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What is a Federal Loan?

Updated: 9/17/2023
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12y ago

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this is boring don't ask that question

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Q: What is a Federal Loan?
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What is the best federal student loan program?

There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.


Where can one find federal college loan consolidation?

One can find Federal College Loan Consolidation at several facilities of the Federal College Loan Consolidation located at different outlets of Federal College Loan Consolidation.


What is the average rate of a federal plus loan?

The average rate of a Federal Direct Parent Plus Loan and Federal Direct Plus Graduate Loan is now 7.9%. This rate is fixed for the life of the loan and cannot exceed 8.25%.


Is a federal loan the same as a federal grant?

not on your life!


How do I obtain an FHA loan?

Almost anybody can get an FHA loan. There are no income limits the FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration.


What is a federal direct plus loan?

The Federal Direct Student Loan program is loan given to students in the United States. If you feel that you are in need of the perfect loan, then maybe this is the right one for you since it is a government loan.


When was Federal Home Loan Bank Board created?

Federal Home Loan Bank Board was created in 1932.


Can you file bankruptcy for your student loans and keep your house out of it?

If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.


What was the purpose of the federal home loan bank act?

The Federal Home Loan Bank Act was passed in 1932 under President Herbert Hoover. Its purpose was to lower the cost of owning a home. It set up the Federal Home Loan Bank Board, which chartered and supervised federal savings and loan institutions. It also created Federal Home Loan Banks to lend to savings and loan institutions for financing home mortgages.


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.


When was Federal Home Loan Bank Board Building created?

Federal Home Loan Bank Board Building was created in 1928.


Who bought out bell federal savings and loan?

Standard Federal of Michigan