When you apply for a student loan you go through the college financial aid office. They will have you fill out a federal student aid form. The form is really centered on income and less on credit. If you are still living at home and supported by your parents they will be required to fill out an income section and attach tax forms. If you are older and living on your own you are considered independent and will answer the income and tax questions yourself. The result of this is a number that is generated and the college will use that number and subtracting the cost of attending the college come up with the amount of your student loan. In this process nothing is said about a credit report. If you want there is a web site you can go to by the federal student loan office and they have an online form.
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.
what is a student loan grant?
Federal student loans are typically eligible for student loan forgiveness programs, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. Private student loans are generally not eligible for these forgiveness programs.
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.
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.
Yes, there is usually a student loan payment calculator for most students loans. Some student loan payment calculators can be accessed through the internet.
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.
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Yes, if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans.
To determine the type of student loan you have, you can check with your loan servicer or review your loan documents. Common types of student loans include federal loans (such as Direct Subsidized or Unsubsidized Loans) and private loans. Each type has different terms and conditions, so it's important to know which one you have.
Direct loan servicing is available for student loans. The following website provides additional information: yesiamcheap.com/2011/03/hate-direct-student-loan-servicing/
Not sure of average individual student loan, but the average student with student loans has $28,000.