What are the differences between federal student loans and private?

What are the differences between federal student loans and private?
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Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org
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Related questions

Does it matter which lender I choose for my federal student loans?

Description : Does it matter which lender I choose for my federal student loans?

Last Answer : The differences have to do with the fine points of repayment. Check out this article to see if any of these apply to one or the other. Also, Fifth Third bank has had some problems with government auditors. Good luck, PnL!

Am I eligible for federal student loans if I attend dog grooming school?

Description : Am I eligible for federal student loans if I attend dog grooming school?

Last Answer : Federal Student loans are available only for educational purposes. A dog grooming school would not qualify as such.

Where can I find information about federal student loans?

Description : Where can I find information about federal student loans?

Last Answer : You can find a lot of information about federal student loans online. There are many websites where you will be able to ask further questions and get help from other people.

Repayment of Federal Student Loans?

Description : Repayment of Federal Student Loans?

Last Answer : A majority of college students require some financial aid to attend their school and federal student loans are one option for funding an education. Federal student loans have a set interest rate and ... the time an individual is in school but have lower limits for borrowing than unsubsidized loans.

What is the interest rate on federal student loans?

Description : What is the interest rate on federal student loans?

Last Answer : The current interest rate on direct subsidized federal Stafford loans for undergraduate students is 3.4%. The interest rate for graduate and professional students and on all unsubsidized loans is 6.8%.

The difference between federal direct student loans and pell grants.?

Description : The difference between federal direct student loans and pell grants.?

Last Answer : The federal direct loans come directly from the federal government instead of private lenders. I believe loans have to be paid back but most grants do not. you can find more information at federaldirectloans.com

Take Out Subsidized Federal Student Loans?

Description : Take Out Subsidized Federal Student Loans?

Last Answer : When taking out federal student loans, try to take out the maximum amount of subsidized loans possible. Subsidized loans carry a lower interest rate than non-subsidized loans. You can end up saving ... subsidized loans. You should always try to qualify for as much subsidized loan money as possible.

Can an unclassifed graduate student get private student loans?

Description : Can an unclassifed graduate student get private student loans?

Last Answer : Sure. I have a friend who took out a $28,000 loan from a bank to complete a post-baccalaureate pre-med program. …but make sure it’s worth it.

Best interest rate for private student loans?

Description : Best interest rate for private student loans?

Last Answer : citibank mine seem to be really low what is your current rate?

Can I apply for private student loans?

Description : Can I apply for private student loans?

Last Answer : https://www.studentloan.com/ contains information on student loans application, and how to pay for college. http://www.privatestudentloans.com/ has to do with private student loans

Should I get private student loans or government student loans?

Description : Should I get private student loans or government student loans?

Last Answer : Loans can help with the expenses of college. You should look into the loans at both a government and private level to see what has the lowest interest rates.

are there federal programs to reimburse teachers for school loans they already paid

Description : are there federal programs to reimburse teachers for school loans they already paid

Last Answer : Need Answer

Has the Federal Reserve increased the rates for small business loans, and if so by how much?

Description : Has the Federal Reserve increased the rates for small business loans, and if so by how much?

Last Answer : The Federal Reserve does not set the rates for small business loans. They set the Federal Discount Rate-- the rate at which banks may borrow directly from the Fed. Since this is the rate ... they always charge more than this rate for loans. SBA.gov administers Federally Backed small business loans.

Federal Direct Stafford Loans?

Description : Federal Direct Stafford Loans?

Last Answer : For many students looking to attend a post-secondary institution, the mountainous costs of attendance and tuition can seem to be insurmountable obstacles; however, due to federal and state loan programs, ... should be chosen as a first option if loans are a necessity for paying for college.

Where can I find information about federal loans?

Description : Where can I find information about federal loans?

Last Answer : Students may need assistance with paying for college. Luckily, there are loans available to help them. The website www.nslds.ed.gov is a great website to find information for the loans.

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

Private Education loans...

Description : Private Education loans...

Last Answer : I have a friend who is in the same boat. Unfortunately, she'll be repaying those private loans well into her 40s-50s. (We're in our 20s now.) Private student loans cannot, ... loans. Nevertheless, there are several options for refinancing private education loans. Go Here for some more information.

Can private individuals obtain construction loans for remodeling or building?

Description : Can private individuals obtain construction loans for remodeling or building?

Last Answer : Remodeling loans are based, generally, on the equity in the property. A remodeling loan is usually a second mortgage. Loans for building, depend on what is being built. An individual who owns the land ... a home, provided that his/her credit score and income:debt ratio is acceptable by the lender.

