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How is a student loan calculator different from a regular loan calculator?
The student loan calculators shows the repayment amount and the salary needed to afford the repayment. Traditional loan calculators only show the repayment amount and schedule.
What is the federal Perkins loan?
The federal perkins loan is a student loan offered by the U.S. Department of Education to help American students with their college financing. Those that use the federal perkins loan, will have a 5% interest rate that can be paid over ten years.
What is an immediate repayment loan?
l,l
Business loan repayment acknowledgement?
Yes
What is something given to guarantee repayment of a loan?
collateral
Perkins Student Loan?
The Federal Perkins Student Loan, better known as simply the Perkins loan, is a low-interest student loan for individuals determined to have "exceptional" financial needs. The Perkins loans are serviced by the U.S. Department of Education. The Perkins loan may be used to cover educational expenses related to undergraduate and graduate education at an American college or university. The loan program was established in 1965 and is named after the former U.S. House of Representative, Carl D. Perkins. The Perkins loan is one of the student loans available with the best conditions offered.Eligibility for a Perkins LoanIn order to be eligible to receive a Perkins loan, a borrower must be a U.S. citizen, permanent resident, or eligible non-citizen. In addition, the borrower must be enrolled in an eligible institution at least half-time in a degree program, must have satisfactory academic progress, and must have no unresolved overpayments or defaults owed on Title IV education grants and loans. In addition, the borrower must show "exceptional" financial need. Advantages and Disadvantages of a Perkins LoanThere are several advantages to borrowing a Perkins loan. Perkins loans have a fixed interest rate of 5% during the ten year repayment period. In addition, Perkins loans, as a form of subsidized loan, do not accrue in interest while the borrower is in school. Perkins loans also provide a nine month grace period and do not have any related loan fees. Loan cancellation is provided for teachers who serve in low income schools or teach math, science, or bilingual education as well as for volunteers with the Peace Corps. The only real downsides to the Perkins loan are that the interest rate may not be as low as the lowest possible private loan interest rate and that Perkins loans do not offer "repayment incentives" that some private loans do. However, those who are eligible for Perkins loans will likely not have the financial credit score necessary to obtain a low interest private loan. Thus, if a borrower is able to obtain a Perkins loan, it is probably the best available financing option.
What is the repayment period of a foreign loan called?
repayment period of foreign loan
How is a student loan calculator different from a regular loan calculator?
The student loan calculators shows the repayment amount and the salary needed to afford the repayment. Traditional loan calculators only show the repayment amount and schedule.
Can you convert a stafford loan to a perkins loan?
No.
Where can you find the Aussie Home Loan repayment calculator?
Any of your Australia lenders will be able to lead you to the Aussie Home Loan repayment calculator.
What is an immediate repayment loan?
l,l
Business loan repayment acknowledgement?
Yes
What is the federal Perkins loan?
The federal perkins loan is a student loan offered by the U.S. Department of Education to help American students with their college financing. Those that use the federal perkins loan, will have a 5% interest rate that can be paid over ten years.
What is a low-interest loan to students with very high financial need?
perkins
If a minor who is not emancipated gets a school loan who is responsible for repayment?
Someone under the age of 18 can legally sign the promissory note for a federal Stafford or Perkins loan and be fully responsible for repayment. Not being 18 will not get them off the hook, per 20 U.S.C. § 1091a(b). Any private consumer contract is not valid unless signed by a person of legal age of majority , which is 18 in most states.
What is something given to guarantee repayment of a loan?
collateral
What is the security for the repayment of a secured loan called?
Collateral.
