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What else can I help you with?
Do scholarships have to be paid back?
grants are free and do not have to be paid back loans have to be paid back, with interest added to the original amount
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.
Who can I talk to about helping me with school loans?
http://www.youcandealwithit.com/ is a site for people facing the same struggles that you are. On the site you can find some tips on how to pay back your loans. I also suggest that you simply pay a little bit more of the loans back than they ask you to (if you are supposed to pay back 500 dollars a month, try to pay back just a little bit more) these small additions to the amount of money that you have paid back will add up over time and make it so you won't be paying back loans for as long.
What are some drawbacks of same day loans?
Interest rates. Same day loans are small, short-term loans that are meant to be paid back the next day. Interest rates can be as up to 400%, and you may soon find yourself in significantly more debt than what you were loaned, so avoid these if at all possible unless you have no choice.
Is college considered a financial investment?
Yes, college is a financial investment. Typically, it brings a lot of student loans, so you will not see the investment until after the loans are paid off.
Can you receive a student loan for off campus housing that does not have to be paid back until you are out of school?
Yes you can use private student loans for anything but be sure and pay your school expenses first! Federal loans normally don't cover all of your education expenses so it will be harder to use those!
Can you spend your student loans after your tuition and stuff is paid for?
You could but you should return the money so not to get big dept.
What is the standard grace period for college students after graduation before they must start to pay loans back to the federal government?
Many standard loans have a six month period during which you can get settled and organise your finances before repayments begin. This is not the case for all loans though, so it is important you check your individual agreement.
Are congressman's children exempt from paying back student loans?
I think if the children of members of congress want to dabble in arts and crafts they should do so with materials at hand like the rest of us do. The idea that they should even get loans to do collage is ridiculous.
To whom is the federal debt owed to?
The Federal Government owes 790 billion to the Federal Reserve Bank. The Federal Reserve Bank is Privately owned. See the question See the YouTube Link below. Federal means government--so the debt will be paid to them. It will just depend on which area of the government--student loans, IRS etc.
What can student loans be used for?
Student loans can be used for tuition, books, fees, food, housing and expenses while in an accredited or approved educational program. It is a loan, so it does have to be paid back. It would be pointless to spend money on luxury items and consumer goods. A stereo is not a required item, while a computer may be.
Do people actually require financial aid to pay for school?
Yes, there are a great deal of people who require financial aid to assist in paying for their higher education. They can do so by applying for grants and other assistance that do not require them to pay it back or by using student loans that have to be paid back.