Can you tell me about private education loans vs. government education loans?

Description : Can you tell me about private education loans vs. government education loans?

Last Answer : If you do not want federal student loans, you can get private student loans through your bank, such as Chase or Citizens Bank. You can also get private loans through Sallie Mae.

Who offers private loans for students?

Description : Who offers private loans for students?

Last Answer : Most national lenders offer private student loans (Well Fargo, WaMu, Chas, Citi, etc.) Keep in mind that these programs are money-makers for the lenders. They are not charitable pursuits that are ... an unsubsidized loan, which is much better terms and rates than private borrowing. www.fafsa.ed.gov

Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ? 1. Asian Development Bank 2. IMF 3. International Development Association 4. International Finance Corporation 5. None of these

Description : Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ? 1. Asian ... . IMF 3. International Development Association 4. International Finance Corporation 5. None of these

Last Answer : International Finance Corporation

Loans raised by the government from the public are known as: a) Corporate borrowings b) Common borrowings c) Market borrowings d) Private borrowings

Description : Loans raised by the government from the public are known as: a) Corporate borrowings b) Common borrowings c) Market borrowings d) Private borrowings

Last Answer : : c) Market borrowings

The minimum amount of------------------,irrespective of such private participation,could be specified at a minimum 17.5 per cent of project costs by lending institutions. A. bank loans B. promotors contribution C. fixed capital D. working capital

Description : The minimum amount of------------------,irrespective of such private participation,could be specified at a minimum 17.5 per cent of project costs by lending institutions. A. bank loans B. promotors contribution C. fixed capital D. working capital

Last Answer : B. promotors contribution

Do I need to pay off both student loans before I can receive FASFA agian?

Description : Do I need to pay off both student loans before I can receive FASFA agian?

Last Answer : Did you look at the FAFSA website?

Can homeless people get student loans?

Description : Can homeless people get student loans?

Last Answer : It may depend on their credit rating. When I got a federally insured student loan, it was for schooling only and the school received it all. After I had been out of school for six months I had to start ... about $60 a month, the last six months about $110 a month. (Didn't have to pay that back.)

Do you know that your student loans can sometimes be forgiven if you have a permanent severe disability?

Description : Do you know that your student loans can sometimes be forgiven if you have a permanent severe disability?

Last Answer : Toast with jam, if dropped will land jam side down.

I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Description : I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Last Answer : Sell things. Ask family for money. Get a few more jobs. Sell your plasma. You dont specify your languages or skills, or your country. You coming here to study? Too many unknown factors.

Taxes and Student loans. How many exemptions should I have?

Description : Taxes and Student loans. How many exemptions should I have?

Last Answer : I never knew paying off a student loan lowers your taxes?? I’ll be interested in the answers. You can write off the interest I think, just like a house mortgage. That isn’t a reason to keep the loan though. If you can pay it off pay it.

How long would you stay in an agony booth (from Star Trek reverse dimension) in order to pay a portion of your student loans? (Details inside )

Description : How long would you stay in an agony booth (from Star Trek reverse dimension) in order to pay a portion of your student loans? (Details inside )

Last Answer : answer:I don't think the Agony Booth electrocutes people. It uses nerve induction to directly stimulate the pain receptors of the brain without causing physical damage. There's a limited amout of pain ... achieving a deeper and deeper level of meditation. Getting paid for this would just be a bonus.

Can you go to jail if you can't pay back loans, such as student loans?

Description : Can you go to jail if you can't pay back loans, such as student loans?

Last Answer : No, you can’t go to jail. You may end up bankrupt, and you may be in debt for a long time. But you won’t go to jail.

Can I immigrate to the UK if I owe student loans in the US?

Description : Can I immigrate to the UK if I owe student loans in the US?

Last Answer : What @FutureMemory is trying to say is that you need a WORK permit, you cannot just go to the UK to look for work. There about 2.5 million unemployed in the UK, looking for work.

Have you ever used Sallie Mae for student loans as an undergraduate?

Description : Have you ever used Sallie Mae for student loans as an undergraduate?

Last Answer : Additionally, where should I apply for loans? I am trying to stick to Government approved loans, so Sallie Mae probably not what I’m looking for, however there seems to only be one option for my school called the “William D. Ford Direct Loan Program”

Did you apply for student loans just because you could?

Description : Did you apply for student loans just because you could?

Last Answer : answer:No, my parents didn’t pay for anything. They couldn’t have afforded it. I got through college on a combination of scholarships, student loans and part-time jobs.

