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The amount of Direct Stafford Loans that you may borrow depends on?
Wiki User
∙ 13y ago
The amount you receive depends on all of the following factors: your academic level, the length of your program of study, your status as a dependent or an independent student, and the receipt of other financial aid.
Wiki User
∙ 13y ago
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How much can you borrow Stafford loan?
It depends on your year in school, your cost of attendance, and other financial aid you have.
If you borrow an Loan you are responsible for interest that accrues while you are in school?
In the US, you only accrue interest on the unsubsidized stafford loans that you receive, the subsidized stafford loans do not accrue interest while in school.
How much will the payment in the month for a new motorcycle?
Depends on the amount you borrow, length of the loan, and interest rate. $205.00 a month is not unusual.
What does 43 turn into when you borrow from it and turn it into a mixed number?
Depends on how much you borrow from it.
Federal Direct Stafford Loans?
For many students looking to attend a post-secondary institution, the mountainous costs of attendance and tuition can seem to be insurmountable obstacles; however, due to federal and state loan programs, students can borrow easy, affordable money. One such program initiated by William D. Ford called the Direct Stafford Loan was created for the sole purpose of providing students with affordable, low-interest loans to facilitate attendance to an institution of higher education. Direct Stafford Loans can be either subsidized or unsubsidized. Direct Subsidized Loans are primarily for students with a need for financial assistance, which the school reviews by looking at the Free Application for Federal Student Aid (FAFSA). Subsidized loans do no accumulate interest while in school, and there is a generous grace and deferment periods after leaving or graduating from school. Direct Unsubsidized Loans, on the other hand, are not given in conjunction with financial need, and interest accrues during school and periods of grace, deferment, and forbearance. Students can choose to pay off this interest during school, or allow it be capitalizedor added to the total loan amountwhich will increase the total amount needed to be paid. To apply for Direct Stafford Loans, students must complete the FAFSA, which can be found online at www.fafsa.ed.gov, as soon as possible. Schools will then look at a student's eligibility on an individual basis. Although Stafford Loans are issued by the U.S. Department of Education, not all institutions accept them. For dependent undergraduate students, the maximum amount that can be borrowed from the Stafford Loan Program for four years is $31,000; for independent students, this number is raised to $57,500. Graduate students may borrow a total of $138,500. For undergraduate students borrowing between July 2011 and June 2012, the interest rates are fixed at 3.4%, compared to 6.8% for graduate students. Rising debt for graduates has risen drastically, leaving many people unable to repay these loans. Although students should make sure they need a loan before accepting it, Direct Stafford Loans are much more affordable than other outside, private loans, and should be chosen as a first option if loans are a necessity for paying for college.
Stafford Loan Application?
Stafford Loans are generally considered to be the most common form of college financial aid that aspiring students will receive from year to year. In the most simplistic terms, if an aspiring college student completes the FAFSA, the FAFSA actually acts as the Stafford Loan application, which means a student is virtually guaranteed to receive one of the two types of Stafford Loans. From year to year, the loan amount that will be available to students through the Stafford Loan is preset. For instance, in the years of 2009-2010, dependent students were allowed to borrow five thousand five hundred dollars if student was freshman, six thousand five hundred dollars if student was sophomore and both juniors and seniors were allowed to borrow seven thousand five hundred during those years. However, it should be noted that independent students are allowed to borrow more from year to year. For instance, in those same years, independent freshmen could borrow nearly ten thousand dollars, sophomores could borrow just over ten thousand and juniors and seniors could borrow over eleven thousand. For the Stafford Loan application, there are well defined questions to determine the dependency of a student so that proper loan amounts can be offered. This is especially so when a student goes through filling out their FAFSA documents. However, it should be noted that if you are older than twenty-three years of age, you will automatically be considered independent on your Stafford Loan application. When applying for one of these loans, whether through FAFSA filing or straight Stafford Loan filing, it is important to know that there are subsidized and unsubsidized Stafford Loans. Of course, the type of loan that will be given to a student will be decided by the Department of Education. Subsidized Stafford Loans will have no interest and no payments while a student is in college while unsubsidized loans will accumulate interest while the student is in school. The FAFSA application information that a student submits will be the deciding factor in what kind of loan they are offered. Subsidized and unsubsidized Stafford Loans differ in interest rates. As of July first, 2011, the interest rate for subsidized Stafford Loans was 3.4% and 4.5% the year before. For unsubsidized Stafford Loans, the interest rate is always 6.8%.
What it cost to borrow money?
nothing you borrow it and you pay it back in a certin amount of time in smaller amounts
How much more can US borrow?
endless amount
Does the spanish word blazer have an accent?
No, it doesn't. 'Blazer' is a direct borrow from English.
How much interest does Cash Net USA charge?
The interest that Cash Net charges depends on the amount of the loan (how much you borrow, i.e., $100 vs $1000) and the duration of the loan (for how long you borrow, i.e., 1 week vs 1 month).
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
How can I get an Stafford loan?
You will need to fill out the FAFSA to see if you qualify. You may do this by going to fafsa.gov. However, in order to apply for the Stafford Loan, I suggest you go to the Financial Aid office (or whatever they may call it) at your school. For example, I had to go to the Financial Aid Office at my school and fill out a paper with my name, student I.D., SSN, amount of money I wish to borrow, and more. Every school is different so contact their office to make sure.
