i actually worked for sallie Mae as a student loan consultant. It depends on the type of loan that you are looking for. they all vary from loan to loan.
Normally you need a source of income to get a credit card. Some credit issuers, though, will issue a credit card to a college student based on his parents' credit record; this is done with the parents' permission, usually with the condition that the parents are responsible for any delinquent balances. (This helps the student establish a credit rating, with the risk of the student demolishing the parents' rating.)
In the US, no your eligibility for student loans is not dependant on credit or income.
Usually, one will need to provide one's bank details, evidence of income and proof of address. The application may be subject to a credit scoring check.
If you are a student and you are seeking to get a credit card, you may need to check with your bank for more information. If you have an account, steady income and can pay your bills on time, you may be qualified.
Fill out the FAFSA form at your Financial aid office at your college. It is not based on income or credit.
Up to 25% of your disposable income. Disposable income is gross - taxes.
Sallie Mae student loans offer good interest rates for students but as with any loan you should plan on repaying the loan in the shortest period possible. You need to carefully consider the amount you need to borrow as well as the percentage of your future income that will be devoted to the repayment of the loan. Begin repaying your loan as soon as possible, Sallie Mae offers several repayment programs, each with a different cost to you.
It will if the primary borrower does not keep the terms of the agreement. It will also affect the person's credit score such as the income-to-debt-to- credit ratio.
No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.
Yes, as long as there is enough income to support the payment. If you as a student do not have any income, the other person will have to prove the income to support the new mortgage payment, any loans (car,/student loans), credit cards in both names and the taxes & hazard insurance.
All income (or revenue) maintains a credit balance. Therefore Interest Income will maintain a credit balance and therefore is a credit.
Credit bureaus don't usually keep that information. You provide it to prospective creditors when you apply for a loan or credit card.