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Posted in Finance Videos0 Comments

What happens in student loans under contingent if a disability is filed and a spouse is on the plan?

I am eligible to have my student loans removed due to a severe, lifetime disability, diagnosed five years ago. We did the income contingent plot but since I will have my loans discharged, what happens to my spouses eligibility to ever return to school and get a loan? Does her loans that aren’t on the contingent plot combine with ones that aren’t?

you and your spouse are two really separate people. Your getting your loans discharged has absolutely nothing to do with their eligibility or their loans. If they have loans, or want to get loans, you have nothing to do with it. They can do that, again, you aren’t that vital and no, loans of spouses never "combine"… again, you are two separate people.

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Posted in Loans0 Comments

What will happen to secured loans after the dollar crashes?

What will happen to secured loans after the dollar crashes? Banks will shut down with everything else. I know there will be even more pressing issues,,, Will banks forclose, reposes and call in loans even if we have worthless paper $ to pay on the loans? I am trying to get an thought of what to expect to happen (if and) when we pull out of the inevitable disaster.

The banks will call the loans, foreclose etc etc.

They, banks, tend to do this sort of depression/recession thing twice every century. Sometimes they go for a third shot, but usually it’s twice.

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Posted in Loans1 Comment

How soon can I defer my student loans after joining the military?

I am joining the Air Force in the next couple of weeks. I have around 30k in Federal Student Loans. They will pay 10k of it off for me for enlisting. How soon can I defer my loans? Right after I sign an Air Force contract? Or after Basic Training? I was just wondering if I can defer my loans while I wait to be sent to basic, if i can defer them at all?

I am not sure exactly when you can start deferring them but I am positive that they can be deferred because my son in law did it. The problem was, but, that they continued to accrue interest while he was in the service.

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Posted in Loans1 Comment

How soon can I defer my student loans after joining the military?

I am joining the Air Force in the next couple of weeks. I have around 30k in Federal Student Loans. They will pay 10k of it off for me for enlisting. How soon can I defer my loans? Right after I sign an Air Force contract? Or after Basic Training? I was just wondering if I can defer my loans while I wait to be sent to basic, if i can defer them at all?

I am not sure exactly when you can start deferring them but I am positive that they can be deferred because my son in law did it. The problem was, but, that they continued to accrue interest while he was in the service.

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Posted in Loans0 Comments

How soon can I defer my student loans after joining the military?

I am joining the Air Force in the next couple of weeks. I have around 30k in Federal Student Loans. They will pay 10k of it off for me for enlisting. How soon can I defer my loans? Right after I sign an Air Force contract? Or after Basic Training? I was just wondering if I can defer my loans while I wait to be sent to basic, if i can defer them at all?

I am not sure exactly when you can start deferring them but I am positive that they can be deferred because my son in law did it. The problem was, but, that they continued to accrue interest while he was in the service.

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Posted in Loans0 Comments

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