Alternatives to borrowing a couple grand for school (a post-grad program) without going the way of student loans?

Description : Alternatives to borrowing a couple grand for school (a post-grad program) without going the way of student loans?

Last Answer : Will your current employer sponsor you? Some companies and organisations will (though most don’t). You could approach your boss about it, unless you’re undertaking further education to get out of the job!

Is there a student loan insurance market and where can I find detailed data of student loans in the U.S.?

Description : Is there a student loan insurance market and where can I find detailed data of student loans in the U.S.?

Last Answer : I found an article about student loan insurance, but that was all I found. Here is site about federal student loans/financial aid.

How can I help my brother with his student loans?

Description : How can I help my brother with his student loans?

Last Answer : answer:Unfortunately, it doesn't seem to me that there's much you can do to help if you don't have money to share with him. Your brother seems (understandably) upset by the situation - could it be ... , they could be a nice interest-free source to borrow that money from. I wish you both the best!

Do you regret taking student loans?

Description : Do you regret taking student loans?

Last Answer : Well I don’t regret it yet, but yes, I apparently will. Either way though, it seems that I exist merely to pay for things, so even if I hadn’t got any, I’d still be paying things off everywhere, so what the hell.

What is the best way to go about applying for student loans?

Description : What is the best way to go about applying for student loans?

Last Answer : You need to talk to your student aid counselor at your school.

Does anyone know a good company to consolidate student loans?

Description : Does anyone know a good company to consolidate student loans?

Last Answer : Welcome to the real world! you think it’s bad now . . . wait till you get to form a family with kids. . . . you’ll need all the training and disciplne you can learn at this time. Check out www.SallieMae.com

What's a good way to get student loans organized?

Description : What's a good way to get student loans organized?

Last Answer : See if you can get the Federal Student Loan Program to take over your debt.

Can people claim bankruptcy to get out of paying student loans back?

Description : Can people claim bankruptcy to get out of paying student loans back?

Last Answer : The short answer is maybe. It will depend on what kind of bankruptcy you claim. New bankruptcy laws make it harder to get rid of the principle loan but will forgive the interest, late payments, and so on. Chapter 7 or 13 or 11? It can get very confusing.

So I have an idea to start a program for students in debt with student loans, how can I start this?

Description : So I have an idea to start a program for students in debt with student loans, how can I start this?

Last Answer : first of all, paragraphs are your friend. it sounds like you want to set up a non-profit agency. You need to file with your state to begin. You must have a plan in place before you file. For ... as a non-profit agency so they can report it as a donation. http://www.usa.gov/Business/Nonprofit.shtml

Can I re consolidate my student loans now that the interest rate is lower?

Description : Can I re consolidate my student loans now that the interest rate is lower?

Last Answer : It would be advisable. Speak to a specialist broker.

Can I "sell" my student loans to another company?

Description : Can I "sell" my student loans to another company?

Last Answer : I'm actually sort of in the same position. From what I've been able to tell, there aren't many, if any loan companies that will consolidate all your loans and put off repayment. You may have to ... so hardly any US lenders wanted to deal with me other than Sallie Mae (but they're super corrupt).

Any advice when looking for student loans/funding?

Description : Any advice when looking for student loans/funding?

Last Answer : Let me warn you now: Don’t be fooled by those fake FAFSA people who charge you to process an application. Applying for FAFSA is free. It is a government program. My dad got tricked into paying for it… I shoulda set it up for him

What banks do student loans directly at banks ?

Description : What banks do student loans directly at banks ?

Last Answer : Navy federal. PNC bank use to but I don’t know if they still do.

Is law school worth $150k in student loans, 3 years' lost wages, and concomitant stress?

Description : Is law school worth $150k in student loans, 3 years' lost wages, and concomitant stress?

Last Answer : Law school does not have to cost that much. My “sister-in-law” just graduated from law school. Considering how much she’s currently earning at her entry-level position, I’d say yes.

What these statements about student loans is not true?

Description : What these statements about student loans is not true?

Last Answer : Need answer

What do many banks consider student loans risky investments?

Description : What do many banks consider student loans risky investments?

Last Answer : They can't provide Collateral - Apex : )

How to Apply for Student Loans?

Description : How to Apply for Student Loans?

Last Answer : Applying for student loans for the first time can be a confusing process. There are a variety of student loans that are available through different lenders. However, the two main types of students loans ... will not be expected to be paid back, while any student loans that a student receives wil