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What are the differences between federal student loans and private?
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
Do federal Stafford loans have to be paid back?
Yes, you need to pay back federal Stafford loans.
What can federal student loans be used for?
Federal student loans can be used to pay for college tuition, and if you have any funds left over after paying your tuition, you can use those funds to pay for other school-related expenses, such as textbooks, rent, school supplies, child-care, etc. http://Studentaid.ed.gov will provide the best answer to this question.
Do you still have to pay back student loans if the school is no longer in business?
Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.
Can a transfer student apply for a loan to attend a new school and use some of that loan to pay for something last semester at his old school?
For federal loans that require a FASFA, NO. For private loans, ask the private lender.
Where can I find information on applying for a federal student loan?
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the most common and one of the lowest-cost ways to pay for school.
When are you required to pay back a FAFSA loan?
Yes, you are required to pay back federal loans that your accept after filling out the FAFSA. This includes subsidized loans, unsubsidized loans, and PLUS loans.
Will you get more financial aid if you have to pay out-of-state?
No, the limits on Federal Stafford loans per year are fixed, whether you go to school in state or out of state.
How do federal student loans hurt students more than help them?
Federal student loans are usually easier to pay off then loans from a bank or other source due to their low interest rate. However, they may hurt students more than help them because federal student loans, like all student loans, take a long time to pay off.
The federal government provides what to help states pay for some of their programs?
my guess would be "federal loans"
How did Mitt Romney pay for school?
Loans (from his parents?)
Run-on sentence Going to medical school is very expensive it can take years to pay off school loans?
Going to medical school is very expensive, it can take years to pay off school loans.
