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FAFSA has five types of federal loans available; most have income requirements, but not all. The loans that have income requirements are the Federal Perkins Loan and Subsidized Stafford Loans. The loans that do not have income requirements are PLUS loans (parents, or graduate and professional student), unsubsidized Stafford Loans, and consolidation loans. If a student is a dependent of their parents, the parents income will count towards meeting income requirements. Loans that are not income dependent do require good credit. http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp
Instant loans are usually secured by you giving them your checking account. They usually only pay around 200 dollars at the most, depending on your weekly income.
you can claim interest on business loans as a deduction in most cases. Just need to specify what the loan is for and whether there is a direct link between the loan and earning business income.
Most financial aid comes in the form of loans. Very few outright grants exist. If you have a special case, a grant is possible but you will probably need to use loans.
No, you do not pay income taxes on student loans because they are debt. You do however need to look into Grants as the laws are different for free money. You do not pay taxes on a LOAN, because it has to be paid back, so it is not income.
In most cases NO. However, student loans, child support and taxes payments aren't exempted from granishment.
There are plenty of types of student loans that are available to those looking to go to school to better their life. The most common type of student loans are loans that are borrowed from the government itself. These type of loans come in two varieties, subsidized and unsubsidized. These loans types are important to consider in that they have different meanings for how they must be paid back. The subsidized ones are given to those who are from lower income families. On these loans, the interest is paid by the government. On the unsubsidized ones, the individual must pay the interest on the loan that they are borrowing.
Interest rates on consumer loans typically average higher than on most other types of bank loans due to the increased risk associated with lending to individual borrowers. Consumer loans often involve unsecured credit, meaning they are not backed by collateral, making them riskier for lenders. Additionally, consumers may have varying credit profiles and financial histories, resulting in a higher likelihood of default compared to secured loans, such as mortgages or auto loans. This elevated risk is reflected in the higher interest rates charged to consumers.
Revenue of states comes from income taxes from people and businesses in their area. It also comes from materials that are being exported to other states where they generate an amount of revenue as well.
If you still owe back taxes, child support or student loans (all non-dischargeable in most cases), they will get it. Otherwise, you'll probably get it.
The Dept. of Ed. guideline is 15% of your wages, but I have seen it go as high as 25%. If you need help getting out of default and getting the garnishment lifted, a company called Default Management Services, Inc. can help you. Google the company name to get the phone #. Ask for Doug, he is knowledgeable.
No auto loans are not usually considered guarantor loans but you can request one when you get the loan and it is possible to get one. Most of the time they are just regular loans.