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Federal Loans and Mortgages

There are many types of federal lending programs and government sponsored enterprise. Some of them include Federal Family Education Loan Program and Freddie Mac. Most have been established by Congress and are backed by Federal Reserve Banks.

500 Questions

Can a felon get federal student loan?

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Asked by Wiki User

Yes, felons can be eligible for federal student loans. However, individuals convicted of drug-related offenses may face limitations and restrictions on their eligibility for federal aid. It's recommended to complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility.

Will a person lose his Federal Student Loans for a possession of marijuana charge?

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Asked by Wiki User

Possibly. A possession of marijuana charge can impact a person's eligibility for federal student loans if they are convicted of a drug-related offense while receiving federal aid. It is important to check with the financial aid office for specific guidance on this matter.

Can you get a Federal Stafford Loan with a drug misdemeanor?

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Asked by Wiki User

Yes, borrowers with a drug-related misdemeanor conviction can still qualify for Federal Stafford Loans. However, eligibility may be suspended for a period of time depending on the offense, and completion of an approved drug rehabilitation program may be required for regaining eligibility.

What happens to federal parent plus loans when the parent dies?

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Asked by Wiki User

If the parent who obtained a Federal Parent PLUS loan passes away, the loan is typically discharged and the remaining balance is forgiven. The student borrower would not be responsible for repaying the loan in this situation.

Are federal student loans forgiven at age 65?

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Asked by Wiki User

Federal student loans are not automatically forgiven at age 65. However, for certain federal student loan programs and repayment plans, any remaining balance on the loan may be forgiven after a certain number of years of qualifying payments or through programs like Public Service Loan Forgiveness. It's important to check the specific terms of your loan and consult with your loan servicer or a financial advisor for more information.

Can Fannie Mae garnish disability social security checks?

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Asked by Wiki User

Fannie Mae, or any creditor, cannot garnish Social Security Disability benefits to pay off debts. These benefits are protected by federal law from garnishment for most debts.

Can you be denied a Federal loan based on age?

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Asked by Wiki User

No, federal loans do not have age restrictions, so you cannot be denied a federal loan based solely on your age. Eligibility for federal student loans is based on factors such as financial need and enrollment in an eligible program.

Do felony convictions qualify for federal student loans?

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Asked by Wiki User

No, individuals with felony convictions for drug-related offenses are ineligible for federal student aid. Other felony convictions do not automatically disqualify individuals from receiving federal student loans, but a prior drug offense may impact eligibility. Individuals should consult with their financial aid office for more specific guidance.

Did Fannie Lou hammer ever had kids?

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Asked by Wiki User

Yes, Fannie Lou Hamer had two daughters with her husband, Perry "Pap" Hamer. She also raised two boys whom she considered her own.

How many children does mrs fannie w Fitzgerald have?

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Asked by Wiki User

Congresswoman Fannie Lou Hamer did not have any biological children of her own, but she considered the many children she helped through her activism as her own.

What bank took over Columbia Federal Savings and Loan in Washington DC?

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Asked by Palham15

Columbia Federal was founded as the Columbia Building Association in 1907, and became Columbia Federal in 1939. Upon merging with First Federal Savings and Loan of Washington in March 1981, the association’s name changed to Columbia First Federal Savings and Loan. After a charter change in 1989, the name was changed again to Columbia First Bank, a Federal Savings Bank. The bank was acquired by First Union National Bank on November 3, 1995. First Union later changed its name to Wachovia after acquiring Wachovia Bank, NA, and was ultimately acquired by Wells Fargo in 2011.

Do federal Stafford loans have to be paid back?

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Asked by Wiki User

Yes, you need to pay back federal Stafford loans.

Where can someone go to learn more about consolidation of federal and private student loans?

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Asked by Wiki User

Someone looking for information on consolidation of Federal and Private student loans should contact the Government for more information.Government phone listing are listed in the blue pages of the phone book, or you may be able to get more information on the Governments web page.