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How long after graduation are you expected to start paying back federal student loans?
Wiki User
∙ 12y ago
you have six months after you graduate in which your loans stay in deferment. You can continue to ask for deferment after that period if you can't make payments, but you will be charged interest.
Wiki User
∙ 12y ago
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Where can one find assistance on paying back a federal student loan?
There are many places one might go to find assistance on paying back a federal student loan. Some employment programs offer assistance as part of job bonuses.
Are there student loans with a grace period of 6 months after graduation to begin paying them back?
Yes, I know all Federal Student Loans start repayment 6 months after graduation.
Where should I go to get a fast student loan?
If you need help paying for college or graduate school, Student Loans.com can help you find the student loans you need to cover your total cost of attendance. Whether you need federal or private student loans, we provide the knowledge and resources necessary to research and apply for a student loan.
What percentage of the US federal budget is spent on interest?
9%. Everyone could enjoy about a 10% tax reduction simply by paying down the federal debt, which now stands at about 40% of GDP, but is expected to exceed 60% within 10 years.
What can federal student loans be used for?
Federal student loans can be used to pay for college tuition, and if you have any funds left over after paying your tuition, you can use those funds to pay for other school-related expenses, such as textbooks, rent, school supplies, child-care, etc. http://Studentaid.ed.gov will provide the best answer to this question.
Can you apply for student loans if you have defaulted on your previous student loans?
If you are living in the US, then the answer is no if the loans are in default. You will not be eligible for another Federal student loan until the loans are rehabilitated for 12 months or consolidated. If you need help with consolidation of your defaulted loans, please click on the link at the bottom of this text box. In some other countries, student loans can be awarded as long as you fill the requirements (i.e. are a student at an approved institution and have a minimum of courses). You can simply keep adding to the loans and pay them off later when you finish studying, or while paying them off.
If you apply for a federal loan and ARE approved if you dont need it for paying for classes or books will you be mailed a check for te rest of the money?
All federal loans are sent directly to the school. If money is not owed, the school can issue a check to you for the credit on your student account.
Do you have to pay taxes on your federal student loan?
No, fed student loans are not income. Unless I'm forgetting something, you get to deduct the interest paid on the loan as you're paying it off. They should send out a 1098 to report that when applicable. That's the only tax implication...
How can you eliminate the interest and penalties on your student loan?
The penalties by paying on time. The interest by paying it off.
Approximately what percentage of federal spending now goes to pay the interest on the public debt?
9%; Everyone could enjoy about a 10% tax reduction simply by paying down the federal debt, which now stands at about 40% of GDP, but is expected to exceed 60% within 10 years.
How can I speed up paying off my student loans?
You can speed up paying off student loans by paying as much as you can every month or whenever. The quicker you pay it off the better. It's never good to delay the payments.
Is paying rent tax deductible?
No, not for Federal taxes.
