Question

 What happens if I can't pay my private student loan?

Answer Eventually your loans will go into default, which means they can charge you all kinds of penalties and fees. They will also double your interest rate and when you do start working they will garnis... Read More »
http://answers.yahoo.com//question/index?qid=20091205162526AANAaLE

Top Q&A For: What happens if I can't pay my private student ...

Can a student loan issuing company (private bank) force you to pay off the student loan before you graduate?

If you are still in school no. It is called a deferment. They can only make you pay if your at in school 6 months later. That is stated in all student loan contracts. Go to your financial aid depar... Read More »
http://answers.yahoo.com//question/index?qid=20070318153606AA0uSxE

Where can i find a good private student loan What are your experiences with private loans?

There are no such thing as "good" private loans. There are many reasons why a school doesn't have the privilege to get federal loans and not a single on of them is in your favor trust me. I alway... Read More »
http://answers.yahoo.com//question/index?qid=20101218022733AAKnzXn

How can I get rid of my private student loan and switch to a federal loan with a lower interest rate?

Call the US Department of Education because sometimes they will buy your loan off and then you can pay them instead. I have a student loan through the Dept. of Ed. and my interest is only 2%. Cal... Read More »
http://answers.yahoo.com//question/index?qid=20080129095825AAWhj0U

I have a private student loan taken out from a bank (T.E.R.I) loan and I defaulted on 2 of the loans?

Private loans have no such rehab options that you are asking about. The rehab options are only available for federal loans. This is why private loans are evil. If you were to die or become disabl... Read More »
http://answers.yahoo.com//question/index?qid=20100503081859AAeYFO2


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