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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.
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What is the best federal student loan program?
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.
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.
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 does a private student loan have to be paid back?
This depends on the type of loan that you took out. Most federal student loans ask that you start making payments after you graduate.
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.
Do you have to pay your federal loan back before returning to college?
No.
Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?
Yes.
I had a federal student loan that went into default. They took my taxes each year and they are now paid off. I was wondering If I would be able to go back to school and get another student loan?
I'm pretty sure if you have defaulted on a previous student loan, you cannot get a federal student loan again. maybe you could get a private student loan, but the rate you'd get would suck cause your credit probably sucks after defaulting on that other loan...sorry.
What has the author Donald Conner written?
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
How do you obtain a federal student loan?
Go to student loan area--financial assistance--at the school where you are applying.
Looking for a student loan and how to apply.?
To find a student loan, start by researching federal loans through the Free Application for Federal Student Aid (FAFSA) website. This will determine your eligibility for federal loans, grants, and work-study programs. Additionally, you can explore private loan options from banks and credit unions. Before applying, gather relevant documents such as your Social Security number, tax information, and school details. Complete the application process online or in-person, and carefully review terms and interest rates before accepting a loan.
Do you still have to pay back student loans if the school is no longer in business?
Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.
