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TheBlackAdder

(29,981 posts)

3. The FedLoans my kids have are managed by FedLoan Servicing. Don't get loans w/outside lenders.

Reply to 2naSalit (Reply #2)

Sun Dec 23, 2018, 11:03 AM

Dec 2018

.

True, the system is rigged, mostly by republicans, but you must know who will actually be managing the loan.

While FedLoan Servicing is a contracted service, if you look into how it's managed, you can avoid the problems.

.

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Debt bondage [View all] discntnt_irny_srcsm Dec 2018 OP

Of the student loans my children had taken out, all* are state managed--NOT ONE PRIVATE LENDER. TheBlackAdder Dec 2018 #1

The FEDLoan system is 2naSalit Dec 2018 #2

The FedLoans my kids have are managed by FedLoan Servicing. Don't get loans w/outside lenders. TheBlackAdder Dec 2018 #3

It was what I had 2naSalit Dec 2018 #4

There are a couple of issues here. TheBlackAdder Dec 2018 #5

Thank you for sharing this. PoindexterOglethorpe Dec 2018 #7

This is the best way to do it discntnt_irny_srcsm Dec 2018 #9

None. We live in an mid-upperclass area and are in the middle of income ranges here. TheBlackAdder Dec 2018 #10

I'm sure you are extremely proud of your oldest and all of them really discntnt_irny_srcsm Dec 2018 #18

Thanks. I tried top do right, but this was all her idea. She didn't want to be saddled with debt. TheBlackAdder Dec 2018 #20

Student loans were a life changer for me MichMan Dec 2018 #6

I hear you discntnt_irny_srcsm Dec 2018 #8

The easy availability of loans is precisely why college is so expensive MichMan Dec 2018 #12

Debt-free, tuition-free college would be a good thing. Wish a politician would support it... TSheehan Dec 2018 #11

I consider myself lucky with loans and repayment, but I think the system needs to change aikoaiko Dec 2018 #13

The internet tells me... discntnt_irny_srcsm Dec 2018 #15

At my university (public and in the south)... aikoaiko Dec 2018 #22

Elizabeth Warren porposed a smaller interest charge for federal student loans KWR65 Dec 2018 #14

I'm in favor of cap on student loan interest discntnt_irny_srcsm Dec 2018 #16

That is unrealistic. I favor a 1% rate for federal loans. KWR65 Dec 2018 #17

I'm not saying the lender shouldn't get any interest... discntnt_irny_srcsm Dec 2018 #19

K&R smirkymonkey Dec 2018 #21

There have been (and still are) too many student loans customerserviceguy Dec 2018 #23

A really smart fellow said, "Everything that is really great and inspiring... discntnt_irny_srcsm Dec 2018 #24