Student Loans and Financial Aid
What if you hit the lottery and owe students loans will take it out of your winnings?
If you win the the lottery but owe student loans will they take it from your winnings?
Asked in Custody, Child Support
If your brother wins the lottery and buy you things can they take it if you are paying child support?
At what age do they not take tax's from lottery winnings?
Asked in Child Support, Lotteries
If your brother wins the lottery and buys you expensive things can the child support office do anything about it?
Asked in Children and the Law, Child Support
If your brother wins the lottery and buys everything for you can the child support office make you give your things up?
Asked in Custody, Child Support
If your brother wins the lottery and buys you things can the child support order order you to sell it or give it up?
Asked in Taxes and Tax Preparation, Income Taxes
How much taxes are taken out on lottery winnings in North Carolina?
Asked in Email and IM
What should you do if lottery mail is to your email?
Remember, to enter a lottery you take the initiative to enter it. If you did not take the initiative, usually by buying a ticket, you have not entered it. Also, you do not have to send money in order to get your winnings in real lotteries. If they ask for money in order for you to receive winnings, it is a scam. So, delete the email.
Asked in Property Taxes
If you win the the lottery but owe property taxes not due until 2010 will they take it out of your winnings?
If you win the lottery but owe back taxes to the IRS will they take them from your winnings?
You do know what is going to take place when you owe back taxes, penalties and interest from past years. And of course they will already have some income taxes that were withheld from your winnings that you will have to file a 1040 federal income tax return for to report your winnings and all other sources of gross worldwide income on.
Asked in Jeopardy
How long does it take to get your winnings after jeopardy?
Should good high school students take out loans for college?
Asked in Taxes and Tax Preparation, Income Taxes
What percent of your lottery winnings are taxed in the UK on euromillions winnings?
Asked in Federal Loans and Mortgages
How do federal student loans hurt students more than help them?
Students who are entering college to pursue a degree usually need financial assistance to pay for the cost of their college education. Since pursuing a college degree can be quite expensive most students have to apply for undergraduate loans. By the time students graduate college, most students will have taken out several undergraduate loans. Federal Undergraduate Loans Are Preferred By Students vs. Private Student Loans Most students apply for federal undergraduate loans versus private loans. However, students who attend expensive colleges often have to apply for private student loans in addition to federal student loans because federal student loans may not cover everything, including but not limited to tuition, housing, books, clothing and other necessities students typically need. Parents Can Help Their Children by Applying For Undergraduate Loans Students can typically apply for undergraduate loans without the assistance of their parents, but there are undergraduate loans that parents can apply for to help fund a students' tuition. Currently, parents who want to apply for an undergraduate loan for their children can apply for what is known as a Plus loan. The Parent Plus Federal Student Loan allow parents with good credit to apply for loans to help their children go to school. Students Must Prepare a FAFSA Before Applying For Undergraduate Loans Prior to applying for federal student loans, students will need to prepare and submit a FAFSA to the federal government. All students interested in applying for federal undergraduate loans must prepare and submit a FAFSA by the deadline. Missing the FAFSA deadline may lead to students missing out on additional state financial aid opportunities. Students Can Complete the Student Loan Application Process After Submitting a FAFSA Once a FAFSA has been completed, students can then start applying for undergraduate loans they are eligible for. Applying for undergraduate loans is not difficult to do. Applying for private undergraduate loans are much more difficult. Each year when students start a new school year, they will have to complete the whole application process once again. The process is not difficult to complete and does not take very long. Students who need to apply for undergraduate loans should need to always pay close attention to deadlines.
Asked in Game Shows, Income Taxes
How much does IRS take away from game show winnings?
Direct Consolidation Loans?
