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Stafford Loans have a fixed interest rate of 6.8% or less and as long as you are in school, at least part time, you don't have to make payments. Depending on your financial need, the interest may be subsidized by the government.
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∙ 12y ago
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What types of student loans are there?
There are many different types of student loans. Almost anyone can qualify. Most universities have loans through them, in which case you should check with the school's financial aid office. These loans are great because you do not pay for them until you graduate. Some banks will also offer loans for students.
What are the differences between federal student loans and private?
Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org
How can you get assistance from your school to pay off debt from student loans?
There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.
What can federal student loans be used for?
Federal student loans can be used to pay for college tuition, and if you have any funds left over after paying your tuition, you can use those funds to pay for other school-related expenses, such as textbooks, rent, school supplies, child-care, etc. http://Studentaid.ed.gov will provide the best answer to this question.
Do you have to pay back grant money for school?
No, you pay back loans not grants. There are grants and student loans online which allows you to pay them back until you are earning a certain wage. Foreign students though sometimes don't get any financial support.
Graduate Stafford Loans?
If you are attending graduate school, you are probably wondering how you will manage to pay for your education. Graduate school can be expensive, but you can reduce the costs by assisting professors teach undergraduate courses and by taking loans such as Stafford loans. A Stafford loan graduate can reduce the amount of overall money that he or she owes because Graduate Stafford loans offer students lower interest rates than other educational loans that are available.
What other options do I have to getting my graduate degree funded?
http://www.studentgrants.org/masters/ is a useful site for you to check out. This will show you the available loans for students going to Graduate school. Many loans are seemingly expensive, but this is because people who go to Graduate school tend to make more money and are able to pay back these expensive loans.
What types of student loans are there?
There are many different types of student loans. Almost anyone can qualify. Most universities have loans through them, in which case you should check with the school's financial aid office. These loans are great because you do not pay for them until you graduate. Some banks will also offer loans for students.
What are the differences between federal student loans and private?
Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org
What is meant by graduate student loans?
Basically they are loans that have a lower interest rate and they also give you a higher annual loan limit that you are not required to pay them back until after you complete grad school.
If you start paying your student loans 6 months after graduation but then decide to get more loans to attend graduate school will the original loans be deferred until you graduate?
You will need to contact your loan provider and apply for deferment. You can have loan payments postponed only if you are enrolled in school full-time or two classes. If you take one class at a time, they will make you continue to pay monthly on your student loans.
What exactly is a school loan?
A school loan is money provided to you because you are a student, and you have to pay it back because it is a loan. Most student loans do not require you to begin payments back until your graduate.
Pros and Cons of Grad School Loans?
If you were not able to secure a fellowship or grant to cover the total cost of your graduate school, consider applying for grad school loans. Grad school loans may not be your first choice of how to pay for your education beyond your bachelor's degree, but they constitute one option that can help fill in gaps in your tuition and living expenses during your grad school years.AdvantagesOne of the advantages to grad school loans is being able to not put off going to graduate school. Some undergraduate students feel that if they wait too long after they receive their bachelor's degrees, they will not ever go to graduate school. Grad school loans make it possible for them to attend graduate school right away. Grad school loans also enable students to pay bills their other financial aid does not cover. If a student had poor grades as an undergraduate student or was not able to get a fellowship or grant for some other reason, grad school loans make it possible for them to earn their master's degrees or Ph.D.s.DisadvantagesGrad school loans also come with some important drawbacks. They are not grants. They must be repaid with interest. As of January 2012, the federal Direct PLUS loan, for which some graduate students are eligible, has an interest rate of 7.9 percent. Private loan rates are typically higher than federal loan rates. Think about your expected earning power when you graduate, the current job market, and the feasibility of repaying your loans within the time period set forth by lenders before you sign any loan promissory note.Where to LookWhen you look for grad school loans, start by first filling out the Free Application for Federal Student Aid, which is available online. The results of this application will tell you whether you are eligible for any federal graduate school grants or loans. The federal government has a few loans available to graduate students and their parents. The amount you may be eligible for in loans depends on your household income, the cost of attendance at the school you wish to attend and other factors. Borrow only as much as is absolutely necessary to attend graduate school.
Where can I find grants to pay for graduate school?
You could try getting a scholarship from your local newspaper or ask you teachers about it. There are loans you could get from you parents or close family members.
What is the best way to pay off loans and get out of debt?
The best way to pay off loans (such as college and school oans) in order to get out of debt, would be to set up a monthly payment plan, and then set aside that much each month.
What is the average pay for a high school dropout high school graduate and college graduate?
about 10$ a hour
Where can I find information on applying for a federal student loan?
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the most common and one of the lowest-cost ways to pay for school.
