Friday, February 26, 2010

Government help with paying for school debt

A lot of people specially the youngsters who are completing their higher studies or have just graduated are looking for Government help with paying for school debt as they have seen or might have heard from any one about Government grants. Even nowadays there are lot of commercials on TV or on internet and also they are promising that it’s not a scam. Some are finding it so easy and thinking just a phone call or filling up a form can do, many of them are confused but remember Government grants is not a product so that you can go on researching and after that you buy it. Yes off course Government grants are free and to get it you need to follow some simple steps Discussed below:

1.Collect all your documents like birth certificate, social security card, and paper of tax of last 3 years. Also collect papers of your house, car if you owned.

2.Before proceeding further you need to keep in mind you can’t demand or ask anything specific on credit cards or grants for paying off debts. Thinking of those misleading ads on TV. Otherwise very soon you will find yourself out of Government office. You need to follow some rules and qualify for it.

3.Government grant program is based on state wise or county wise. So you need to collect proper information by making a phone call also you can find information on state government website or here

4.Do a little bit research work and Start with hospital bills first.

5.You can get grant for shopping but only if it is a uniform requirement and not for daily shopping expenditures.

6.There are many government grants programs and also some private non profit organization who are always willing to help those with good talent and hardworking students who have some vision to become a doctor, engineer or a scientist. But you need to find them and show what you can do if you get some financial support.

Friday, February 19, 2010

5 Ways to Lower Your Debt Payments

Are you in Debt? Is your mounting debt has become a burden for you and you might be feeling that you may never come out of it. Thinking of only some miracles can save you. Don’t give up. Here are few tips which will help you out. At least some of this point will definitely help you to manage your debt and to pay off at certain extent.

1.Try to negotiate with your creditors-Start collecting all your billing and other statement, check your credit report .Make a list how much you owe. Check out your financial strength and then figure out how much you will be able to pay to each creditors. try to contact each creditors one by one ant talk to them how much will you be able to pay. Tell them the amount if they don’t agree talk to their senior level but don’t argue and loose your temper. After all is done. Make sure you have a written agreement.

2.Consolidate your debt-Try to lower your monthly payments by combining your debt. You can use a debt consolidation loan also home equity loan but be careful while looking for a loan otherwise you will end up paying more interest if your repayment plan is too long.

3.Try to use transfer balance credit card-are you maintaining a good credit score then you can get a balance transfer credit may be sometime @ a 0% introductory interest rate so that you can pay your debt without any interest.

4.Credit counseling-Sign up for free credit counseling program. Their skilled and trained professionals will help you to manage your debt well. They will check your financial strength and budget and make your payment plan easier.

5.Filing bankruptcy-when you think that the debt you owe is too much to pay off then you can go for filing bankruptcy. In this case Chapter 7 bankruptcy and Chapter 13 bankruptcy will help you out to wipe out completely some debt and to make an affordable payment plan.

Sunday, February 7, 2010

Student Loan Forgiveness

For nearly 30 years, the United States has undergone a major transformation in terms of the shifting-burden of paying for nearly all of society's aims that are now squarely shouldered on the backs of an ever-shrinking middle-class. As real wages have shrunk, the costs of health care, child care and education have skyrocketed, causing an entire generation to amass an enormous amount of debt.

Student loan debt, unlike all other types of debt, is in a class all its own. Stripped of all consumer protections like bankruptcy, truth in lending laws, fair collections practices and statutes of limitations, those who had no choice but to amass tens, and sometimes hundreds of thousands of dollars of student loan debt simply to obtain an education find themselves saddled for life with the albatross of debt from which there seems to be no escape. But there IS hope!

Testimonial from supporter of

I earned a few college degrees some time ago and, like many, I financed my education through borrowing. The money was easily acquired. In fact, I was encouraged to borrow. Not only was it common knowledge that this was the right thing to do, but I was also advised by university staff that this money was there for me to achieve some level of social and economic advancement. I swallowed the hook, the big, "engancha" as they say here in Nuevo Mexico. God, do I have regrets. I am yoked, and despite very earnest ongoing attempts to pay it off, I am still yoked and will be yoked until I die. And the sad irony is that it is because of these financial handcuffs that I cannot pursue a career in the arts. Not only can I not participate in the Culture of our nation, I also face the prospect of real financial ruin, and, mind you, this is no abstraction; this means real human suffering. I have unwittingly fallen prey to the most cynical and mean spirited political machination that is truly Machiavellian.

Fate or Providence has a way of intervening though. I have found comfort, camaraderie, and, above all, hope, in Rob Applebaum's, organization, Since beginning to participate just a week ago, I have discovered that I'm far from alone. I have also become informed about the real progress that has been made with everyone's cooperative efforts.

President Obama has acknowledged that student debt is a huge issue, and he has offered some programs of remediation. Though his latest proposal totally leaves me out (I signed my promissory notes before 1998), he, nonetheless, is headed in the right direction (I mean the most sensible direction). To reiterate, due to, I now feel I have a fighting chance, and I have HOPE and COMMUNITY!

As President Obama said during his first State of the Union address: "In America, no one should go broke because they chose to go to college."

Central to's mission is a belief that a well-educated citizenry is essential to our prosperity as a nation in the new, 21st Century economy. Quality education is the key to our ability to compete and succeed on a global scale and, to the extent we burden our workforce with enormous debts to obtain the knowledge and skills they need to excel, we limit not only our future economic choices, but our freedom in general. The future economic success of our nation is wholly dependent upon a workforce with the critical thinking skills necessary for innovation, entrepreneurship and prosperity and it is FSLD's core belief that, in order to unleash the full potential of those skills, we can no longer burden students with the ever-increasing costs of an education that benefits society in general, not just the students receiving them.

If you believe that anyone who wants an education should be able to receive one without having to shoulder a lifetime of debt, then please join the revolution at Join the more than quarter million Americans who are now waging the fight to rescue the middle class from the pitfalls of student loan debt.