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Many banking institutions now offer student loans at rates that are competitive to former federal loan programs. Two banks that come to mind are Discover Bank, and Chase Bank. Both have programs that offer loans to college students. These programs need not be repaid while the student is still attending school, and the funds are paid directly to the college.
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Who can apply for a private student loan?
Any person can apply for a private student loan at any time during the school year. Request for private student loans can be found and filled out online.
Where could someone go to look for private student loan consolidations?
To look for private student loan consolidations, on can go to the Student Aid website. The website has information about student loans, including how and where to consolidate them.
Can you apply for a private student loan before you apply for a grant?
Yes, but you should find out how much Grant money and Federal student loan money you are eligible for before applying for Private student loans. Grants are free and Federal student loans are cheap. Private student loans are very expensive. Avoid them if you can.
When do you have to pay back a private student loan?
Since private student loans are given by various private companies, the time available to pay them back is going to vary by the company holding the loan as well as the amount borrowed and other terms within the contract of the loan.
Can you convert private student loans to Stafford Loan Program Federally Insured Student Loan Perkins Loan Auxiliary Loans to Assist Students Supplemental Loans to Students William D. Ford?
No. Why would the government want to insure or subsidize a private loan?
What are the qualifications for a private student loan?
A private student loan is like any other private loan. Each private lender will determine what qualifications they require the student to meet before they will lend out their money. Some lenders will want some form of collateral and others will base their decision solely on the student's ability to repay the loan.
What is a creditworthy cosigner for a private student loan?
a secured loan
Who can apply for a private student loan?
Any person can apply for a private student loan at any time during the school year. Request for private student loans can be found and filled out online.
How can I find out more about private student loan consolidation?
When you are receiving a private student loan, it cannot be consolidated with federal student loans so you would need to take that into consideration. Here is a website to find out more about private student loan consolidation. http://www.finaid.org/loans/privateconsolidation.phtml
Where could someone go to look for private student loan consolidations?
To look for private student loan consolidations, on can go to the Student Aid website. The website has information about student loans, including how and where to consolidate them.
Can the borrower of a private student loan change the cosigner during the term of a loan or must she refinance to do that?
AnswerThe short answer is no, you can never change cosigner on a private student loan. If they die, however, it is transferred to you.
Where can I find information about student loan rates?
Student loan rates vary by the type of student loan, but can be either fixed or variable rate. Most federal student loans are fixed at 6.8% Private student loan rates are typically higher.
Where can you get a private student loan that is not based on tuition?
there are a couple of credit based companies that will give a private student loan to creditworthy student and a co-borrower such as a parent if necessary. You can use the loan for tuition, books, transportation, housing, and any other related expenses that you'd have as a student.
Can you file bankruptcy for your student loans and keep your house out of it?
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.
If you default on a private student loan through a private lender not associated with your school or financial aid office are you still eligible for a federal student loan through your school?
Yes you are.
where can I get a private student loan?
Private student loans are credit-based, non-federal student loans that can help you cover any school expenses you have remaining when scholarships, grants, and federal student loans arenat enough.
Can wage be garnish in MA for private student loan?
Yes, they can.
