Entrance Counseling Loan questions?? please help?
i have a horrible memory… If I am in default on my loan, I cannot receive additional federal student aid. A. Right B. Fake 10. If I do not choose a repayment plot, the Direct Loan Servicing Center will place my loan in the Standard Repayment Plot. A. Right B. Fake 7. If my conditions change the day after I receive the last costs on my loan, and I no longer need the full amount of my loan, I should… A. Return the funds that I do not need at the end of theyear. B. Return the funds that I do not need as soon as possible. C. Spend the money on other things. D. Keep the money in the bank and use it next quarter.b, a, a. I hope I helped. And sorry in advance if these answers are incorrect…but i dont reckon they will. Excellent luck 
Student Loan Consolidation?
Student Loan Consolidation? I have a question about student loans that are consolidated. I always make my payemnts on time. As soon as I receive the bill, I send the payment out the next day, have never missed a payment or been late. Aslo, I have a fixed interest rate. HOWEVER, MY INTEREST balance fluctuates every month. When I questioned the people direct loan servicing center about this, I was told that they have to have a payment EXACTLY every 30 days in order for the interest not to fluctuate. What’s going on here? Isnt this the largest load of crap you have ever heard? Anyone else experience this?The interest charged per month will vary as per the number of days between each billing cycle. It will also vary because every time you are making a payment, you are reducing your principal, so this might be a excellent thing. The people at the loan servicing center are not doing a excellent job explaining this to you, but you sould know these nitty-gritty already. if not, read up about them.
I rehabilitated my student loans, now they say I have more in default. What gives?
Rehabilitated $ 18,000 in defaulted student loans and penalties and have been making my payments to the direct loan service center. Service Center says I am excellent. DIVERSIFIED COLLECTION SERVICES says I have 3 loans in default, yet they do not bug me, never informed me of these and that no bugging part is not in their nature. They total of the loans that are defaulted and rehabilitated equals the 18,000 I rehabilitated. I am just confused and a small mad at this. I just wanted some info and advice. thanks ps. I know DCS is the scum of they earth. Feel free to vent but I want some advice.You should contact DCS and have them send you detailed in rank on the loans they claim are in default. Then you should compare them to the loans that you have rehabilitated to ensure that you have not overlooked money borrowed at another time or school. If the loan(s) they are attempting to collect are the exact ones that you have rehabilitated, send them a small letter indicating that those loans have been satisfied and then ignore them.
Forgot to include a Form 1098-E in my amended 2009 taxes?
The Direct Loan Servicing Center (DLSC) for government loans did not send me a Form 1098-E because I paid less than $ 600 in education loan interest in 2009, so they either are not obligated to send it out or because I opted for electronic mailing I was expected to check their website instead for all applicable forms. But after I already electronically filed my 2009 taxes via Turbo Tax (and already received my refund), I found out that a Form 1098-E was on file in the DLSC website anyways and it indicated that I paid around $ 250 in interest, so I downloaded it and amended my taxes through Turbo Tax as well since they were filed electronically originally. But Turbo Tax said I have to mail in my amended tax return, as electronic amendments were not permitted, so I printed it out (1040X and all) and mailed it, but did not attach the 1098-E that I forgot to report in the first place. The reported interest of $ 250 on the 1098-E that I paid in 2009 increased my refund by only $ 75, but should I have included that Form 1098-E with my amendment or will the government already have it on file already considering it indicated on the 1098-E, as on most forms, that such info will be furnished to the IRS? I despise to be audited over an additional $ 75, as I was just trying to report everything properly, including the Form 1098-E which was never mailed to me due to reasons I clarified earlier. Should I just mail in the Form 1098-E separately since I mailed my amendment already, or should I just wait and see if the IRS requests more in rank at this point? Thanks.No if the irs wants it they will request it
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