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Can you get a Perkins and a Stafford loan?
Yes it's possible.
Can a 19yr.old undergrad receive a loan without a cosigner?
A stafford or perkins loan, yes, IF you qualify through the FAFSA.
Can you convert private student loans to Stafford Loan Program Federally Insured Student Loan Perkins Loan Auxiliary Loans to Assist Students Supplemental Loans to Students William D. Ford?
No. Why would the government want to insure or subsidize a private loan?
Can you get a Perkins loan if you have maxed out on a federal Stafford or direct loan?
it depends on your school. Not all schools are part of perkins loan program. Ask, your financial aid office at your school to find out if they participate in the Perkins loan program. If they do, then you're eligible to receive up to $4000 every school year if you meet all the required criteria.
What is a Perkins loan and what is a Stafford loan?
A Perkins loan is a federal student loan program that provides low-interest loans to undergraduate and graduate students who demonstrate exceptional financial need. It is administered by colleges and universities, and the loan is made with government funds. On the other hand, a Stafford loan is another type of federal student loan program that offers loans to undergraduate and graduate students. Stafford loans have fixed interest rates and can be subsidized (based on financial need) or unsubsidized (not based on financial need). They are also administered by colleges and universities.
Are there any student loans that are not credit based besides Stafford loans?
The only other loan that is not credit based is the federal perkins loan that you apply for when you apply for FASFA.
What government loans are available for students?
There are actually many government loans that are available for students. These include the Stafford Loan and the Perkins Loan, both for students in exceptional financial need.
What does not have to be paid back Afederal Stafford loans Bfederal pell grant Cfederal perkins loan?
Loans have to be repaid and grants do not, so the Pell Grant would not have to be repaid.
Best student loans?
The best student loans to get are government student loans.Of the government loans, the best one is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it.The next best loan is a Federal Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan.Finally, the Federal Unsubsidized Stafford Loan is available to all students, regardless of financial need.
What does DLSTFD loans mean?
Direct Subsidized Stafford Loan
Can you get a stafford loan and another loan at once?
Sure.
What is the difference between a Perkins and a Stafford loan?
Stafford Loans are Title IV Federal debt. They are the most common student financial aid loans-they are GSL's (Guaranteed Student Loans) that are backed up by a federal guarantor. Default will lead to severe penalties and you are subject to Administrative Wage withholding (no judgment needed) and having state & Federal tax interception- SSI & SSID are subject to garnishments as well. They are non dischargeable through bankruptcy. There are many government programs to assist if default occurs. Perkins loans are Federal but are actually backed up by the University. They are granted when additional financial Aid is needed and they are low interest compared to Stafford. There are similar default penalties however they will not garnish paychecks or take Federal taxes. Defaulting on a Perkins Loan: If your Perkins loan has defaulted, the only option you might have (aside for paying the loan in full) is consolidating the loan with another federal loan. This will most likely increase the interest rate on your Perkins loan. When you submit a request for consolidation, you must specify that it is an add-on loan, and your lender is the school that you borrowed from. Government programs such as a 9-month rehabilitation program will not work for this loan, so as you continue making payments to a collection agency, the loan will remain in default and will not be updated on your credit report as being in good standing, until paid in full or consolidated as an add-on.
