4/05/2009

I need education loan payoff advice. Familiar with Americorps? - put in your two cents...?

A while back I went to college and withdrew unofficially, causing the college to charge an exhorbitant amount of money for breaking the contract of my dorm. I owe them $3400, and it has been sent to collection. I also have a direct loan in the amount of $3700 that paid for my tuition that is in good standing. I cannot attend school again until the college is paid and they release my transcripts, unless I pay out of pocket, which I cannot afford. I was a member of Americorps and earned an education award in the amount of $4700. I can use it to pay off the loan or *current* college expenses. So I see two options, go to school and pay for it with the award as if I never went to college before, and still not have enough to finish. Or i can pay off the loan, hope that helps my credit enough to get a debt consolidation loan to pay off the college (They want it in full) and finally be able to apply for a FAFSA again and go to school. I just really want to go back to school. Any advice?


Save enough to pay off the school is your first step, then use Americorp to help pay your current tuition (interest rates on student loans are higher now than a few year years ago). You may also think about "consolidating" your Stafford loan to get a fixed rate before June 30, 2006.

Thank you for ur asnwer but I am going to take my dog to the vet I was jsut asking in case someone had a pet with the same symptoms ok so no need to get bitter you talked to me like i'm jsut waiting but i'm not so thanks just in case i do care about my dog u talk to me like i don't but thanks

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