The best bet to pay off your private education loan is to consolidate. That will help pay it off faster. Also if your credit is better than when you took the loan out you should be able to lower the rate on it thus making it easier and faster to pay off.
If it was drawn up as a "simple interest loan" you can pay it off in full at any time.
A direct consolidation loan is made when a person has multiple loans (from education, College, University,) to pay off, so combines it in to a single loan that is then made to the U.S. Department of Education.
Your son can receive the same great education in a public school setting. Private schools can be a waste of money.
No, a loan can not be used as a down payment.
It will depend on the original terms of the loan. But you need a lawyer to advise you regarding your options.
I think that a student should get that same amount of wages as regular electician would get unless the company wants to lose an employee.
If you've decided that you would like to go back to school online, but are unsure about how to finance this venture, you should consider taking out student loans. Student loans allow you to take out money now in order to pay for your education, then pay it back later.There are three main types of student loans: subsidized loans, unsubsidized loans, and private loans. Subsidized and unsubsidized loans are provided via the US government, whereas private loans are offered by private lenders. Generally, subsidized loans have the best interest rates, unsubsidized lie in the middle, and private loans have the highest interest rate. Subsidized and unsubsidized loans have a cap each semester, but private loans allow you to take out up to all of your cost of attendance.As you can see, there are several things to take into consideration when applying for a loan or deciding which loan is right for you. In order to be considered for a subsidized or unsubsidized loan, you must fill out a FAFSA. A FAFSA is a form published by the US department of education. It stands for "Federal Application For Student Aid". The FAFSA is used to qualify you for grants, scholarships, and loan money by the government as well as your education institution.If you qualify for government loans, it is usually to your advantage to take these loans out over a private loan. However, if for some reason you don't qualify for government loans, or the government loans are not enough to cover your cost of attendance, you should then consider taking out a private educational loan.The majority of students must finance their education with a loan at some point during their college career. You should not feel embarrassed about needing a loan to finance your education, it is the norm. Don't let needing to take out a loan dissuade you from pursuing an online education. Getting an education is well worth the investment of taking out an educational loan. Having an education, as well as the job opportunities it opens up to you, will really pay off in the long run.
Actually, there several benefits of having a bimonthly mortgage payment. One of the benefits is for example the faster pay-off of the loan. Another benefit would be less total payments for the loan - mainly because of less interest payments due to the faster pay-off.
If you co-signed a loan, you are fully and equally responsible for repaying it until such time as it is fully paid off or forgiven.
Yes, it depends on how much you put down for a down payment, and how much you are making payments. The faster you pay off your loan, the less interest you will owe.
You can only write off post secondary school expenses that are contributed directly to education expenses.
The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.