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Do you still have to pay back student loans if the school is no longer in business?
Wiki User
∙ 12y ago
Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.
Wiki User
∙ 12y ago
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Can you be forgiven of student loans if your school closes?
No, your student loans will not be forgiven because your school closes.
What is the purpose of direct loan?
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.
What company provides direct student loans?
There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.
Do student loans go to the student or the school?
The school receives the check and disperses it to you.
Does Wells Fargo offer student loans?
Yes, Wells Fargo offers student loans. You can compare rates of their student loans as well as other similar business student loan rates on their website.
What are alternative student loans?
Alternative student loans are federally guaranteed student loan programs used to help college students pay for their education. The program allows students to borrow money with interest and subsidized loans allow them to defer payment until they are no longer in school. http://en.wikipedia.org/wiki/Student_loan
I owe about 7000 in student loans which I am paying on can I go back to school and get more student loans?
Yes, you can take out additional loans as long as you are not in Default on the current loans.
How can you get assistance from your school to pay off debt from student loans?
There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.
Are private student loans more financially advantageous than student loans through the government?
Student loans through the government are better than private loans due to the fact that the government does not have as high of interest on the loans, and you get a longer time to pay them back.
What are the best citibank student loans?
As of December 29th, 2012 Citibank no longer accpets applications for any student loans. There are options for student loans through Discover which can cover up to 100% of education costs.
Are direct loans a smart choice?
A direct loan is a student loan that is made to the student directly by the federal government. There is no secondary lender in the middle of the transaction. 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.
What are the differences between direct and indirect student loans?
The difference between direct and indirect student loans are direct loans come to you in your name to deposit and use for school. Indirect loans go stright to the school and are used just for tuition.
