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Is there a way to sign over a parent loan to the student so that the parent and student loans can be consolidated?
Wiki User
∙ 16y ago
No.
Wiki User
∙ 16y ago
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How can student loan debt be consolidated?
Student loans can be consolidated after graduation or dropping out of school by filing with the government to consolidate all federal student loans. Remember that non-federal loans cannot be consolidated.
Can you consolidate three separate consolidated student loans at different institutions into one student loan?
depends on where the loans are from.
What companies offer a consolidated student loan?
Many different companies offer consolidated student loans. Some examples of these companies include Loan Approval Direct, Next Student, and DebtConsolidation.
Where can one get in the UK consolidated student loans?
Student loans cannot be consolidated in the UK as the repayments are deducted in a different way to that of a 'normal' loan. Repayments on a student loan would be deducted from one's wages once employed and earning a certain salary.
What do the letters UNCNS mean regarding student loans?
It means that your loan is UNSubsidized Consolidated
Where would one consolidate student loans?
Almost all federal student loans can be consolidated under the Direct Consolidation Loan program. They offer multiple repayment plans and fixed interest rates. Private student loans that do not qualify for consolidation under the Direct Consolidation Loan can be consolidated through separate programs such as NextStudent, Student Loan Network, and Wells Fargo.
What is the process to consolidate your student loans?
Consolidating student loans involves dealing with the company or source that provided the loan in the first place. All of the loans will be gathered up and configured into a consolidated loan, which a person then must accept or decline.
What is the purpose of direct loan?
A direct loan is a student loan that is made to the student directly by the federal government, which then subsidizes the interest on the loan while the student is in school. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
Are direct loans a smart choice?
A direct loan is a student loan that is made to the student directly by the federal government. There is no secondary lender in the middle of the transaction. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
How can I find out more about private student loan consolidation?
When you are receiving a private student loan, it cannot be consolidated with federal student loans so you would need to take that into consideration. Here is a website to find out more about private student loan consolidation. http://www.finaid.org/loans/privateconsolidation.phtml
Can a parent get a student loan for a child if the parent files bankruptcy?
Probably not. What the loan is for isn't the issue. His record of repaying loans is.
Can a parent loan be signed over to a student?
In the US, unfortunately the answer is no. A parent PLUS loan must stay with the parent. If you cosigned on a loan for your child and the loan is federally guaranteed, then you can get your name off of the loan by having your child consolidate the loans. If you need help with the consolidation of the student loans, click on the link at the bottom of this text box.
