I am an EMT/Firefighter working for a tribal fire and rescue agency. I am also a local volunteer fire fighter. I started my AS in respiratory therapy almost 2 years ago and received Stafford loans. I do not know why they didn’t give me Perkins loans or if it matters. I have a 3.97 GPA and am due to graduate in December with a huge bill. Despite my years of service, good grades and financial need, I have been unable to find scholarships or grants beyond the federal programs. I am trying to be smart about my upcoming student loans and not make mistakes. From all my reading, it seems I would have been better off with Perkins loans, but despite my inquiries to the school… I haven’t received any reason why or information regarding the matter. Any advice?
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
I have been on the IBR plan, and now have payments I can’t make — due to the fact that I have two special needs children whose monthly expenses exceed $800 (one is Type 1 diabetic and one is on ABA for autism.) According to my loan servicer, the only option at this point is to consolidate. This is really frustrating. I have tried my best to do what is needed, but now I am getting to the point where even though my husband and I are both making decent money, we are having to choose between food and paying student loans, since not getting insulin is off the table obviously. We have exhausted the limits for putting off payments. I am simply hoping to keep everything together at this point, but my frustration and stress level about it is just through the roof. Ugh. I owe, about 90K, my husband about 10K. We both have master’s degrees and work in the public sector (me at a public school district, him at a state university.) We also live in the SF Bay Area, which is expensive — but we would be getting paid a fraction of what we make now with pathetic health benefits (to say nothing of hospital/dr access) if we were to move.
I had utilized student loans to obtain a BS and then went into the Army in September 2007. I was commissioned in September 2008. I have since obtained a MS and now my BS loans are starting to become due. I am Active Guard Reserves which means I’m a Reservist on permanent active duty. My student loans are over 800.00 a month and way too high to afford. Which if any of these forgiveness programs do I qualify for and who would I contact to initiate the process?
I am happy that I found your site and thank you for all of the information that you have provided. So, I went to Heald College in Stockton, CA, and graduated with my Associates Degree in Accounting, well at least I thought I did. I walked the stage and never received my diploma in the mail when they said they were. I requested it many time and never got anywhere. I started working at restaurants because I could not find work in Stockton, CA, and Heald College was not a big help when they said they would have job placements. I then moved to Maryland on the East Coast and went back to school. While I was going to school I landed a job at a Law Office as a paralegal. My boss closed down her law practice and I went to apply for schools in the area. The school that I applied to asked me for a copy of my transcript from Heald College. I requested it from a third party because as you already know it closed down. When I received my transcript in the mail, I discovered that I only had 8 credits. I called the third party and said that this is a mistake and that I graduated in 2008. She checked and said no, that is the correct transcript. I then applied for one of the programs to get it discharged and it was denied. I’ve tried calling the lawyers in California that worked on the case and never received a response back. If I go back to school I have to start all over again and still have this debt as well as the new student loans that I would have to take out. I hope you will have some pointers for me!
1. Student loan collateral is your earnings. So like a car loan, the collateral is the car. If you don’t pay your car loan, the bank takes your car. It’s basically the same things for student loans. That’s why consumer protections like bankruptcy don’t apply. If you ever have the potential to earn money above subsistence level, that money (at least a portion of it) will go towards the debt. Whether you agree or disagree, that’s how it’s setup.
Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled. Applicants with an Associate’s degree or with no degree must have made at least 12 qualifying payments after leaving school. Qualifying payments are the most recent on time and consecutive payments of principal and interest on the loans being refinanced. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a co-signer will be required.  Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
All loans must be in grace or repayment status and cannot be in default.  Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment.  Parents looking to refinance loans taken out on behalf of a child should refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for applicable terms and conditions.
The military offers a number of student loan forgiveness and repayment assistance programs to health care professionals. Army doctors could receive up to $120,000 from the Active Duty Health Professions Loan Repayment Program. The Navy Financial Assistance Program offers up to $275,000 in loan assistance for medical residents. You might need the complete repayment guide for doctors to find more options.
×