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Can you get a new student loan if you have an old student loan in deferment?
Wiki User
∙ 9y ago
Yes. You are eligible for Federal Financial Aid as long as your existing loans are current (in repayment or on deferment) than you may borrower more federal loans. There is a limit on how much you can borrower each year though. Apply for financial aid at FAFSA.ED.GOV
Wiki User
∙ 9y ago
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How old do you have to be to get a student loan?
To sign for it yourself you must be 18.
Can a 17 year old get a student loan without a cosigner?
Not possible as the applicant is a minor.
What is refinancing an existing loan?
Obtaining a new loan to pay off an old loan using the funds from the new loan. Any time you take old money owed and pay it off with new money owed you have refinanced.
What does it mean to refinance a mortgage or loan?
To refinance a mortgage or loan means to replace an existing loan with another loan. The new loan usually has better terms, such as a lower interest rate. The new loan is used to pay off the old loan, and one makes payments under the new terms.
What is the legal age to apply for a student loan?
The age requirements for private loans and federal loans differ. Many private lenders require that a student be at least 18 years old to apply for a student loan. However, this is not a legal requirement. The minimum age to apply for federal aid is 16.
What is the statute of limitations on a twenty year old student loan?
There is no statute of limitations for a Federally backed student loan.
Can SSI be garnished for a 18 year old student loan?
No.
How old do you have to be to get a student loan?
To sign for it yourself you must be 18.
Should interest rates rise considering student loan consolidation?
When a student consolidates loans, the new rate is usually determined by taking a weighted average of the old loans. For example, when a student with two loans, an $8,000 loan at 5% and a $2,000 loan at 10%, consolidates, the rate for the new loan would be a weighted average of the old loans (0.8 x 5%) + (0.2 x 10%) = 4% + 2% = 6%. So the new loan would be $10,000 at 6%. In many cases, the student may not save a lot of money by consolidating, but it may be easier to make one payment each month and have only one loan to pay off. It depends on each individual's situation and goals for life after college.
Can a twenty nine year old person get a student loan?
yes
Does taking out a student loan one year and then another a couple of years later without signing a second promisary note result in a new loan or an addition to the old loan on the credit report?
It will appear as an additional loan on yoru credit report, even if issued under the same MPN as a previous loan.
Can a 17 year old get a student loan without a cosigner?
Not possible as the applicant is a minor.
Can a transfer student apply for a loan to attend a new school and use some of that loan to pay for something last semester at his old school?
For federal loans that require a FASFA, NO. For private loans, ask the private lender.
What is refinancing an existing loan?
Obtaining a new loan to pay off an old loan using the funds from the new loan. Any time you take old money owed and pay it off with new money owed you have refinanced.
Husband didn't work for years, I supported him a son for years. Now there is a student loan out in my name.Husband only pd. his student loan.My student loan is 25 yrs.old and was for $10,000-today I STILL OWE $11,000-WILL THE JUDGE MAKE HIM PAY IT ?
If the loan is 25 years old and you have a low enough income, you may qualify for loan forgiveness under a new federal program that began in July. Go to IBRinfo.org If this is your student loan, as your question suggests, then paying for it is your responsibility, whether or not you believe he should pay for it. It's important to note too that student loans do not go away, they are protected from bankruptcy so the more quickly you pay it off the better off you will be.
Can an 18 year old with a full time job get financing from a dealership to buy a new car?
Yes you can get a loan from dealer. If you are a student then there are student car loan available for you. See the link in the related link for more informationDepends on your credit history and what the lender is willing to provide.Ans :Sure You can buy a car.
What does it mean to refinance a mortgage or loan?
To refinance a mortgage or loan means to replace an existing loan with another loan. The new loan usually has better terms, such as a lower interest rate. The new loan is used to pay off the old loan, and one makes payments under the new terms.
