Is LLC student loan aspire dental lake [Explained]



Last updated : Sept 24, 2022
Written by : Shannon Sevcik
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Is LLC student loan aspire dental lake

Is aspire a private student loan?

What type of loans does Aspire Servicing Center service? We service Federal Family Education Loan Program (FFELP) loans and private education loans. If you received a federal loan after June 30, 2010, it is a federal Direct Loan, which we do not service.

Is aspire a federal student loan?

Aspire Resources Inc. is one of the smaller federal student loan servicers and has a bit of a complicated history. They may be your loan servicer or maybe they used to be your loan servicer. Aspire is a for-profit subsidiary of the nonprofit company Iowa Student Loan and services loans as Aspire Service Center.

Can I use my LLC to pay student loans?

Unfortunately no, a student loan is not seen as a viable business expense. But read on for some tax deductions that you can take advantage of as a business owner.

What is Aspire student loans?

Aspire Resources Inc. is a for-profit subsidiary of the nonprofit organization Iowa Student Loan and offers customer service for student loan borrowers under the name Aspire Servicing Center. Aspire was created in 2001 and received a contract from the Department of Education to service federal student loans in 2012.

How do I know if my student loan is public or private?

For federal student loans, the top of a student loan bill will have the name of your student loan servicer and the name of your federal student loan program. For private student loan bills, you'll see the name of your private lender on the bill instead.

How do I know if I have a public or private student loan?

Log in to StudentAid.gov using your FSA ID (account username and password) and select "My Aid” under your name. My Aid displays information on all federal loan and grant amounts, outstanding balances, loan statuses, and disbursements.

Will my Aspire student loans be forgiven?

Your maximum monthly payment amount will be 15% of your discretionary income but no more than payments under the Standard Repayment Plan. Monthly payments may be as low as $0. Any remaining loan balance after 25 years of payments will be forgiven.

What company took over federal student loans?

All federal loans in the FedLoan portfolio will be split up and transferred to other servicers including EdFinancial, MOHELA, Aidvantage (formerly Navient) and Nelnet. MOHELA will take on all borrowers enrolled in PSLF.

What company is taking over federal student loans?

You may have already experienced a servicer transfer as a student loan borrower; most of the time, everything goes smoothly. In this case, since FedLoan will no longer oversee federal student loans, borrowers will be switched to one of the following servicers: MOHELA, Aidvantage, Edfinancial or Nelnet.

Does LLC use personal credit?

As an LLC, your personal credit has an impact on your business, but not as strong as a sole proprietorship. LLCs are considered “pass through entities,” which means the business results are reported on your personal tax return.

Can my small business pay my student loan?

Your employer can pay $5,250 per year directly to your federal student loans. At the beginning of the pandemic, the CARES Act was passed to get economic aid to Americans fast, including stimulus checks and money for small businesses.

Can an LLC write a loan?

Once the state accepts the LLC's formation paperwork, the company exists as an entity that is legally separate from its owners. Under the law, the LLC can do many of the things that an individual does, including owning property, entering into contracts, taking out loans, and hiring employees.

What are the 4 types of student loans?

  • Direct subsidized loans.
  • Direct unsubsidized loans.
  • Direct PLUS loans.
  • Direct consolidation loans.

What are the 3 types of student loans?

Types of federal student loans Direct Subsidized Loans. Direct Unsubsidized Loans. Direct PLUS Loans, of which there are two types: Grad PLUS Loans for graduate and professional students, as well as loans that can be issued to a student's parents, also known as Parent PLUS Loans.

What are the two types of student loans?

Generally, there are two types of student loans—federal and private. Federal student loans and federal parent loans: These loans are funded by the federal government. Private student loans: These loans are nonfederal loans, made by a lender such as a bank, credit union, state agency, or a school.

How do I find out what loans are in my name?

There is a very simple way to find out. Download credit report from a Credit Bureau (also known as Credit Information Companies). A credit report has information about all your loans, even the fake ones.

