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Answered 2010-02-20 08:27:18

You can defer your student loan payments while in school. Typically student loan payments are not deferred due to employment status.

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In my experience, it has not been possible to defer while getting my Ph.D. abroad. Also, forbearance can run out while you are studying abroad. Beware!


In the US, subsidized stafford student loans refer to loans that do not accrue interest while a student is in deferment. One example of a deferment period is when the student is enrolled in school.


No you can not consolidate your student loans. You must pay them and finish them thoroughly and completely. I'm sure that after your done with them it will be totally worth while.


Yes, student loans are for expenses while in college. Rent, room and board and transportation expenses are part of the expense of going to college.


If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.


IF his student loans accumulated before the marriage, no you will not have to pay for them. However, if it is something that he did while you were married the court may see it as him provding for the two of you and you may be responsible for a share. I would contact an attorney and discuss when the student loans came to be and what you can do to get out of paying.


the deferment period is the period when the borrower makes no payments and the loan accrues no interest



A direct loan is a student loan that is made to the student directly by the federal government, which then subsidizes the interest on the loan while the student is in school. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.


Sallie Mae is in the business of student loans while Fannie Mae is in the business of home loans.


Yes, you can get an in-school deferment on your undergrad loans if you go back for masters.


I believe that student loans are a category of debt that is not dischargable in bankruptcy. The bankruptcy will show up on any credit reports, and you may subsequently be unable to et additional loans. I filed for bankrupcy in 1998. I was able to obtain Student Loans despite the bankruptcy in 1999-2000. My past credit history was not considered when determining my student loan application.


In-school deferments have no limit on the length of use, nor do they have a limit on how many times one can use an in-school deferment. Your servicer may not get this information so make sure you call them to check your repayment status as they may have to send you a form.


Student loans are guaranteed by the federal government for students who have "need." Need is determined by FAFSA, Free Application for Federal Student Aid, which you can complete at www.fafsa.ed.gov A subsidized student loan is one for which the interest is paid for by the federal government while the student is in school and through the grace period. Read about federally subsidized student loans here: https://studentloans.gov/myDirectLoan/index.action


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


No, you do not have to make payments on Sallie Mae student loans while enrolled in a qualified program. Depending on the type of loan you take out you will have payments deferred either six or nine months. It is important to remember that any unsubsidized loans will capitalize even though you are not required to make payments while enrolled.


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.


This will depend on the specific federal student loan you have. Stafford loans have a grace period of six months while Perkin loans have a grace period of nine months.


If you are living in the US, then the answer is no if the loans are in default. You will not be eligible for another Federal student loan until the loans are rehabilitated for 12 months or consolidated. If you need help with consolidation of your defaulted loans, please click on the link at the bottom of this text box. In some other countries, student loans can be awarded as long as you fill the requirements (i.e. are a student at an approved institution and have a minimum of courses). You can simply keep adding to the loans and pay them off later when you finish studying, or while paying them off.


Great Lakes keeps individuals up-to-date with information about their student loans. Great Lakes also monitors the location and enrollment status while individuals are in school. Great Lakes provides assistance to individuals paying back student loans. Payments can even be made through the website or by automatic withdrawal.


Many college students are in debt due to student loans. Student loans are specifically provided to pay for ones education. Most college students find it hard to work while in school as well.


OK, I cannot agree. I have about $39,000 in student loans and before I was in repayment period my loans showed up on my credit report but showed deferred status with a date. I have now graduated and I still have a six month grace period. Your student loans are still factored into your overall credit score and they affect your credit score negatively only if they are not paid on time.AnswerNOT MUCH, AS LONG AS YOU PAY YOUR STUDENT LOANS ON-TIME AFTER YOUR GRACE PERIOD (WHILE ATTENDING COLLEGE) THEN YOU SHOULD BE FINE. If you're still a student, student loans do not show up on a credit report at all. They only appear after you have graduated, withdrawn, dropped-out, etc. and the repayment starts.11/01/2010 I will have to disagree with the above answer. Student loans show up on your credit report before you graduate-how do I know this?-Well because I am a student with loans and those loans have showed up on my credit report under "deferred"-they have actually helped my credit score, BUT they will HURT it if and ONLY IF, when it is time to repay I default. I agree with the 1st answer and not the 2nd. Maybe times have changed since the 2nd person answered this question or even has knowledge of the credit score system in conjunction with student loans. These are government backed up student loans that I am referring to, NOT bank student loans.


Since the cost of college has increased so much, paying for it has proven to be difficult without the help of student loans. While federal student loans are available, many people may not qualify for enough financing to meet their needs. To help meet all of their financing needs, most people could benefit by taking out private loans. While these loans may be more expensive, there are some ways to save money on these loans. The most effective way to save money on these loans would be to shop around. Shopping around with different banks will allow you to find the best rates possible.


Many students are unable to afford college without a student loan of some sort. Student loans are necessary for a good majority of students that attend school. For the student that wants to attend college but does not have the financial means possible, student loans can open up a world of opportunity. If a student wants to know how to find some great student loans for college, then there are all sorts of resources he or she can consult. First off, a person will want to look for loans for college that have a good interest rate. It is a good idea for a student to apply for loans through the government. One of the smartest choices that a person can make is to apply for loans through the government. The government can truly be a great aid and rescue to any person that is applying for student loans. The government is here to help as many students go to school as possible. A student should never underestimate the government as a resource for disbursing student loans. The majority of students with loans receive all of their loans directly from the government. A student will likely pay for all of his or her tuition with loans from the government. Some people do not like this, while others do not really care. A student truly needs to be careful that he or she does not take out too many loans for college. Taking out too many loans for college can truly be risky for any student. When a student takes out too many loans for college, then he or she can end up in a tremendous amount of debt. A student may never be able to repay all of the loans that he or she takes out. It is never a good idea for a person to take on more debt than he or she can handle. If a person can not handle all of the debt that he or she faces, then this can be a very stressful situation. A person may end up having to declare bankruptcy as a result of having so much debt. It really is stressful for people.


Sadly, yes. What a way to start your life though. Adding that to your resume is not a great idea. Student loans are not usually discharged in bankruptcy. While in bankruptcy, collection efforts will cease until the bankruptcy becomes inactive.



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