Federal student loans are given to eligible students for postsecondary education (college, vocational or professional schools) These loans do not have to be repaid until after graduation, have lower, fixed rates, and generous prepayment plans as opposed to loans from private sources.
In some instances, a parent can get out of a student loan if they are unable to work. You can visit the Federal Student Aid website for information about discharge of debt.
There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.
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.
Yes.
Donald Conner has written: 'Federal student loan programs data book, FY 94-96' -- subject(s): Federal Direct Student Loan Program (U.S.), Federal Family Education Loan Program, Government policy, Student aid, Student loan funds
Yes, felons can be eligible for federal student loans. However, individuals convicted of drug-related offenses may face limitations and restrictions on their eligibility for federal aid. It's recommended to complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility.
Go to student loan area--financial assistance--at the school where you are applying.
yes
The Free Application for Federal Student Aid
You can go to the Department of Education web site and research the information you are requesting
You can still receive a federal loan. Complete your FAFSA.
Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.