What type of student loans qualify for forgiveness?

Generally, most federal student loans qualify for forgiveness, including Pell Grants, government-owned FFEL loans, and Direct Loans such as Parent PLUS and Grad PLUS loans. Certain loans from the Federal Perkins Loan Program and FFEL loans with private lenders are excluded. All private student loans are also excluded.

How do I find out if I have a student loan in my name?

StudentAid.gov is the U.S. Department of Education's comprehensive database for all federal student aid information. This is one-stop-shopping for all of your federal student loan information. At StudentAid.gov, you can find: Your student loan amounts and balances.

Do private student loans appear on credit report?

Both federal and private student loans are included in your credit report, so it's important to pay attention to them and make your payments on time and in full whenever possible. The worst thing you can do is ignore your loans when you can't pay them.

What happens when you get a private student loan?

What happens after you apply for a private student loan? After you apply for our private education loans for college or grad school, you'll typically get a credit decision within 15 minutes of applying. Once approved, you'll also get notices to review, accept, and e-sign your loan terms.


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Is LLC student loan aspire dental lake


Comment by Eldon Crossman

welcome back for another episode of strive for 25 Joel Farrell here and looking forward to [ __ ] all right welcome to another episode with Strife of 25 Joel Farrell here and I've got a really cool guest somebody that I'm looking to have on for a while now and this is a long time friend of mine who played baseball together I actually worked together across paths uh back in the banking side of things and I wanted to have him on and share a story because he got into uh you know the ownership side of of a business that has to do with his passion and the storyline and the timeline is such a cool and unique journey and I think well worth the uh The Listener so Mitch Thomas uh have you on here and uh just introduce yourself real quick uh thank you for having me uh Miss Thomas I am a co-partner of Power Alley sports uh doing business as The Hitting Zone located in O'Fallon Missouri um we have uh my business partners Kevin weisenborn who's uh has a young son uh at uh Francis Howe and uh we kind of got together um he I I know him from actually some of the spikes days if you remember Mike Talis uh playing with us on the spikes his son uh Kevin's son and Mike's son are close to the same age and they had the junior spikes team and that's how I met Kevin and um he would be in The Hitting Zone often uh and he kind of uh I like the way I went about my business and uh you know he was a businessman wanting to get out of the nine to five um and basically liked what I was doing and uh kind of wanted to invest in me and invest in some ideas and um we had some mutual friends that kind of led us to our conversation I really didn't know him until uh we became his business partners believe it or not I mean our friendship uh went from about one to one thousand uh in a snap of a finger so I've been an owner at the ending zone for I'm going on the fourth season right now um and I basically what I do is I'm a director of operations I handle some of the instructions some of our uh Team stuff and then obviously hiring firing employees um and and some of that stuff Kevin handles all the back end all the monetary banking loans anything like that so uh any any kind of uh updates it's my job to identify them and it's his job to pay for him right it's your relationship actually so you met Kevin along the way um and and you've had kind of a unique journey to even get to that point can you start from the very beginning here real quick yeah so um I I started I I was a two sport athlete in high school and went to I went away for college and wanted to get into computers at the time I really loved taking computers apart rebuilding them um and uh Missouri Western up in St Joe Missouri uh it's a division two school and offered me an opportunity to play both baseball and uh football and uh they had a computer engineering program a little did I