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Is a private student loan more expensive than a federally funded loan?
Wiki User
∙ 12y ago
Federal loans are cheaper and have fixed interest rates. meaning that the rate will never change. However private student loans have variable interest rates which means that they can change. Private student loans has interest rate of about 12% (double that of a federal loan)
Wiki User
∙ 12y ago
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How can one apply for a student loan in the US?
You can apply online for a student loan in the United States by visiting the FinAid website. This company offers private student loans that are not federally funded.
What is the statute of limitations for student loans in New Jersey?
If it is a federally funded loan there is no SOL. The only way you can be relieved of federally funded student loans is to be physically or mentally challenged to the point where you are assessed to never have enough income for repayment. If it is a loan to a private institution (bank, credit union, etc.) and a contract was signed by the borrower then it is considered to be "under seal" and the SOL is 16 years from the date of the last transaction.
Could the US government take the proceeds from the sale of you home if you have a judgment against you because of a student loan and you filed bankruptcy?
Yes. Federally funded student loans are not dischargeable in bankruptcy.
Do private schools have better scholarship opportunities?
There are less scholarship opportunities for private schools. Private schools are more expensive and scholarships dont always cover the entire costs of the schools. Since private schools are not fully funded as public schools they will only offer a scholarship to the best and brightest student. If you are that student then you will be way above the others so the answer is yes they do.
Are all baptist churches federally funded?
I suppose it depends on where you are, but generally speaking, churches in the U.S. are not federally funded. Baptist churches, and I think all churches, are funded by tithes and gifts from their respective members.
Is NASA privately owned?
NASA likes to say they are federally funded and as far as they will go. but the truth is, they are a privately held federally funded company. They are not a federal agency.
How can you include a student loan in a bankruptcy if only your husband works and you care for your kids and one is disabled?
If the loan is federally funded it is not dischargeable in bankruptcy. In rare cases federally funded student loans can be forgiven (cancelled) if the student debtor qualifies as a "hardship case". Usually this applies to a person who is disabled to the extent that they would never be gainfully employed nor have the ability to repay the loan. Contact the lending institution that handled the loan agreement to find out if you might qualify.
When can IRS garnish your tax refund?
An IRS refund can be seized for child support arrearages and/or tax arrearages. And in some cases for repayment of federally funded student loans.
What agency provides for the repair of federally funded roads?
The dot
What is the difference between a federally funded highway and a non-federally funded highway?
The difference is who paid for it. There are federal highways and state highways and county roads. There are some different requirements, but they construction is the same.
Are there any federally funded tutoring services?
Mar 23, 2006 ... Only about one-fifth of the poor children who are eligible to receive free, federally-funded tutoring from private vendors in the county are www.gazette.net/stories/032306/princou172658_31940.shtml - There are a number of tutoring services that get their funding from the federal government. Most of these programs are conducted through the public schools.
What agency provides aid for the repair of federally funded roads?
The dot
