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They are backed by the US Government is a big one. They also tend to have a lower interest rate than conventional loans. Another factor is the ability to extend or defer payment, something that is often not available with a normal loan.
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What government student loans are classified as consolidates?
Most government student loans are always classified as consolidates. But the most known one is called Federal Student Aid and you can search that on an internet browser.
Is a student loan considered federal?
In the U.S., student loans can be Federal or Private.Stafford, PLUS, and Perkins loans are Federal. Most others are private.
What are some banks that offer private student loans?
In the United States most national banks will offer private student loans. In Canada most federal banks like The Royal Bank of Canada and The Bank of Montreal also offer private student loans.
Will most colleges give out student loans from the department of education?
Most colleges are required to give out student loans to each student at least once, but it must be paid back before you get another one by most. The department of education cannot deny you a student loan.
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
Is there a student loan payment calculator for all student loans?
Yes, there is usually a student loan payment calculator for most students loans. Some student loan payment calculators can be accessed through the internet.
How do I pay off my college student loans quickly?
This is the website that I found most helpful when looking for information on How do I pay off my college student loans quickly. here is the website www.rbcroyalbank.com/student
Where can student loans be obtained?
from various lending institutions. ^While true, avoid getting private student loans when possible as you aren't entitled to certain rights such as forbearance and deferments, These lenders also have interest rates that vary month to month depending on market conditions. If possible, always get Federal student loans.
Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
What company provides direct student loans?
There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.
Can you receive financial aid if you have student loans?
true but the most part of them
Is there a direct student loan available for attendance at a college this year?
Student loans can be generally broken into the categories of federal and private student loans. Private student loans are loans students borrow from lending agencies, with credit requirements, interest rates and repayment schedules set by the lenders, rather than by the Department of Education. Federal loans, on the other hand, are available for both students and parents, and have uniform rates and requirements. The most common federal loans are Stafford Loans, Perkins Loans, and PLUS Loans.
