Archive for the 'Student Loans' Category

Friday, July 3rd, 2009

I am unemployed and receiving unemployment benefits will I be able to get a student loan deferment?

INTERNET HATE MACHINE 4.0 asked: I am sending in the form anyways but what the chances they will decline my deferment as my unemployment isn’t nearly what I was making and I will not be able to make my student loan payments on top of all the other bills I have

Friday, July 3rd, 2009

If I have student loans on deferment and the loan is accruing interest,?

Zoe asked: can i file the interest amount as a student loan interest deduction on my tax form, even if the loan is on deferment?

Friday, July 3rd, 2009

Question about student loan deferment?

bendypants asked: I recently began attending graduate school part time. Today I got a letter from AES (the company through which I consolidated me student loans) that said that my loans are now in deferment! I honestly didn’t even think about defering my loans, but I’m not unhappy about it. My question is… can I [...]

Friday, July 3rd, 2009

I’m trying to increse my credit score, should I keep my student loan in deferment?

Katrina D asked: I have a poor credit score from when I was younger and very stupid with my credit cards, I’m in the process of rebuilding it by settling the old acounts, and using new credit cards alot better. I have a student loan for about $6000 that is currently defered because I’m [...]

Friday, July 3rd, 2009

Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?

AG asked: I know that student loan interest can be deducted.
My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?
Thanks!

Friday, July 3rd, 2009

Do I get tax credits for student loan interest while still in school and the loan is in deferment?

Al asked: I am currently a graduate student. I have a few unsubsidized student loans that are still in deferment. Should I be able to deduct the interest that is accumulating on the loan now, or am I only able to count that when I am actually makign payments on the student loan?

Friday, July 3rd, 2009

Unsubsidized Student Loan Deferment?

John D asked: I’ve just started graduate school and I have the option of deferring my undergraduate student loans. I’m not sure I can afford the monthly payments, but I’d still like to periodically put some money down on the loan.
So my question is, can I make payments on the principal of the loan, [...]

Friday, July 3rd, 2009

Will my previous student loan go back into deferment?

Kevin K asked: I am paying on a federal stafford loan from a number of years ago. I’m in the process of setting up a new student loan through a different lender. Will my previous loan go back into deferment since I am a full time student, or will I still continue to [...]

Friday, July 3rd, 2009

student loan deferment–interest? worth it?

happypants asked: i’m considering getting a student deferment, but was wondering if it still collects interest during the deferment?
i might now do it because i feel like it would take 2x as long to pay it off if it collects interest since the base pay will remain the same and then w/ interest will be [...]

Friday, July 3rd, 2009

Student Loan Deferment?

mademma asked: My student loan is with a collection agency who will not accept the fact I am on unemployment. Where do I go to obtain a deferment until I start working again?