I get questions from students all the time about how to refinance student loans, and the truth is while this topic can be a bit confusing, it shouldn’t be due to the fact that the refinancing process is fairly simple if you can first determine exactly what type of student loan debt you have. Remember [...]
in Repayment, Student Loans,
by Jeff Bullock
Paying off student loans in an appropriate manner is really about knowing your options in regard to the amount of repayment benefits that may be available with a particular student loan, along with being able to act accordingly when confronted with various scenarios. This really isn’t very complicated, as you may be able to utilize [...]
in Repayment, Student Loans,
by Jeff Bullock
Student loan delinquency describes what happens when you fall behind on your repayments and your account is no longer current. So for example if you don’t make your payments for a couple of months the lender of your loan may label your account as “delinquent”, which is basically a way of saying that you owe [...]
in Repayment, Student Loans,
by Jeff Bullock
ACS, or Affiliated Computer Services, is a student loan servicer that is similar to American Education Services, also known as AES. ACS student loans are therefore not provided by ACS, as Affiliated Computer Services does not act as a lending institution for student loans. What is ACS ACS services a wide variety of student loans, [...]
in Repayment, Student Loans,
by Jeff Bullock
Besides deferment, and forbearance, there are still other options you have available to you when you cannot, or are having trouble making your current student loan payment. These payment adjustment options can alter your payment amount, typically by a reduction, for a certain amount of time with regard to an appropriate reason, or methodology. Some [...]
in Repayment, Student Loans,
by Jeff Bullock
AES student loans are essentially any student loan that is serviced by the company American Education Services. AES doesn’t act as a lender for any student loan, and rather acts as a servicer for a wide-variety of education loans, including various FFELP loans, and numerous private student loans. As a student loan servicer, AES collects [...]
in Repayment, Student Loans,
by Jeff Bullock
Paying back student loans is not much different than paying back other forms of debt, although there are some subtle differences that are worth noting, such as the multitude of repayment benefits that typically come with most education loans. These repayment benefits range from deferment, and forbearance, all the way to the variety of payment [...]
in Repayment, Student Loans,
by Jeff Bullock
Forbearance is a way you can go about postponing your student loan payment, and it is not that much different than a deferment, except in one area: Deferments don’t capitalize the interest that accrues during the actual time that you delay the repayment term, a forbearance does. This means that over the long-run a forbearance [...]
in Repayment, Student Loans,
by Jeff Bullock
Deferment is a way you can postpone when you have to make a payment on your student loans. It works as long as the lender of your loan is willing to grant you such a postponement, and is typically a more prevalent option for federal student loan debt. This is because federal education loans inherently [...]
in Repayment, Student Loans,
by Jeff Bullock
Getting student loans discharged via a bankruptcy proceeding is very difficult, if not an impossible task. This is because the bankruptcy laws that govern how student loans are handled in bankruptcy were changed as a result of a new bankruptcy law that passed in 2005. Now you must prove to a court that having to [...]