What is a federal student loan?

1 Answer

Answer :

The student loan is designed to help students pay for university, books, living, etc. There are many different types of loans, which depends on how much money does the student need.

Related questions

Description : Can you get a Federal Student Loan if you are working on a degree that is post MA?

Last Answer : Oh, and for the interest of anyone who intends to move past their masters, there are loans…

Description : Relief for Federal Student Loan Payment?

Last Answer : If you have fallen behind on student loan payments due to unemployment or health expenses, relief is available. Federal student loan payment assistance programs include consolidation of multiple loans into one ... as an emergency measure. These programs only apply to loans that are in good standing.

Description : Why do we allow the Federal Reserve loan money to commercial banks at almost 0% interest, who then loan the tax payers this money at a much higher interest rate?

Last Answer : If you want to learn more about the Federal Reserve system and how it works, start with Wikipedia and then, for fun, consider asking targeted questions of the conspiracy theorists here on Fluther. ... takes something of yours. Interest happens when you choose to pay for the opportunity to borrow.

Description : Can interest on Home Equity loan be deducted from federal taxes

Last Answer : The interest on most home equity loans is tax deductible. There are limitations to interest deductions for home equity loans depending on what the loan is used for. For more information about home equity loan tax deductions, see IRS Publication 936, Home Mortgage Interest Deduction .

Description : If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

Last Answer : The interest rates will decrease since there are more available funds for the bank to loan.

Description : Federal Stafford Loan?

Last Answer : The Stafford Loan program is administered and overseen by the federal government. These loans are made available to both undergraduate and graduate college students who are enrolled or are planning to be enrolled ... a student deferrals on repayment if he or she returns to school at a later date.

Description : Can someone help me apply for a federal loan?

Last Answer : Federal loans are available to students who are enrolled part-time or full-time in approved college or university programs. Many of these loans require that students fill out the FAFSA ... on the specifics of each student. Financial aid counselors can provide additional information upon request.

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!

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.

Description : Where can I find information on federal student aid?

Last Answer : Information on student federal aid can be found at Home - FAFSA on the Web-Federal Student Aid www.fafsa.ed.gov/ It is the official website and provides you with accurate up to date information.

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.

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.

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%.

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

Description : What are the differences between federal student loans and private?

Last Answer : 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

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.

Description : If I have a Student Loan from an institute, does that mean I can't go back to college to actually get my degree?

Last Answer : It's not a hard & fast rule, but it sounds like it would be unwise to add more student loans. Maybe not helpful at this point, but if I had to choose between a student loan and self- ... -debt https://www.bloomberg.com/view/articles/2018-07-10/when-student-loans-crush-bankruptcy-should-be-an-option

Description : How can I increase my student loan?

Last Answer : You can apply for a new student loan in another jurisdiction.

Description : Should I take out a student loan from a bank or credit union?

Last Answer : Check with your school for a federally insured student loan. Then you’ll know.

Description : How can I get a student loan, in Alberta, with a 725 credit score?

Last Answer : Contact a branch of ATB Financial and ask a credit officer.

Description : Do you know how I might find out who holds my other student loan?

Last Answer : Have you run your credit report? It should be there.

Description : What should I watch out for after staking a student loan through the heart?

Last Answer : They will probably try to milk you of every penny of the future interest they lost. Be sure to consult a lawyer if that happens.

Description : How can I get a student loan?

Last Answer : Do you live in the US?

Description : If your student loan has been placed on a conditional discharge can it be removed from a credit report?

Last Answer : I would not think so. I believe you would need the discharge documents to submit to the bureaus.

Description : Will you ever be able to payback your student loan debt?

Last Answer : I didn't take out loans for college, Thank goodness. I think graduating with debt is just awful. I was very lucky to have parents who could afford to pay for my college, and who always ... government providing higher education for our young adults, the way the system is set up needs so revamping.

Description : Should I payback my student loan?

Last Answer : answer:I am always in favor of paying off date. What I would do is save save save save. Continue to pay the $116, and then when you have $20K+ in the bank, pay off the loan (It will be lower by then) and start looking for a house while you continue saving. @johnpowell What are you talking about?

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.

Description : Why are they already billing me for my student loan?

Last Answer : Why were you taking out a loan for high school? I thought they were only for higher education.

Description : Where can I find a no cosigner student loan for my 18 yr old son?

Last Answer : answer:Sadly, having gone through the experience just a few years ago and hearing that it's only gotten worse you can't. Your best bet would be federal student loans. If your credit/financial ... government. And honestly, my government loans are pretty much the best, easiest, cheapest ones I have.

