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Do you apply for student loans one year at a time or can you apply for all four years of college?
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∙ 17y ago
You must complete a FAFSA application the first of every year.
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∙ 17y ago
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How can you pay for college?
One way is to apply for student loans. You can also apply for scholerships. Another idea is to first go to a comunity college for a couple of years and work after school to save money, then when you have a good amount of money you can find a college.
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.
Can I quit my job and concentrate totally on school for the last two years of my college degree if I can add my price of housing into my loans and be a full time student?
If your a full time student, you can apply for a maintenance loan and a tuition loan, you can also apply for a grant which you dont have to pay back.
Are federal student loans the best option for financing college?
Extremely often, federal student loans provide you with the best interest rates and terms. So, if that is what you are looking for, a federal student loan is the way to go. Good luck with your college years!
Can you apply for federal student loans if you are already in school?
Yes, even though you are attending college already you can still apply for federal student loans. You may not get them for the current year. But you probably will. It will just be late. If you want to apply for the student loan for the next year, the time to apply is now. The best time to apply in order to get the most financial is in march 2004. for the 2004 and 2005 school year. Even though you may not qualify for grants you can still qualify for Perkins loans and low interest loans. If you have any more questions you can go to the federal financial aid web site. Federal Student Loans are given by the government to the needy students to help them complete their education. These loans have various benefits. The interest rates on these loans are wavered or paid by the government during the schooling period. After the schooling years too, there is a deferment for a period of six to nine months. Federal student loans are the best loans available for the student with minimum interest rate, lots of repayment option & student can delay payment till employed.
Where did Barack Obama get the money to attend Harvard?
He worked for five years after graduating from college; he also received grants and student loans.
Student loans and bankrupsy.can they be discharged?
Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.
How long do you pay for college after 21?
It typically does not depend on age. However, most students will spend 10 years paying back student loans. Undergraduate students will normally begin paying back student loans 6 months after they graduate.
Applying For Student Loans?
A student has many options when he or she is applying for loans. It is truly amazing for a student to consider his or her options, when it comes to the world of student loans. A student can apply for loans in a variety of places, if he or she needs access to money. There are so many places to apply for loans, that a student is pretty much guaranteed he or she can pay for college in one way or another. This article will discuss all of the different places that a person can apply for student loans, so that he or she can attend school. First off, a student can apply for student loans through the government. Applying for loans through the government is a very popular option for many students. Many students take out their loans for all three or four years of schooling simply through the government. The government is a great aid for those students that truly need aid from the government. It is truly a great idea for students to seek help from the government, when they need it. It is also a good idea for a student to apply for loans from the government as soon as possible. The sooner that a person applies for loans from the government, the sooner that he or she can figure out one's financial situation. It is truly wise for a person to figure out his or her financial situation before starting college, since college can be a very stressful environment. Many people find that college can be stressful, when it comes to taking exams and being in such a crowded atmosphere. A person may be able to apply for loans in a variety of other places. One of the other places that a person can apply for loans is through different banks. Banks offer a great opportunity for any person that wants to apply for loans. When a person applies for loans through banks, the interest rates through these sorts of loans may be less than those loans that are available through the government. It is a good idea for a person to apply for loans through banks, if he or she may also need additional funds available through a school year. All too often, people face all sorts of unexpected expenses in an academic year, and they are expenses which go beyond what a government loan will cover. This is the sort of situation in which a person will usually need money from a bank.
Do you still have to repay your student loan if you are unable to get employed?
In the US, you are still on the hook for the repayment of the loans, but you can apply for an unemployment deferment from your lender. With the deferment you can stop paying on your loans for up to 3 years. The interest on the unsubsidized stafford loans still accrues though.
Is it actually compulsory for every college and university student to get summer jobs?
No. If you have student loans, however, then it will pay you to find a permanent part-time job during college. You will then have less to pay off. That's how I got rid of all my student loans only a year after I had to start paying them back. Sure it sucks when you fall asleep in early morning chemistry class when you just got off the graveyard shift at 7am, but most of my friends who didn't do that are still paying off their student loans years after leaving college. It also looks really good in an interview if they see that you worked during college.
Can you apply for a federal college loan if you defaulted on a prior loan 20 years ago and it was discharged in bankruptcy court?
You can apply, but you probably won't get it. Student loans don't have a time limit. That is, it's for life. Discharge in bankrupcy court just means that you don't have to pay it back. That doesn't mean that they will give you a new one.
