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The process through which one defers student loans depends greatly on the type of loan (or loans) that they wish to defer.
For private loans, one must contact the lender to determine what qualifications are necessary to allow deferment.
For government loans, there are also specific qualifications that must be met, however, each government loan has different qualifications.
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∙ 13y ago
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What happens when you can not pay your student loan and have a civil action taken against you?
I am assuming at this point you are in default on your student loans? I suggest you call your student loan servicer and try to get your loan in a forebearence due to economic hardship. Another option is to call the William D. Ford Company and see if they can assist you in consolidating your loans, which would take them out of default and then defer payments until you are able to pay on them.
What kind of agency is The Student Loan People?
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.
Could you stay in school forever and have your student loans perpetually deferred?
No yes generally speaking 6 cr hours would allow you to do such the problem lies that your progression merits 'need' you can defer when your not in school but interest will kill you
How can I get direct student loans?
Go to banks and they can show how to get direct student loans. Also consider searching the web for direct student loans, and ask trusted friends, colleagues, and family members about this direct student loans. good luck.
Personal loans should have a lower interest rate than student loans.?
Personal loans should have a lower interest rate than student loans.
Do you have to be a full time student in order to defer your student loans?
You can defer your student loan payments while in school. Typically student loan payments are not deferred due to employment status.
How many hours do you have to take each quarter to defer student loans?
In school deferments are given if a student is in school Half-Time or more.
Can I have my student loans forgiven if I am still accumulating more by continuing my education?
There are cases in which you can defer your student loans. To see if you will qualify you can start here for more information: http://www2.ed.gov/offices/OSFAP/DCS/perkins.deferment.cancellation.html
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
What are the benefits of getting federal student loans over student loans from a private financial institution?
The main benefit of getting a federal student loan over a private loan is flexibility. If you re-enter school, or become unemployed, you can defer your payments until you re-enter the workforce.
Must you take 6 credit hours to defer your student loans for med school?
In-School deferment requirements state you have to be attending at least half-time.
How many credits must you take to defer student loans?
For colleges and universities that operate on a semester system, you must carry at least six credits (typically two courses) to be deferred from a guaranteed student loan.
What is a feature of most student loans?
They are backed by the US Government is a big one. They also tend to have a lower interest rate than conventional loans. Another factor is the ability to extend or defer payment, something that is often not available with a normal loan.
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
What happens when you can not pay your student loan and have a civil action taken against you?
I am assuming at this point you are in default on your student loans? I suggest you call your student loan servicer and try to get your loan in a forebearence due to economic hardship. Another option is to call the William D. Ford Company and see if they can assist you in consolidating your loans, which would take them out of default and then defer payments until you are able to pay on them.
Deferment of us student loans while studing at a foreign university?
In my experience, it has not been possible to defer while getting my Ph.D. abroad. Also, forbearance can run out while you are studying abroad. Beware!
Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
