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Can student loans be used for things such as an apartment or a car if it is necessary to complete the education?
Your student loans are yours. You have to repay them later, so you do what you want to with them now. Yes, they are supposed to be for help in your education, but I am raising two kids and going to school only with my student loans. The only demand by the lenders is to payoff your loans on time, otherwise you can do anything with your loan as you want.
How to Apply for Student Loans?
Applying for student loans for the first time can be a confusing process. There are a variety of student loans that are available through different lenders. However, the two main types of students loans are those given by the federal government and those obtained through a private financial institution.If a student is interested in obtaining federal student loans, he or she must must complete a FASFA, or Free Application for Federal Student Aid. Once this is processed, the school that a student is attending will determine whether he or she is eligible to receive financial aid and the amount of money that a student will be eligible to receive as a student loan. Any financial aid that a student receives will not be expected to be paid back, while any student loans that a student receives will require payment after a student is no longer in school for a set period of time.There are currently two types of student loans, subsidized and unsubsidized. Subsidized student loans are given to students that are found unable to pay for their schooling due to a low income. These loans will be interest free until a student is no longer enrolled in school. Unsubsidized student loans are those that do not require a student to prove financial need, but will charge interest while a student is in school, which can either be paid or rolled back into the total balance of the loan.If a student does not qualify for financial aid and does not receive a large enough student loan that he or she will be able to pay for their schooling, it may be advisable to also apply for a private student loan. Private student loans are those that are received from private financial institutions. Most banks will offer student loans to students that qualify. Applications can be filled out either online or in person and the bank will then determine how much a student is eligible to receive. However, due to poor or limited credit history, many students find it is necessary to have a co-signer, which can be a parents, relative, or other adult. Student loans are a great way for a young adult to go to the school of their choice and begin working towards a bright and successful future career.
Different Types of Student Loans?
There are plenty of types of student loans that are available to those looking to go to school to better their life. The most common type of student loans are loans that are borrowed from the government itself. These type of loans come in two varieties, subsidized and unsubsidized. These loans types are important to consider in that they have different meanings for how they must be paid back. The subsidized ones are given to those who are from lower income families. On these loans, the interest is paid by the government. On the unsubsidized ones, the individual must pay the interest on the loan that they are borrowing.
Student loans and bankrupsy.can they be discharged?
Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.
Can you receive student loans after filing bankruptcy?
One can usually get student loans after bankruptcy so long as they meet the other eligibility requirements for those loans. Public policy mandates that a "well-educated" society is a "better" society, so for that reason student loans are protected from bankruptcy so lenders will freely give student loans without fear of being filed on. And, since student loans are excepted from discharge in bankruptcy, they're not generally too skittish about someone who has filed before. I have had several clients ask me that same question, and I tell them what I said above and I ask them to let me know if they ever do have a problem getting a student loan due to bankruptcy. So far, no one has ever called me saying the bankruptcy caused them any problems in getting student loans... for what it's worth. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person. that is not necessarily true. i filed bankruptcy and have had a steady job and even paid off a car loan that was applied for after the bankruptcy and I still cant get student loans. When you file for bankruptcy, you're still eligible for government loans, but not for private loans. These are the two basic types of loans. You should be able to qualify for government loans because these loans are based on need rather than credit
Can you co-sign student loans for two children?
Yes, it is possible to cosign for student loans for two children. To cosign, one will have to meet the credit requirements.
What are two forms of financial aid?
student loans
Where can one find Canadian student loans?
National Student Loans and CanLearn are two organisations that can offer student loans to Canadians studying in Canada. Loans for overseas studies are also available but may be constrained by course type and duration.
Are chase student loans better then ford direct loans?
Chase student loans and Ford direct loans are very similiar. Depending on the student's needs, either or is best. For a clearer view on the difference between the two, I suggest calling both Chase and Ford, and speaking to them about your needs, and see which is best for you.
Can student loans be used for things such as an apartment or a car if it is necessary to complete the education?
Your student loans are yours. You have to repay them later, so you do what you want to with them now. Yes, they are supposed to be for help in your education, but I am raising two kids and going to school only with my student loans. The only demand by the lenders is to payoff your loans on time, otherwise you can do anything with your loan as you want.
How to Apply for Student Loans?
