Gabe asked:


I am a high school student in Florida, and have a passport in Spain. I want to study in a private university in Spain called Les Roches Marbella. Is it possible to use a student loan from America for my studies in Spain?

Consumer Credit Debt Consolidation

pullagrav asked:


I’ve been through Sallie Mae with the tuition answer loan before, and I am leaning towards them. But with this economy, is taking out a private student loan risky, and can I expect the interest rates to be higher?

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Mr Steele asked:


Federal student loans are either directly financed by the government or financed by private banks. Those private banks, however, get paid by the government if the student defaults on the loan.

So banks are basically making profits with very little risk.

Obama has said he wants to cut the middle man out and save the government/tax payer millions in dollars in the process. He also said the banking lobbyiest are preparing for war but that he is not going to back down.

Whose side are you on?

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minibikemulisha asked:


I’m starting my student loan payments of $120 for 15 years. I’m kind of freaking out. I have a full time job, and don’t spend much money. However I am getting older and things are getting more expensive. What do you pay for loans per month? Are you having a hard time?

Student Loan Debt Consolidation

Matthew E asked:


How do you default on a student loan? Is that when you can’t pay it back? Or what does that mean? Because in order to join the FBI you can’t default on a student loan. No other loan specificly. I am just wondering A: what it means and B: Why the FBI takes it so seriously.

Loan Credit Card Consolidation