What happened to my student loans?
I’m about to hit the end of my grace period for student loans and I want to consolidate. To consolidate I need to find the lender and the interest rate. NSLDS.com (national student loan data system) says I have 6 loans in 2 places – ACS and U.S Dept of Ed. ACS has the 3 loans they own on their website with the interest rate right there. the U.S. Dept of Ed website says my loans have been “paid in full.” (they haven’t, oviously, otherwise I wouldn’t be asking a question). When I call the Dept of Ed or Direct Loans support centers, they do not have an answer. The humans just say “you’re not in our system anymore.” The computer says “Your loans are held by ACS and the U.S. Dept of Ed.” Has anyone run into this? What the hell is going on and how do I fix it before my grace period runs up?You should enlist the help of the Financial Aid Office of the college that you just graduated from. Each Financial Aid Office will have a contact person at the Department of Education whom they can contact to help with situations that arise.
will i be eligible for financial aid second semester?
as an undergrad i borrowed 55k from the feds, 10k over the 45k cap. i dont know how it happened but it happened. now the people at fafsa say ” Based upon data provided by the National Student Loan Data System (NSLDS) and your reported grade level, we have determined that you may have received a total amount of student loans that exceeds the loan limits customary for the federal loan programs.” how can i get out of this pickle? will i be elgible for aid the second semester of my first year of grad school?Even though your FAFSA indicates a problem you should contact your finaid office. Grad school has a different set of rules than when you are an apprentice.
By the sound of things, you aren’t going to be allowed to get any more money from the state at least. You can probably still take out loans through a bank, but you may want to talk with the financial aid department at your school and clarify the situation. They may be able to give you some options.
You will need to pay down the loans already received below the cap in order to have eligibility for additional loans. This is what the message is telling you. But you managed to borrow what you did as an undergrad, once you have exceeded the life total loan limits you have to repay the excess and then some in order to borrow more. I might suggest that you get yourself out into the workforce for a while and do grad school part-time on your own dime and work towards paying off your undergrad loans before you go looking to take on any more debt. It is perfectly possible to do this and still have your loans deferred as long as you remain at least half time (usually two courses) in grad study which should leave you some time to work and pay down the loans. Amounts paid down on principle of the loans is paid (on the subsidized loans) while you are in deferment do just that, reduce the principle, and the resultant total interest, without penalty. And its just plain smart to pay down the unsubsidized loans just to reduce the amount of interest you’ll owe as quickly as you can.
Are Graduate students able to get loans to pay for tuition?
I have filled out the fafsa and in my SAR it said “Based upon data provided by the National Student Loan Data System (NSLDS) and your grade level, we have determined that you may have received a total amount of apprentice student loans that is close to or equal to the loan limits customary for the federal loan programs. Therefore, your eligibility for additional student loans may be limited.” How am I supposed to pay for school? I work at a non profit establishment and don’t make much money. I can’t afford $ 600/credit!! Are their other loans I am able to take? Should I contact Sallie Mae (that is who I have my undergrad loans with) and see if they will give more money to me? Please help!Consult with your Financial Aid Office. Eventhough I am sure you indicated on your FAFSA that you are a grad. student, for some reason, FAFSA doesn’t read that, and when they posted that comment, that is based on apprentice loan limits. Your aggregate loan limit increases, as a grad student you can borrow up to over $ 100,000. You should still have plenty of stafford loan elig. left. Grad students are typically eligible for around $ 20,000 a year. Talk to the financial aid office at the school you plot to attend. You can check your loan limit at www.nslds.ed.gov. Excellent luck in grad school.
Yes, contact Sallie Mae, as we have many options for Grad students to pay their tuition. You may also want to contact the financial aid office of your school for advice. Links to grad school loan in rank below.
When will the nslds be back up?
National Student loan data systemI just consolidated my student loan at Student Loan Headquarters http://1nk.us/studentloan . I got a 4.5% fixed rate for life, and my payments are only $ 50/mo. They can also qualify you for new student loans. The whole process only took me like 3 minutes
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When you go to a grad/professional school, your borrowing eligiblity will increase (up to 163,000 approx). This is will allow you to borrow more money until you have reached that cap. Now, in order for your to have additional moneyy to borrow, you could pay down your current loans and/or borrow from a private lender. Yes, that means more debt. So, I suggest the latter….pay down your loan balance and get a strict budget for yourself. good luck on your decision.
Fafsa is for the year, your loans are a different story and have nothing to do with the pell grant or state grant that your receive for the year. Contact your college, you may have used up all of your credits for the year and have no financial aid left.
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