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If the Federal Govt Incarcerated a person and that person had a student loan in deferment should this loan remain in deferment until his release?
IbnHarrison
In the US, that person can stay in unemployment deferment for up to 3 years.
Wiki User
∙ 14y ago
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Can you still get federal student loans if you have defaulted on other student loans that are now deferred?
If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.
Can you get a new student loan if you have an old student loan in deferment?
Yes. You are eligible for Federal Financial Aid as long as your existing loans are current (in repayment or on deferment) than you may borrower more federal loans. There is a limit on how much you can borrower each year though. Apply for financial aid at FAFSA.ED.GOV
How long after graduation are you expected to start paying back federal student loans?
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.
What is a unsubsidized federal loan?
It is a Federally Guaranteed student loan that accrues interest from the day you receive it until the day you pay it off, even during deferment periods. A Federal Stafford Subsidized loan does not accrue interest during deferment periods, including while in school.
When can one apply for a student loan deferment?
Deferment is difficult to achieve when it comes to student loans. Many companies will allow a deferment if the client is enrolled in school or any other program that is part of their education.
Do you have to pay back your student loan if you have served a federal prison senternce?
Yes ! Being incarcerated does not absolve you of debt !
What is a Federal Unsubsidized Stafford Loan?
It is a Federally Guaranteed student loan that accrues interest from the day you receive it until the day you pay it off, even during deferment periods. A Federal Stafford Subsidized loan does not accrue interest during deferment periods, including while in school.
How many student loan deferments can you get?
Economic Hardship deferment and Unemployment deferment get 3 years each. Military deferment and School Deferment are unlimited. There are several types of deferment so it depends on the one you qualify for.
Can you sill get a student loan if your in deferment on another student loan?
Yes.
How does a student loan forbearance affect your credit score?
A loan in forbearance permits a student to temporarily postpone their federal student loan payments. Or, the forbearance temporarily reduces the amount the student pays. Your students loans may show up on your credit report while in repayment status or out of deferment.
Where can one obtain student loan deferment forms?
First, check in with the loan provider. They usually can shed some light if one just asks about deferment. There is a list of situations in which one can apply for deferment on the Student Aid government site.
How did Bill Clinton avoid going to Vietnam?
He had a student deferment.