know that engineering is not exactly what I wanted to do uh binary digits ones and zeros were not my thing um that was not a very good uh student athlete at Missouri Western so I returned home and and actually went to Forest Park and had uh graduated from their culinary program um at Forest Park and was on my way to actually Chicago Art Institute to finish my bachelor's degree uh when I have a job at Chrysler and and um I had young kids then basically had a high in high school I had a daughter and so she was starting to get involved in sports and um you know working at Chrysler and that I it didn't work out and eventually was laid off and then I became a coach um and I guess I coached her from 12 13 14 all the way out until she graduated but about the age of 14 it started to get real serious for us we started to compete at a high level I really got involved in into coaching and then back into lessons because my team was wanting me to train them outside of our regular team hours so it just kind of Grew From There Word of Mouth uh my my portfolio grew for clients and next thing I know and I'm making really good money on the side of of uh just kind of being a regular Joe um and that's I think that's when at the time same time my frame I met you from working at City uh and then playing spikes baseballs around that same time frame just so um just so the viewers know spikes baseball is is a men's baseball uh group for us old hats who got there and go play and compete uh I was a blasto just letting people know that so yeah it's it's we will call it amateur baseball baseball as a lot of people like to say of it but um yeah in that time frame that's kind of how it grew man um I I started getting involved in coaching and then I I was playing with you remember uh Kent Wallace he's a Wash U guy too um and I was sitting in the Dugout we were out in Belleville and he said he worked with a guy who um his wife was the washu softball coach and uh one thing led to another and I started coaching at washu and she said I would be a good coach what year was that that would have been 2000 and through man 13 2012. okay um so I've spent eight seasons at washu um but why was that uh at washu the head coach kind of pushed me to finish out my four-year degree because that's what it took to be College head coach and that was kind of the start of the the path I got into business management it was the fastest degree that I could get uh with the hours that I had in transferable stuff that I had so that's what I went for I graduated um started looking for head coaching jobs I was a finalist in a few and um basically at that point it kind of changed directions for me I I Casey and Ziggy Moore were the previous owners of The Hitting Zone they are SLU graduates they're Wentzville guys uh wanted to bring in softball Into The Hitting Zone and uh my daughter had graduated she was at UMSL plane I was at washu and I thought man this would be perfect this would be a full-time job that's when we work together at Busey about that time frame I guess about 2016 17 15 16 something like that yeah like that and uh they that's what they took me away from working at uh Busey oral Pulaski over there in Creve course so um that's where it kind of started man I worked there for a couple years for them um and I you know I was busting my tail and um one thing led to another one conversation on an early early like Friday morning they were having um the the owner Ziggy was having a practice and I had to meet him there to give him a key and I was a little frustrated with some things and um we were sitting on the sitting on the Dugout uh in The Dugout and he said you want to buy it and I thought he was full of crap um you know he had done a good job with the business him and his brother did and um sure enough it ended up happening so the the journey to get there was interesting too you know looking for small business loans um you know how how to fund it was definitely a process so it didn't happen overnight to buy it but um you know that happened in July I guess and we end up buying it in September that September uh one so it only took us about three four months to get things together okay was that in 2017 no 19. no that would have been 2019 because I'm going into my fourth year so okay yep 2019


