When you apply for a loan you will be asked about any other loans you may have. This question will appear on your loan application. It is an offence leagaly to lie on a loan application. However if you are desprate for money and need two loans you could probably get away with it, in USA however Id be slower to chance it as there is credit rateing ect which will probably have it tracked.
Student loans are exempt from discharge because too many others had the same idea.
In the USA, all Federally Guaranteed student loans have the same interest rate and same benefits. It does not matter if you get the loans from a private bank or directly from the government. Private student loans differ in interest rate and benefits for each bank. Federal Student loans have lower interest rates and better benefits than private student loans.
yes and no
Yes, you can have as many loans at as many banks as will give you credit. "Student Loans" are simply loans that have an additional requirement that you attend school while the payment portion is deferred. Of course you will have a tough to impossible time getting a second bank to give you a loan because they would want to understand why you did not go back to the original student loan bank.
Same way you get loans for all other educational expenses. You do actually need to be a stuident.
OP here with more details: the private student loans they are cosigned on are current/paid on time, but other private student loans (with the same lender) are about to default. Can this in any way cause problems for my cosigner?
You can get information on loans and grants for college by speaking to the financial aid department of the college you are planning to attend. The government also offers financial aid and grant information. A lot of banks also offer private student loans. These are not regulated the same way as government backed student loans.
YES! It is the same, i say this because the appeal of doing either one of those are going to be the same "paying your student loan." Refinancing student loans will take advantage of a better interest rate and consolidating your loans 'lumps' all of them into one. Instead of having several loans with different bills, in consolidation you only have one bill. When you consolidate student loan you are refinancing it but you can refinance without consolidating.
The best student loans to get are government student loans.Of the government loans, the best one is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it.The next best loan is a Federal Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan.Finally, the Federal Unsubsidized Stafford Loan is available to all students, regardless of financial need.
Student loans have historically had some of the lowest interest rates in the country. It is usually cheaper to borrow money for college than for any other purpose, including buying a house. The interest rates charged on student loans vary by the type of loan, whether or not the student is in school, and whether the student is a graduate or undergraduate student. The interest rates also change from time to time.Stafford LoansStafford loans usually have the lowest interest rate of all student loans. The interest rate charge on all Stafford loans changes on July 1 of each year. The rate is based off of the yield of the one-year constant Treasury Bill for the week that ended on or near June 26 of the same year. The interest rate for Subsidized Stafford Loans is usually slightly less than that for Unsubsidized Stafford Loans. There is no difference between the in-school and repayment interest rates. The current interest rate for Stafford loans is 6.80 percent.PLUS LoansThe interest rate for all PLUS loans is always higher than that of Subsidized Stafford Loans. It usually runs about one percentage point higher. The rate also changes on July 1 every year and is calculated on the same basis as that of Stafford Loans. There is no difference between the in-school and repayment interest rates.Perkins LoansPerkins Loans currently have an interest rate of five percent. This rate rarely changes. Sometimes it is higher than that charged by Stafford loans, and sometimes it is less. Interest is not charged while the borrower remains in school, so the rate applies to the repayment period only.Private LoansUnlike federal student loans, the interest rates charged on private student loans are not regulated by law. The interest rate on these loans can range anywhere from two percent to fifteen percent. Each bank sets its own rate or rates. The interest rate charged on any particular loan often depends on the borrower's credit rating. Some banks charge a different interest while the student is in school and some do not.
If you have low-income, the government will lend you the money to go to school. The same goes with bad credit.
One can usually get student loans after bankruptcy so long as they meet the other eligibility requirements for those loans. Public policy mandates that a "well-educated" society is a "better" society, so for that reason student loans are protected from bankruptcy so lenders will freely give student loans without fear of being filed on. And, since student loans are excepted from discharge in bankruptcy, they're not generally too skittish about someone who has filed before. I have had several clients ask me that same question, and I tell them what I said above and I ask them to let me know if they ever do have a problem getting a student loan due to bankruptcy. So far, no one has ever called me saying the bankruptcy caused them any problems in getting student loans... for what it's worth. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person. that is not necessarily true. i filed bankruptcy and have had a steady job and even paid off a car loan that was applied for after the bankruptcy and I still cant get student loans. When you file for bankruptcy, you're still eligible for government loans, but not for private loans. These are the two basic types of loans. You should be able to qualify for government loans because these loans are based on need rather than credit
There are some differences in student loan consolidation programs but most work the same way. The program combines different loans to lock in a small interest rate.
A fixed rate loan, like the Federal Unsubsidized Stafford Loan, are loans whose interest rate stays the same during the entire duration of the loan and during the time of payment.
Sure. Texas has pretty much the same laws as other states when it comes to debts.
Depending on what country a person lives in, there are many different companies that offer same day cash loans. For same day cash loans in Canada, Money Mart and Instaloans are just two companies that offer same day cash loans.
The interest rate on federally guaranteed student loans are set by the government and change on July 1 of each year. Every lender must offer this same set interest rate. Rates are going down this July 1, so it is a good time to take out new loans. There is no need to shop around at different lenders for Stafford loans, since the rates are all the same. Beware of private student loans, the interest rate is always higher and benefits are always lower.
Many loan companies offer same day loans though at a higher interest rate than normal. Most same day loans are in the form of a cash advance with a paycheck as collateral.
Same day loans are like cash advance loans or payday loans. The best place to get one would be at a Rent A Center or Rent To Own. They all have the same interest rates.
A lot has been said about obtaining grants and student loans to pay for college tuition. One factor that is often overlooked is the private education loan. These loans are not as favorable as other options but for a student that has run out of viable options they can be a life saver. When a student first decides to enroll in college it is important that they fill out the Federal Application For Student Aid. This form, popularly called the FAFSA, is essential to establishing the need of a student for federal grants and loans. Many students do not qualify for grants because it is money the government simply gives away in order to further the ability of the underprivileged to obtain an education. There are fewer still that do not qualify for a government subsidized loan. These loans are offered at no interest and must be paid back once the student leaves school. So what option is left to those that qualify for none of these forms of assistance? Private loans. A private education loan is offered by a bank or other financial institution with the understanding that it will be repaid after graduation. These loans do not have the best rates on the market but may be the only option for students whose parents make too much money but do not support their pursuit of a higher education. Banks often lower their credit score requirements for student loans knowing that these customers are far more likely to hold jobs in the future that will allow them to pay back the loan. It is typical that no payments are required on these loans until six months after graduation. That said, every student should know that interest still accrues on these loans while in school. Not qualifying for government aid is no reason for a student to not attend college. While private loans do not carry the same favorable interest rates, they still provide a means for a person to invest in their own future. It is far better to go in to debt to better one's self than to wallow in poverty and wonder what could have been.
I would look at different banks. Most banks have around the same loans. I have a loan through PNC and I think it is a great rate and price.
1 Safavid dynasty :) and if you are a history student looking for the easy way out then OPEN YOUR BOOK!!!!
Inter-corporate loans are loans between related corporations within the same affiliated group of companies.
At this time, there are no alternative programs that operate in the same way as Payday Express loans. A more conventional alternative would be to open a credit line ( a.k.a. a credit card ) and only use in the case of an emergency.
Always pay off the higher interest loan first, then take whatever payments that you WERE making on that loan and add it to the NEXT higher interest loan and continue the process.