidation center that was willing to work with me. But I don't think that they will be completed before school starts in Jan. (if they even approve them). Can anyone give me any suggestions on where I can locate any other aid?
    If you are unemployed, you should be able to apply for deferment through your loan provider. Not to mention with your pending disability application, and the fact that you will be re-entering school, it seems as if you have plenty of fodder to ask for a forbearance. You will have to provide proof that your expenses surpass your income, and of any other aspects of your situation, but usually that's not too hard. If they are deferred, they will forgive your late payments and you won't have to worry about payments for a year. You can do this for a year at a time, up to 3 years. I did this because when I went into re-payment 6 months after graduating, I still didn't have a job (my degree is in music!). Now I am entering school, so loans will automatically be defered as long as I am at least half-time. I HIGHLY reccomend that you look into this option, or consider trying to work something out, as it seems you are going back into school in January, right? It seems silly that you would try to consolidate a month before going back into school, as you will go into deferment at that time. Consolidation is NOT always the best option. Explore ALL of the options before jumping into something.

    Anyone can fall into this type of situation, but with a little persistance, patience, and hard work you should be able to workout the best-case scenario to get yourself out of it. If you have any questions or need to know where to look for help, PM me. Good luck!
    Last edit by Cinqly on Dec 13, '06
  2. by   llg
    I'm sorry you misunderstood my earlier post. I was truly confused and was asking for clarification. I did not understand how you could be too disabled to get a job now and yet still not be so disabled that you could be a nurse. That was a legitimate question.

    I am glad to read you have since found employment and wll be to start earning some money again. I'm sure it will take quite a while to get back on your financial feet, but at least you are headed in the right direction.

    Good luck to you.
  3. by   Evefox1
    Quote from llg
    I'm sorry you misunderstood my earlier post. I was truly confused and was asking for clarification. I did not understand how you could be too disabled to get a job now and yet still not be so disabled that you could be a nurse. That was a legitimate question.

    I am glad to read you have since found employment and wll be to start earning some money again. I'm sure it will take quite a while to get back on your financial feet, but at least you are headed in the right direction.

    Good luck to you.
    no harm done llg. I apologize. I believe that I was really panicing because school is about to start and I don't know how I'm going to pay for it .During my setback all of my business was neglected. I am extremely excited about nursing school and becoming a nurse. I am even more anxious to pay off all of my debt and becoming debt free!!!!!!!!! thanx sooo much llg
    Last edit by Evefox1 on Dec 13, '06

close