0
difficult question. if you join the peace corp or something you may be able to get them waived completely. Usually you just pay back the minimum monthly amount and it is paid off when it is paid off. You may be eligible for a defferment, usually 12 month blocks of time up to 36 months total. Remember the interest is tax deductable so it may make sense to only pay the minimum so it takes a long time to pay it back-meaning you will be paying back less to due inflation.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
Who should get a debt consolidation loan?
Federal Student Loan Consolidation Program means combine all loan into a single pay. :Loan consolidation is the best for the student who not able to pay your fees. If any student want to continue their study and they want to take admission in top college for higher education but good college take high fee. But some time all student unable to pay your college fee then they take student loan. But after completion of education they are facing problem with pay your student loan then they require loan forgiveness or consolidation. Federal student loan consolidation is the best option to pay your all loan into single pay
What is a loan payment interest calculator used for?
There are many uses for a loan payment interest calculator. I used them to calculate how long it will take to pay off my loan whether it is for a car, house, or even student loan.
What is the purpose of a student loan calculator?
A student loan calculator's purpose is to estimate the size of your monthly payments when you get a student loan. It will also help you find out how much you will end up paying in interest and how long it will take to completely repay the loan.
Can social security take your check if you are a co-signer on a student loan?
If you are on social security you should not be cosigning on a student loan. You would be guaranteeing that if the student doesn't pay off the loan you will. The federal government can garnish your social security benefits to recover student loan payments.
Can the state take your federal student loan money?
The state should not usually be able to take your federal student loan money. However, there might be some particular details that will cause them to take it.
Will the IRS take your taxes for unpaid student loan?
The government can offset refunds by what it is owed...(the money would go to the student loan program).
How do I take out a government loan?
If you want to take out a government loan for education, you need to go through student aid. Most colleges have student aid that will help their students get started. You can also go to the loan lender independently.
If you take out a student loan or get a federal loan for school can child support take that money or some of that money?
nosee link
Can your student loan take your federal tax refund?
YES
How long does it take to pay back student loans?
Loan Calculators You can use this student loan payoff calculator to estimate how long it will take to pay off your student loans. Use this tool to determine how quickly you'll pay off your student loans. By making a higher monthly payment, you can shorten the length of your loan.
What is the amount the Albrights can take as a student loan interest deduction?
2500
Can a cosignor take the interest paid on a student loan as a tax deduction?
no
