I consolidated my loans into a private company, College Loan Corp; can then go for the Income Contingent Repayment Plan with this one company I consolidated with?
If I declare bankruptcy do I face my private consolidation company in court or the US Government?
you be clear in 5 years if you ddon't spend $2000 a year
you are scaring me!
Take out a loan.
You can go on the Income Contingent Repayment plan. You will have to submit forms proving the amount of income you are receiving. With consolidation they should have set you up for a plan that will take years to pay back. If you're considering bankruptcy and other drastic measure, simply call you lender. They CAN help you! It's their job. You can go into forbearance or deferment. There are solutions to not screw you over but you have to take that big step and actually call you lender and tell them of the situation. They can't help if they do not know the problem. This is a common situation they have delt with before and I'm sure would be more than happy to assist you!
Please email me if you have any more questions! tory@toryforpresident.com
get a job that pays more or get two jobs
you can not file bankruptcy on a student loan PERIOD. You still have to pay it back..They also have repayment plans like interest only and underemployed (if you are only working PT ). They also have economic hardship. It lowers your payment but prolongs it
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