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Search Results for: federal student loans

Cancellation, Discharge, and Forgiveness of Federal Student Loans

...is, log into My Federal Student Aid. Disability Certain Federal student loans, such as a Perkins loan, may be discharged if you can demonstrate that you are permanently and totally disabled. A veteran can submit documentation from the Department of Veterans Affairs. For non-veterans, a notice of receipt of Social... more

The Effect of Student Loans on Your Credit

...With the price of higher education today, student loans have become a necessity for many. When getting a student loan, remember that it can have a very long effect on your credit and also on your parents’ credit if they co-sign for you. Some are inclined to think “student... more

Types of Student Loans

...pay all fees and costs. The repayment terms may begin while the student is still in school. Interest rates vary with the lender, and the costs will be much higher than federal student aid. Advantages of Federal Student Loans Access to funds is the primary and most important advantage of... more

Types of Student Loans

...Nearly half of all American students take out loans to make attending college affordable, according to the U.S. Department of Education. A combination of federal and private aid often covers the part of tuition that scholarships and grants cannot. Understanding all student loan options is critical to getting the... more

Private Student Loans

...have replaced the Stafford loan program and are open to any student. Loans and Student Fund Priorities One can view private loans as a less preferred option to other forms of aid. Scholarships and grants do not require repayment, federal loans offer flexibility and subsidized interest payments. Other options include... more

Student Loans Without Credit Checks

...loans without credit checks. These are rare and intended to benefit the student without regard to credit worthiness. Some instances are fraternal organizations that keep a revolving loan fund for college students from member families. Private Lenders Require Credit Checks Those who cannot use federal loan programs, or whose needs... more

How to Choose the Right Student Loan Companies

...impact your life for many years. Federal Student Loans When looking for student loan companies, many students and their parents turn to the federal government. Federal loans often have flexible eligibility requirements and repayment terms. They are also appealing to many new students because applying for them is a simple... more

What Are Installment Loans?

...the money they want while still stretching out the debt schedule. Here are the ins and outs of those installment loans. Paying in Installments An installment loan involves a debt that must be paid back through two or more scheduled payments. The definition is intentionally vague because many financial accounts... more

How to Get a Student Loan for College That Pays for All Your Rent and Books

...most have stricter repayment terms than Perkins or Stafford Loans. Sources of Student Loans There are two major categories of student loan sources, public sources such as state and federal government agencies and private sources like banks, private lenders, and finance companies. Private loans set their terms, and many now... more

How to Shop for a Student Loan in 8 Steps

...loan can be refinanced or consolidated. In most cases, private alternative loans cannot be lumped together with federal student loans. Because only a limited number of lenders offer private education loans, consolidating loans from various banks into a single monthly payment can be challenging. 7. Look at borrowing limits. Has... more

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