Description : A student loan without a cosigner or credit?

Last Answer : answer:Doubtful in the current economic climate, and even if they would you don't want it at a high interest rate (your education is no good if you're paying an extra few hundred thousand dollars ... ask?). Government loans are likely the only type you'll be capable of getting without a cosigner.

Description : What happens to student loan debt if you immigrate from US to Canada?

Last Answer : No. US law is not applicable in Canada.

Description : Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Last Answer : A mortgage(Apex)

Description : Who claimed it, after how many days?

Last Answer : Within 10 days of submitting documents. I was referred after 7 days.

Description : Where do you get a student loan?

Last Answer : Go to your college financial aid offices and they will tell youhow. If you are not accepted or enrolled in a college you have towait until you are. Usually part of the enrollment packet ... If you are still beingsupported by your parents they also have to include financialinformation on the forms.

Description : What is the average cost of CDL Training and can I get a student loan for it?

Last Answer : Most program costs are anywhere between $4000 and $5000. Parts of the new stimulus plan allow for loans for vocational training such as this. However, it is usually in the form of a tax ... . All paperwork for a federal loan for vocational training would need to go through the respective school.

Description : Can I stop my wages from being garnished for a defaulted student loan The company that is garnishing by check says that the money that is being taken from my paycheck is only paying their fee, not any part of the loan. Is there any way that I can repay it?

Last Answer : You cannot get out from under a student loan. If you have the ability to pay back the loan do so as quickly as possible as your interest will rapidly increase the principle, especially if part of your garnishment is not covering it.

Description : What are the terms of student loan forgiveness?

Last Answer : There are multiple ways to qualify for student loan forgiveness depending on the type of loan one has received. Some of the ways to qualify are military service, volunteer work, teaching in ... Loan forgiveness varies for each individual and should be researched based on the type of loan received.

Description : What does student loan forgiveness mean?

Last Answer : The forgiveness occurs when a student falls behind by either reducing the capital to be paid, reducing the interest rates or allowing a longer period of time to pay back the loan.

Description : What is the difference between a public and a private student loan?

Last Answer : Public, or government backed student loans tend to have lower interest rates. Private student loans are more difficult to obtain, especially for young people with no credit.

Description : What Are Your Options Regarding Student Loan Debt Forgiveness?

Last Answer : Millions of Americans are dealing with student loan debt. For most, that debt will linger with them for several years or decades. Although the average student loan debt is somewhere around $25,000, many ... loan debt gets away from you, there are options designed to help you deal with that debt.

Description : Where can I find online information about student loan forgiveness act?

Last Answer : Well, I would recommend finding information about the student loan forgiveness act at FinAid because they offer a variety of services. They also offer their services for a fee of no charge.

Description : I need a student loan could you get me one?

Last Answer : If you are looking for student loans you can go here: www.studentloans.gov/ to find a wide variety of student loans that will fit your needs for your education.

Description : What are the qualifications to receive a student Stafford loan?

Last Answer : Yes, any state receive federal and Stafford loans. You can visit the Sallie Mae website, the government website. You can also visit the local college or university that you are going to attend and speak with a financial aid representative.

Description : How can you get a student loan with bad credit?

Last Answer : The Federal Stafford Loan does not have a credit component to qualify. Also some student loans are not as strict for the components to qualify as well. So, yes, it is possible to qualify for an ... into scholarships, either at the school you are looking to attend, or in the area that you live.

Description : Is there a direct student loan available for attendance at a college this year?

Last Answer : Student loans can be generally broken into the categories of federal and private student loans. Private student loans are loans students borrow from lending agencies, with credit requirements, interest ... . The most common federal loans are Stafford Loans, Perkins Loans, and PLUS Loans.

Description : Can I apply for student loan from government?

Last Answer : Yes, you need to fill out your FASFA to find out what kind of loans or grants you qualify for. They will mark it based on your financial background.

Description : Where can I find information on student loan consolidation?

Last Answer : During this period, borrowers who make payments separately from your federal loans to one or more lenders (loans are settled before a management entity loans) may be eligible ... information about Conventional Loans Consolidation Direct Loan Program, visit Loan Consolidation Direct Loan Program.

Description : Where can I go for a private student loan?

Last Answer : A good way to get a private student loan is through Chase Select. Chase has a specific program for undergraduate , graduate and graduate health professional students. This is good way to help with tuition cost not covered by other grants.

Description : What is student loan forgiveness?

Last Answer : Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.

Description : How do I get a private student loan?

Last Answer : The first step in getting student loans is to make sure you have completed the FAFSA. You can check and ask banks for some good private loans.