Thanks for your comment Eldon Crossman, have a nice day.
- Shannon Sevcik, Staff Member


Comment by pomorkam6

hey everyone and welcome back to another video if you're new here my name is jasmine and i am a third year dental student at arizona school of dentistry and oral health i know it's a mouthful so we call it asdo i make videos about all things dentistry and going to dental school so if you're into that kind of content definitely subscribe and if you like this video hit the like button as well today's topic is one that i have really been wanting to make a video on because it was something that i was so worried about when i first considered dentistry and the huge investment of going to dental school so without further ado this is how to pay for dental school so many of you have asked me how i pay my bills when i'm in dental school how i pay for tuition and if you need to have a job while in dental school so i'm here to answer all of those questions and more and before i say anything else i will say anyone can afford to go to dental school and yes i mean anyone and the financial aspect should not hold you back if this is really what you want to do so a little background on me if you would have told me when i was say 19 20 21 that i would be going to dental school i would have told you you're crazy i can hardly afford my rent as it is i already have student loans there is no way i could afford paying hundreds of thousand dollars to go to dental school and to go to school for four more years so here's how i did it step one you're gonna need some money for your dat as well as your dental school applications so the dat costs 495 dollars and the application is 241 for the first school you apply to and 108 for each additional school so i applied to 10 schools so that was about 1200 you're also going to need a little bit of money for transportation if you have some interviews that are far from home so i would recommend saving about two thousand dollars for this process i was able to do that during my gap year and i saved some money from working as a dental assistant step two after you've submitted your applications you are going to need to fill out the fafsa the federal application for student aid this is the most important step in this entire process if you need help paying for dental school so don't miss out on this if you apply to dental school in the summer or fall you'll want to fill out the fafsa the following january or spring months so even if you don't know where you're accepted to yet or where you're going to go just fill out the fafsa and have that information sent to all of the schools that you've applied to so you will be applying for graduate school loans so it is known that you're going to need financial aid to cover your tuition and your living expenses so they calculate all of that and make sure that you get enough money to cover you for those four years of dental school so there is definitely no time for you to have a job while you are in dental school so you do not need to worry about that the loans should cover your living expenses and you can just focus on school and becoming the best dentist that you can by the time that you graduate step three at this point you will know where you're going to dental school you'll have been accepted and you'll be making plans to either move or start school where you currently live if you do choose a school that's far away from home you are going to need some money to cover those moving costs because the loans don't come in until about the first week of school so i had some money saved up and my parents did help me with the cost of the u-haul and with my first month's rent so that was really helpful but once school starts the loans start rolling in so you'll start school and your tuition will be paid directly by the loan agency you'll get what is ever left over for that six months to cover your expenses for that semester then the next six months they'll pay your tuition again and you'll get another disbursement to take home so you need to budget accordingly you don't want to spend all of your money in the first month because come month six something's gonna happen you're gonna need new tires or something so make sure you budget accordingly okay so i'm probably gonna get a lot of this in the comments but i accepted the full amount of loans so looking at my first year of school the tuition was about forty seven thousand dollars for that first semester that got paid directly by the loan agency and then i took home about twenty thousand dollars to cover my expenses for six months and i know that sounds like a lot it actually is a lot every semester since then it has been less but anyway looking back at that first semester sidebar this is the tuition for a more expensive school so it adds up to about 100 000 every year just for tuition so if you can get into a less expensive school that would probably be better for you when the day comes around that you start having to pay off your loans it doesn't make a difference really for how much you end up taking home for living expenses but at the end of the day when you're paying off your loans it'll be less and it'll be easier on you but paying off loans is a topic for another video so i won't get into that today so like i said i took home about 20 000 that first semester but keep in mind that number does fluctuate for example the next semester i got 18 000 and then the next year i had even less money to spend because i needed to pay for insurance because i turned 26 i'm old so i have to pay for my own insurance now and that is expensive so let's look let's look at my expenses looking back at my first year of dental school my rent electric bills cable wi-fi all those things was about 1 600 per month so that added up to 9 600 for that semester and i did spend some money to finish furnishing my apartment and get my new mattress so that's about a thousand my car insurance for six months is about seven eighty gas is about two hundred dollars per month groceries about a hundred fifty dollars per week so that includes things that i might need for my apartment like cleaning supplies shampoo and conditioner or other little necessities and things that come up eating out i would say two hundred dollars per month and i did also need to drop two thousand dollars for loops that semester so two thousand dollars and i spent a couple hundred dollars on getting the required school scrubs so that was all the money that was already a given that i would spend but keep in mind there's also incidental things like i had to have my car fixed there's also getting your haircut going to the movies with your friends having a weekend trip you're going to want to do all of those things and it's all part of the dental school experience so i didn't feel bad about spending that extra money at this point i feel like it's honestly drops in the bucket when you have a tuition of a hundred thousand dollars a year so spending a couple extra thousand dollars a year in the end when i'm paying off these loans is it gonna make that much of a difference i don't know you guys can come at me in the comments if you disagree but this is how i ended up doing it some people ended up having more money


Thanks pomorkam6 your participation is very much appreciated
- Shannon Sevcik


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