Applying for student loans for the first time can be a confusing process. There are a variety of student loans that are available through different lenders. However, the two main types of students loans are those given by the federal government and those obtained through a private financial institution.If a student is interested in obtaining federal student loans, he or she must must complete a FASFA, or Free Application for Federal Student Aid. Once this is processed, the school that a student is attending will determine whether he or she is eligible to receive financial aid and the amount of money that a student will be eligible to receive as a student loan. Any financial aid that a student receives will not be expected to be paid back, while any student loans that a student receives will require payment after a student is no longer in school for a set period of time.There are currently two types of student loans, subsidized and unsubsidized. Subsidized student loans are given to students that are found unable to pay for their schooling due to a low income. These loans will be interest free until a student is no longer enrolled in school. Unsubsidized student loans are those that do not require a student to prove financial need, but will charge interest while a student is in school, which can either be paid or rolled back into the total balance of the loan.If a student does not qualify for financial aid and does not receive a large enough student loan that he or she will be able to pay for their schooling, it may be advisable to also apply for a private student loan. Private student loans are those that are received from private financial institutions. Most banks will offer student loans to students that qualify. Applications can be filled out either online or in person and the bank will then determine how much a student is eligible to receive. However, due to poor or limited credit history, many students find it is necessary to have a co-signer, which can be a parents, relative, or other adult. Student loans are a great way for a young adult to go to the school of their choice and begin working towards a bright and successful future career.
Different Types of Student Loans?
There are plenty of types of student loans that are available to those looking to go to school to better their life. The most common type of student loans are loans that are borrowed from the government itself. These type of loans come in two varieties, subsidized and unsubsidized. These loans types are important to consider in that they have different meanings for how they must be paid back. The subsidized ones are given to those who are from lower income families. On these loans, the interest is paid by the government. On the unsubsidized ones, the individual must pay the interest on the loan that they are borrowing.
Student loans and bankrupsy.can they be discharged?
Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.
I filed bankruptcy under Chapter 13. Student loans were discharged under hardship. Do I still have to pay them?
Chapter 13 is "reorganization" plan for payment. Student loans were within the plan for payment? or were they discharged within another bankruptcy? normally student loans are not dischargable, (11 U.S.C. sec. 523(a)(8) bankruptcy:) there are two exceptions: 1: loans are not from any governmental agency unit or non profit 2: paying the loan will impose an undue hardship to dependents.
If you start paying your student loans 6 months after graduation but then decide to get more loans to attend graduate school will the original loans be deferred until you graduate?
You will need to contact your loan provider and apply for deferment. You can have loan payments postponed only if you are enrolled in school full-time or two classes. If you take one class at a time, they will make you continue to pay monthly on your student loans.
Can you receive student loans after filing bankruptcy?
One can usually get student loans after bankruptcy so long as they meet the other eligibility requirements for those loans. Public policy mandates that a "well-educated" society is a "better" society, so for that reason student loans are protected from bankruptcy so lenders will freely give student loans without fear of being filed on. And, since student loans are excepted from discharge in bankruptcy, they're not generally too skittish about someone who has filed before. I have had several clients ask me that same question, and I tell them what I said above and I ask them to let me know if they ever do have a problem getting a student loan due to bankruptcy. So far, no one has ever called me saying the bankruptcy caused them any problems in getting student loans... for what it's worth. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person. that is not necessarily true. i filed bankruptcy and have had a steady job and even paid off a car loan that was applied for after the bankruptcy and I still cant get student loans. When you file for bankruptcy, you're still eligible for government loans, but not for private loans. These are the two basic types of loans. You should be able to qualify for government loans because these loans are based on need rather than credit
Direct Consolidation Loans?
Students with two or more federal student loans can consolidate all of their federal loans by applying for Direct consolidation loans. Students who apply for a Direct consolidation loans usually choose to consolidate their loans for many reasons, including but not limited to extending the original repayment term of their original loan to 30 years, lowering their monthly payment, lowering their interest rates and securing additional forbearance and deferment time.Students Who Apply for Direct Consolidation Loans Manage Their Loans BetterMany students find it easier to manage all of their student loans by consolidating their existing federal student loans into one loan. Consolidation allows students to combine two or more student loans into one loan, so students will only be responsible for making one monthly payment instead of several monthly payments each month.Direct Consolidation Loans Help Students Lower Interest Rates on Their Existing Student LoansStudents with high interest federal loans can take advantage of lower interest rates by applying for a Direct Consolidation Student Loan. In most cases, students who apply for Direct consolidation loans will find that they can consolidate their existing federal loans down to a lower interest rate.Students Who Apply for a Direct Consolidation Loan Receive Extra Forbearance and Deferment TimeOne of the main benefits of applying for a Direct consolidation student loan is that students who no longer have any forbearance or deferment time left on their existing federal loans will be entitled to new deferment and forbearance time simply by applying for a Direct consolidation student loan.Direct Consolidation Loans Help Students Prevent DefaultStudents who apply for a Direct Consolidation loan can prevent defaulting on their existing federal loans. This is especially true for students who have no other repayment options and can't make their monthly payments. With a Direct student consolidation loan, students and graduates start over with a fresh and brand new loan and repayment terms.Students who are struggling to pay their federal loans, are out of forbearance of deferment time or are interested in lowering their interest rates should consider the benefits of applying for a Direct Student Consolidation loan today.
