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What is a student loan calculator?
This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.) If You need this calculator visit this site http://www.finaid.org/
How much of your paycheck can be garnished for a federal student loan in Texas?
The Federal guideline is 15-25% of your paycheck.
The Perkins Student Loan Option?
Attending a university can be financially very difficult. Without a scholarship or a good financial aid program, some students have to sacrifice their ambitions to earn a lessor degree, or not attend a college at all. This isn't necessary if the Federal Perkins Loans are utilized. The Perkins Loans are government loans with a low interest rate. This loan benefits undergraduate and graduate students with a serious financial need and is made only through schools that participate in this type of loan. The student will qualify by being able to show the greatest level of financial need. This is determined by the Expected Family Contribution (EFC) which is verified by the government's Free Application for Federal Student Aid (FAFSA). Those who receive Federal Pell Grants will be first on the list to acquire the Perkins Loan. Other qualifications for the loan besides the EFC, are that the student needs to be a US citizen or eligible non-citizen and have a social security number, have a GED or high school diploma or pass an ABT test, keep a satisfactory grade average, and working to earn a certificate or degree. In addition to these requirements, a male student also needs to register with the Selective Service between the ages of 18 and 25. A negative aspect of applying for this loan is the fact that since the schools distribute it on behalf of the government, the funds will eventually be gone, and when they are gone there aren't any more available. Even if the student should qualify for a Perkins Student Loan, it may not be available at the time of application. Because of this unfortunate feature, it is best to submit the FAFSA on January 1 or very close to that date. It will make it easier to get the highest amount possible and also be able to acquire the Perkins Loan benefits. An undergraduate student can receive as much as $4,000 a year with a total of $20,000 for the whole undergraduate program. Graduate students can receive $6,000 per year with a total of $40,000. If the student is fortunate to get the Perkins Loan, the full amount available should be taken.
What types of student loans are available in the US?
There are two broad categories of college student loans: loans based on financial need and loans not based on financial need. College loans based on financial need are advantageous because they have better terms and tend to have lower or fixed interest rates, which are subsidized (the government pays your interest while you are in college and for six months after you graduate). Therefore, you will not accumulate as much debt with a need-based loan and it helps that they offer more flexible repayment plans. It's a good idea to feel out the Free Application for Federal Student Aid (FAFSA) when applying for student loans to make sure you are eligible for a need-based loan.College Loans Based on Financial Need:Federal Perkins Loan:The Federal Perkins Loan is an institutional, campus-based loan that is administered directly by the financial aid office at each participating school. In this case, your school is the lender, even though the loan is made up of government funds. The Perkins Loan has a low interest rate, currently set at approximately 5%.Subsidized FFEL Stafford Loan:A FFEL Program Loan is one type of Stafford Loan. Funds from your Federal Family Education Loan (a.k.a. FFEL) Program Loan will come from a bank, credit union or other lender that participates in the program. You'll need to choose a lender if you obtain a FFEL Stafford Loan (today many lenders offer online loan applications). Schools that participate in the FFEL Program will usually have a list of preferred lenders. Because the loan is subsidized, the government pays the interest that accumulates on the loan while you are in school and during a six-month grace period after college.Subsidized Direct Stafford Loans:A Direct Loan (or the Federal Direct Student Loan Program) is another type of Stafford Loan and works similarly to the FFEL Program, only in this case the federal government is the direct lender. Similarly, the Subsidized Direct Stafford Loan means that the government will pay the interest while you are at school and for six months after college.College Loans Not Based on Financial NeedUnsubsidized Stafford Loans (FFEL Programs and Direct Loans):These loans basically work the same way as the subsidized Stafford Loans, except for one major difference: This time you have to pay the interest, although you can defer the payments until after graduation.Federal PLUS Loans (FFEL Programs and Direct Loans):This is a loan for parents, in which your parents take out a loan to pay for your schooling. PLUS Loans are available through the Federal Family Education Loan (FFEL) Program and the Direct Loan Program. The Direct Plus Loan comes directly from the U.S. Department of Education while the FFEL program works through a bank, a credit union or another lender that participates in the program. Generally, your parents can borrow up to the total cost of your attendance, minus any aid received. If the loan is approved (your parents must have an acceptable credit history), the money is sent directly to the school and repayment starts within 60 days after the final disbursement of the loan.Private or alternative loans:Private education loans are available to students, usually at higher interest rates than the federal loans described above. Colleges and universities may provide a list of private loan sources; you can check with banks or other financial institutions with which you have accounts to see if they apply. Although they are not necessarily considered college financial aid loans, for many families these loans are a key way to afford paying for college.
