Yes, some grants can be used for that.
Students must pay the loan. As for how, the best way to start off is to get a job or any form of service that will help you pay it off. It's best to know what you can and can't pay so that you will be ready to pay off the student loan.
what type of grant would help to pay off a mortgage of about $35,000 loan for senioir citizens?
No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.
If it is a loan, you have to pay it back. If it's a grant or scholorship, you don't. Doesn't matter who you got the loan through.
Loan Calculators You can use this student loan payoff calculator to estimate how long it will take to pay off your student loans. Use this tool to determine how quickly you'll pay off your student loans. By making a higher monthly payment, you can shorten the length of your loan.
Cosigning means you will pay any amounts the borrower does not pay, so if your son has paid the loan off, it is done.
If it was drawn up as a "simple interest loan" you can pay it off in full at any time.
It is not possible to apply for a student loan refinance as for federal loans, which is usually what a student applies for, there are only two methods to pay off the loan, one pays as they earn the amount, or you pay through your income.
Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.
A grant is money that you do not have to pay back to an institution, while a loan is expected to be paid off in certain terms.
If you want to pay off your student loans quickly, you should consider getting a job with have the benefit of loan forgiveness. These are usually public sector jobs. You should also pay a percentage of every pay check towards your loan.
To pay off a student loan the best way to do so, is to do what you are able to do without getting into financial trouble. If you are making good enough money and have a small enough loan, then yes, it would be a good idea to pay it off all at once if you can still live comfortably after doing so. If this isn't possible, then pay off as much as you can each month.