Consolidating a private loan with a federal loan

If you currently have a Palmetto Assistance Loan (PAL) and/or a federal loan with SC Student Loan, servicing for these loans has been transferred.

Any SC Teachers Loans will remain with SC Student Loan.

Families with annual incomes below $25,000 usually qualify for Perkins Loans.

And If you qualify for a Pell Grant, which is also awarded based on financial need, then you are probably also a priority candidate for a Perkins Loan.

Calling the Helpline is free, and they offer no-cost consultations, so what I would suggest you do is call the Helpline, tell them about your specific financial situation, explain the details of your outstanding debt, and ask them if you’ve got a realistic chance at qualifying for a bankruptcy discharge.

The Helpline is great because even if you don’t seem to qualify for a discharge via bankruptcy, they can suggest other opportunities like challenging the validity of your loans (via the Defense Against Repayment Provision), consolidating your debt, and doing other things that’ll reduce your financial liabilities.

Keep in mind that the Helpline will pitch paid services to you (they can help with research, completing paperwork, finding an attorney, filing forms and documents, etc.), but that you can do all of this stuff entirely on your own, if you have the time for it (and are willing to risk getting things wrong).

To contact the Private Student Loan Relief Helpline, call 1-866-530-9946..2016 was a huge year for student loan bankruptcy laws, in that several large court cases were settled favorably for the person attempting to discharge their student loan debt.

Is it possible to get rid of your student loan debt by filing for bankruptcy? In fact, there’s never been a better time to attempt it, because in 2017, it’s easier than ever before to wipe out your debt with a Chapter 7 or Chapter 13 bankruptcy proceeding.

There’s only one caveat: getting approval for a student loan bankruptcy discharge requires proving that your student loan debt is causing an “undue hardship” on you, meaning that it’s making it difficult for you to afford basic necessities (like food, housing, medical care, etc.).

Learn more about how to take advantage of both student loan discounts. The lifetime limit for this loan combined with all other education-related debt is 0,000.

Calculate how to potentially pay less interest on your student loan: Student Loan Interest Calculator Calculate the monthly payments on your private student loans: Student Loan Repayment Calculator If you’re a borrower with little or no credit history, or you have limited income, a cosigner may help you to qualify for this loan and potentially receive a lower interest rate.

Many people who took out student loans tried to get a federal student loan before attempting to get a loan from a private loan provider.

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