0
What else can I help you with?
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.
When do you have to start paying back your federal unsubsidized student loan?
You must start paying back your federal unsubsidized student loan six months after you graduate, leave school, or drop below half-time enrollment. During this grace period, interest accrues on the loan, and you are responsible for paying it even if you defer your payments. It's important to be prepared for repayment to avoid potential financial difficulties.
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 if your wages are attached for federal student default your loan is almost paid off would you qualify for another federal loan?
If your wages are attached due to federal student loan default, it can significantly impact your eligibility for additional federal loans. Generally, you must resolve the default status—typically by paying the amount owed, entering a repayment plan, or consolidating the loan—before you can qualify for new federal student loans. Even if your existing loan is almost paid off, addressing the default is essential to regain eligibility for future federal aid.
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.