What are typical college loans?
Typical college loans refer to the various types of loans that students can take out to pay for their higher education. These include federal student loans, such as the Perkins Loan and the Direct Loan, as well as private student loans offered by banks and other lenders. Loan terms and conditions can vary, including factors such as interest rates, repayment plans, and eligibility requirements.
where can I get private student load and how can it help me?
A federal student loan is most likely only going to be used on your tuition expenses. This is due to the fact that some federal student loans, like the Stafford or Perkins student loan might only help you pay some of your tuition, in other words it wont cover the full cost of your tuition. In this case it obviously cant help you pay for outside expenses because it does not even cover the cost of your tuition. Private student loans can be much more flexible. A private student loan can be made to cover the entire cost of your tuition as well as cover outside expenses.
How much does Glen Perkins weigh?
MLB player Glen Perkins weighs 205 pounds.
What a federal student loan?
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.
What is a federal student loan?
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.
Federal Perkins Loan?
A Federal Perkins Loan is campus-based financial aid that offers educational assistance to students with financial need. The individual school assumes the role of the lender and accepts all loan repayments. Students have up to 10 years to repay the loan at a five percent interest rate. To begin the loan process, applicants must file a Free Application for Federal Student Aid, which is available on the Federal Student Aid website (fafsa.ed.gov) or the college financial aid office.EligibilityBe a U.S. citizen, permanent resident or eligible non-citizen.Possess a valid social security number unless living in the Republic of the Marshall Islands, Federated States of Micronesia and the Republic of Palau.Register with the Selective Service through the Selective Service Website (sss.gov), the post office or high school. This only applies to males between 18 and 25 years of age.Possess a high school diploma or GED.Obtain acceptance into a degree or certificate program at a participating school.Demonstrate satisfactory academic progress.Be current on any additional federal Stafford loans.How Much Can You Borrow?Eligible students can borrow to $5,500 as an undergraduate with a maximum of $27,500 for the entire academic program. Graduate students can receive up $8,000 per academic year with a maximum of $60,000, which includes the $27,500. Financial need, application date and school funding level determine student eligibility. The school determines the amount a student receives.Advantages and DisadvantagesPerkins Loans have a set interest rate, which means payments remain fixed if interest rates increase. This loan has no origination or default fees. Students receive free life and disability insurance to cover repayment. A Perkins Loan has a nine-month grace period compared to the Stafford Loan six-month grace period. Students entering a public service field, such as education or law enforcement, may be eligible for a loan forgiveness or repayment program. Perkins Loan debt is also eligible for hardship and unemployment deferments, but ineligible for bankruptcy discharge. Some schools restrict eligibility to sophomores or higher. Schools may assess late payments when a student misses a payment, pays late or submits less than the required repayment amount. Interested students may obtain additional information and assistance by accessing the FAFSA website or contacting the Federal Student Aid assistance line at 1-800-433-3243.
Understanding the Ins and Outs of the Perkins Loan Application ?
Funding for college is all about exploring all possible options. There is financial aid for people who fill out their FAFSA and look for all types of funding. This means being aware of deadlines and understanding the ins and outs of aid. One viable option that is popular and common for students of all ages is the Perkins loan. This loan is offered to need-based students around the country. The following are some things that people should know about the Perkins loan application.Get Your Financial Information TogetherThe first thing anyone needs to do is get all of their financial information in order. This means getting together tax forms and pay stubs as well as a legal guardian if the person is still claimed on their parents' taxes. It is important to also have one's Social Security number on hand. This information is needed for college applications as well as for the FAFSA, an application for federal aid. The Perkins loan application is basically the FAFSA.Get the FAFSA DoneIt is important to stay on top of deadlines when it comes time to fill out a Perkins loan application. This means knowing when this document is due and completely filling it out. Missing the deadline or filling out the application incompletely could cost a person a lot of money in financial aid. This is why it is important to really be thorough and organized when it comes time to apply to college and look for financial aid.Understand This is a LoanThe most important thing for people looking for financial aid is that they need to understand that the Perkins loan is exactly what it says: a loan that needs to be repaid. This is not free money. Thus, people should not only keep looking for scholarships but need to be smart about exactly how much money is taken out at a given time. Understanding this loan means knowing what one is getting into.
How much does a pie at Perkins cost?
$13
