Student loan blues.Q Twenty-five years ago, I completed three years [of undergraduate study] and I need to return to school to complete my degree. Ply student loans are in default, and the university will not release my transcripts unless I pay off the debt in full. Unfortunately, I'm not in a position to pay off the debt. And my credit is terrible, so applying for a loan is out of the question. Do you know of any grants, scholarships, or programs designed to help someone in my position? --J.M. Via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the A When you default on a student loan, the maturity date is accelerated--making the payment due in full. However, there are some options for repayment. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Federal Student Aid (www.ed.gov/offices/OSFAP/DCS/ index.html), in order to restore your eligibility, you can repay the loan in full, make six agreed-upon payments over a six-month period, or consolidate your loan through a federal consolidation loan program. Or, you can rehabilitate re·ha·bil·i·tate v. 1. To restore to good health or useful life, as through therapy and education. 2. To restore to good condition, operation, or capacity. your loan, which requires 12 consecutive, affordable monthly payments. The remaining loan will be in repayment for nine years, making you eligible for additional student financial aid, For information on grants, contact the financial aid office of the school you plan to attend. For scholarship information, read "How to Find Up to $100,000 in Scholarship Aid" in our February 2004 issue. Mail your consumer empowerment em·pow·er tr.v. em·pow·ered, em·pow·er·ing, em·pow·ers 1. To invest with power, especially legal power or official authority. See Synonyms at authorize. 2. questions to Ask Your Advocate, BLACK ENTERPRISE, 130 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to sykest@blackenterprise.com. |
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