Once you leave school, you will receive a 6 month grace period that allows you to find a job and get settled. Then your monthly payments will start. Your student loan lender will notify you of the payment amount and where to send payment. You have the option of consolidating your loans when you leave school and locking in the lower grace period interest rate. You can find more information about consolidation of student loans at www.defaultms.com/consolidation.html
No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.
yes
Direct Stafford loan right for apex learning
Yes, you need to pay back federal Stafford loans.
What you do with a loan is irrelevant. You always have to pay it back.
Failing to pay back a loan is called defaulting on the loan.
This will depend on the specific federal student loan you have. Stafford loans have a grace period of six months while Perkin loans have a grace period of nine months.
The Graduate Stafford student loan is the best available option for students to finance their education and future. Mainly these loans are of two type 1) Subsidized Graduate Stafford Loan 2) Unsubsidized Graduate Stafford Loan 1)- Subsidized Graduate Stafford Loan These loans are dependable on the financial needs of the applicant. The government is responsible to pay off the interest and you are not required to pay off it during the periods of deferment or until your repayment period starts. 2) Unsubsidized Graduate Stafford Loan These loans are dependable on the financial needs of the applicant. The students are charged with the interest through out the period of the loan. The interest is charged from the time of the enrollment of the student to the periods of deferment until the student repays the loan
Direct Subsidized Stafford Loan
No.
It is probably a good idea to pay back any loan. A loan, by definition, is something being furnished on condition of being returned. If you don't pay it back, it is not a loan. It is stealing.
Sure.