Student Loans for Army Veteran? Difficult time getting approved due to bad credit?


Student Loans for Army Veteran? Hard time getting approved due to terrible credit?

The question

My husband is no longer active duty but he is in the Reserves. He is going to a official recollection school for a cert. in Commercial Diving. The issue we are facing now is, although his GI Bill allows him BAH and he has Tuition Help and Student Loan Repayment, we still cannot afford our normal expenses without him working. I can’t afford to do it on my own– so we applied for a few loans to help supplement our income until he graduates in May of 2012. That’s only 5 months. But our credit isn’t fantastic because of some medical debt and nobody will approve us for loans- not even Sally Mae.
Does anyone have any advice to give about how to go about getting grants and loans as an Army Vet or with terrible credit?
Any advice will be appreciated and thanks in advance.
Pardon me sir, but your answer was just a small too judgemental- you have no thought what our situation is like because it is uneccesary for me to go into further detail. I do work. Alot in fact. – but his class schedule is so intense it leaves him no spare time for a job or he will most certainly fail his classes. Our financial plot for his school did not work out as plotted because there is less available to him financially due to the fact that his school is a official recollection school vs. a degree. There is far less support. My aim was simply to get in rank about military LOANS with less than perfect credit not GRANTS provided by tax payers.
The medical debt is mine- not his.

Best answers:

current student loan interest rate

Get a JOB! Bottom line is that the military is being very generous and you just too many expenses. Either drop some of those expenses or bills or get a JOB. It’s not the tax payers problem that you want to live high on the hog and feel that military service entitles you to full expenses paid education and living.

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I do empathize with you that you did not anticipate that you would not get full GI benefits due to the nature of the program that he has chose to pursue. I would suspect that he is going to one of those driving schools who charge astrophysical tuition to get a 50K a year job. Unfortunately at this point you will have to do what you can to scrape by and then pick up the pieces after he starts working.

how come you have run up so much debt due to medical, he has not been out that long for the bills to be that high surely.

Anyways the only option is for him to really get a job and maybe for you to get a 2nd one……..the course is not that hard and he really could manage a part time one, and before you question my brother is MUCH more qualified in that field than he will be and still did another job while in diving school.

Trim back ALL expenses, you will be amazed at what you can cut out if you truly reckon about it.

There are no military loans, for school or anything else. If his GI bill isn’t covering his current tuition costs for whatever reason, he can apply for FAFSA loans and grants. There’s no guarantee he’d receive a loan or grant, but it couldn’t hurt to try.

If you need money for just regular every day expenses, there are no programs for vets for that. You’re going to have to do like every other struggling household does and find out what you can do without – no more going out to dinner, no more cable – whatever helps you out.

If you have been denied learning opportunities through http://www.fafsa.ed.gov/ then you’re only other alternative is to make a better budget that you can stick to and balance all the rest of the stuff the government is giving you.

You said your husband is in the reserves, has he thought about joining active duty and becoming a diver in one of the services. Most in-service diving programs are associated with either Special Warfare, EOD or combat diving.

AF http://www.af.mil/news/tale.asp?id=123017455
Navy https://www.netc.navy.mil/centers/ceneoddive/ndstc/

Additionally there is one other site that list resources, but it looks like most of the are for Vets http://www.finaid.org/military/veterans.phtml


Filling student loans?

The question

I was told i can file my student loan on my taxes this year. I just Got my loan in october of 07 and dont have to repay it until 2012. Will I be able to file this, if so, how do I go about doing that. Also I had two part time jobs i worked in 07. One I worked there for maybe two months, The other maybe three months . Are they worth filing?

Best answers:

lowering interest rates on student loans

You can file what you have paid on it so far
it depends on the type of loan.
if it private then disregard everything i say coz i dont know how those one work.

if it is federal then you might have a subsidize loan, and then the gov would be paying for you interest, so you wouldnt add that to your taxes.

if it unsubsadized you might be able to file it if you´ve been making payments (i know, you are not required to, but you can still make payments) or if there is intereset capitalized (added to your principal balance)

But you should always question a tax consultant and not just your friendly neightbors @Yahoo Answers.

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