Students with two or more federal student loans can consolidate all of their federal loans by applying for Direct consolidation loans. Students who apply for a Direct consolidation loans usually choose to consolidate their loans for many reasons, including but not limited to extending the original repayment term of their original loan to 30 years, lowering their monthly payment, lowering their interest rates and securing additional forbearance and deferment time. Students Who Apply for Direct Consolidation Loans Manage Their Loans Better Many students find it easier to manage all of their student loans by consolidating their existing federal student loans into one loan. Consolidation allows students to combine two or more student loans into one loan, so students will only be responsible for making one monthly payment instead of several monthly payments each month. Direct Consolidation Loans Help Students Lower Interest Rates on Their Existing Student Loans Students with high interest federal loans can take advantage of lower interest rates by applying for a Direct Consolidation Student Loan. In most cases, students who apply for Direct consolidation loans will find that they can consolidate their existing federal loans down to a lower interest rate. Students Who Apply for a Direct Consolidation Loan Receive Extra Forbearance and Deferment Time One of the main benefits of applying for a Direct consolidation student loan is that students who no longer have any forbearance or deferment time left on their existing federal loans will be entitled to new deferment and forbearance time simply by applying for a Direct consolidation student loan. Direct Consolidation Loans Help Students Prevent Default Students who apply for a Direct Consolidation loan can prevent defaulting on their existing federal loans. This is especially true for students who have no other repayment options and can't make their monthly payments. With a Direct student consolidation loan, students and graduates start over with a fresh and brand new loan and repayment terms. Students who are struggling to pay their federal loans, are out of forbearance of deferment time or are interested in lowering their interest rates should consider the benefits of applying for a Direct Student Consolidation loan today.
Finding Grants for College Students?
It is truly important for college students to think about how they will pay for college. All too often, students avoid thinking about how they will pay for school until the last minute. They may end up forgetting to apply for the FAFSA, which means that they are unable to qualify for student loans to pay for college. It is truly a tragic situation when a student can not apply for college, simply because he or she forgot to apply for federal aid to attend school. It is very important for a student to do all that he or she can to get aid for college. When a student tries to get aid for school, then he or she will likely be able to take out loans. It is a great idea to take out loans for college, but a student should also remember to be responsible with the funds he or she receives. All too often, students can be quite irresponsible when it comes to taking out loans for college. It is never a good idea for a student to take out too many loans, if he or she does not need to take out those loans. A student should only take out loans in the amount that he or she needs, or else that student is taking money that could have went to another student. It is truly important for a student to be careful in spending the money that he or she receives for student loans. All too often, students are not careful when they receive their money for student loans. Students may end up spending their loan checks way too early, which means that a student has to take out more loans in a semester. It is a horrible experience for any student to have to take out loans, when he or she should not have to. A student will simply owe that much more money upon graduation. A student should try to make his or her life as easy as possible and avoid spending too much money in unnecessary loans. This will save a student in the long run. A student will not be stressed.
Asked in Loans
Schools Loans Make Higher Education Possible?
With the cost of higher education increasing and the amount of available federal grants decreasing, the demand for student loans has also increased. Student are finding that without loans they are no longer able to afford the cost of attendance at most colleges and universities. Students considering taking out loans should be sure to research all their options before applying. The two most common types of student loans are the federal subsidized and the federal unsubsidized loans. With these loans students, enter into contract with the government and not a loan financer like a bank. The federal subsidized loans allows student to take out a loan but pay no interest until after they have graduated or fallen below full time status. With federal unsubsidized loans students are responsible for the interest accrued while they are in school, but not until they begin to make payments at the end of the grace period. The benefits of federal loans is that students need not worry about repaying them until they have graduated or until they fall below full time status at their school. When that occurs, they are given a six month grace period in which to find suitable employment before having to make payments. Students can also take out loans from third party financers like a local bank. With private loans should be sure to search for the one that best suits their needs The key to successfully taking out loans is to never take out more than needed. Students who do this find that their loan balance when they graduate is much higher than it should be. Students are also advised to look at loans as a last solution. They should also look into scholarships, grants, and fellowships first. Once they have found all the free money they can, then they should look into loans to make up the difference. Students who are borrowing from third party lenders should take the time to shop around, looking for the best interest rates and payback time period. Loans are an effective way to pay for higher education. However, because they are not free money, students should be careful when deciding whether or not to take one out.
Asked in Student Loans and Financial Aid
Take Out Alternative Student Loans for Added Expenses?
Sometimes, students face additional educational expenses in the middle of the semester. If you have found yourself needing some extra cash in the middle of the semester, then be sure to take out alternative student loans. A student can apply for these loans at anytime during his or her school year. The applications usually only take minutes to complete.