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Yes
Wiki User
∙ 12y ago
Yes, felons can be eligible for federal student loans. However, individuals convicted of drug-related offenses may face limitations and restrictions on their eligibility for federal aid. It's recommended to complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility.
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What is the student loan consolidation law?
The student loan consolidation law allows borrowers to combine multiple federal student loans into a single loan with one monthly payment. This can simplify repayment and potentially lower monthly payments by extending the repayment period. It's important to note that private student loans are not eligible for federal consolidation under this law.
Can a cosigner on a student loan can I take signer to court?
Yes, a cosigner on a student loan can take the primary signer to court if they fail to make payments on the loan. As a cosigner, you are equally responsible for the loan and have the legal right to seek repayment through legal action if necessary. It's important to consult with a legal professional for guidance on the specific circumstances of your situation.
If a student should decide to leave school permanently for any reason how many months does the student have before he or she needs to begin repaying the District Stafford Loan?
The student would have a grace period of typically 6 months before they are required to start repaying the District Stafford Loan after leaving school permanently.
Can a felon live in a house with a gun in WV?
In West Virginia, felons are prohibited from possessing firearms. Therefore, it is illegal for a felon to live in a house where there is a gun present. Violating this law can result in serious legal consequences.
Will a person lose his Federal Student Loans for a possession of marijuana charge?
Possibly. A possession of marijuana charge can impact a person's eligibility for federal student loans if they are convicted of a drug-related offense while receiving federal aid. It is important to check with the financial aid office for specific guidance on this matter.
What is the best federal student loan program?
There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.
Can you file bankruptcy for your student loans and keep your house out of it?
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.
Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?
Yes.
What has the author Donald Conner written?
Donald Conner has written: 'Federal student loan programs data book, FY 94-96' -- subject(s): Federal Direct Student Loan Program (U.S.), Federal Family Education Loan Program, Government policy, Student aid, Student loan funds
How do you obtain a federal student loan?
Go to student loan area--financial assistance--at the school where you are applying.
Does a student have to be full time to receive a federal student loan?
yes
What can you do to geta student loan?
The Free Application for Federal Student Aid
How do you get a student loan if you are not 18?
You can still receive a federal loan. Complete your FAFSA.
Do you have to repay a federal student loan?
Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.
How can you get a student loan without a co signer?
You may want to consider a federal student loan as these types do not require a cosigner.
Where can I find information about student loan rates?
Student loan rates vary by the type of student loan, but can be either fixed or variable rate. Most federal student loans are fixed at 6.8% Private student loan rates are typically higher.
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
