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Can you tell me about private education loans vs. government education loans?
Wiki User
∙ 12y ago
HUGE difference.
Federally Guaranteed student loans have very low interest rates and many benefits attached.
Private student loans have much higher interest rates and no benefits.
Wiki User
∙ 14y ago
Wiki User
∙ 10y agoLoans can help with the expenses of college. You should look into the loans at both a government and private level to see what has the lowest interest rates.
Wiki User
∙ 12y agoIf you do not want federal student loans, you can get private student loans through your bank, such as Chase or Citizens Bank. You can also get private loans through Sallie Mae.
Wiki User
∙ 11y agoPublic, or government backed student loans tend to have lower interest rates. Private student loans are more difficult to obtain, especially for young people with no credit.
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How can I apply for student loans?
Public universities such as University of Kentucky offer loans to students via the government Department of Education. Therefore, you would have to complete the FAFSA application (on fafsa.ed.gov) to qualify.
What companies will help me consolidate my old student school loans?
I called a company that advertised in one of the medical magazines that was at the hospital. I tell all of my co-workers now to consolidate with Medical School Loans private student loans, Jennifer helped me consolidate all of my federal loans to consolidate my new loans and my old loans with Medical School Loans.
How has the civil rights act of 1964 increased the power of the federal government?
The civil rights act of 1964 allowed the federal government to dictate private actions. The government could tell private businesses they had no right to exclude minorities.
Is there a statute of limitations on student loans for a co signer?
In the US, the answer is no, the government can collect indefinitely. There is a way to help yourself though. If the loans are Federally Guaranteed, you can tell the borrower to consolidate the loans in only their name, that will get you off the hook. If the borrower needs help consolidating their loans, refer them to the company on the link below.
Where do I find out about consolidating student loans?
Talk with whoever you got your student loans through. They will be able to tell you if you can consolidate your loans or not.
Can special education private school tell me not to bring child back?
If it is a private school, they can determine who may and may not attend. If they do not believe that they can meet your child's needs, it is probably best to find somewhere else anyway.
Are FASFA loans the best?
FAFSA is not a loan, it's an application. FAFSA stands for free application for federal student aid. You fill it out and they'll tell you if you qualify for any grants, loans, etc. The best loans are the one from the government because they are the fairest and will give you more time if you can't find work after you graduate.
How do you tell your friend a secret?
tell them in private.
How much should I borrow for college?
College is expensive. There’s no doubt about it. But, an education is necessary to maintain a good quality of life. So, you might be looking to borrow money to finance your education. The question then is: “How much money should I borrow?” Well, nobody can tell you that for sure. This truly depends on your own situation, but there are general guidelines that you should follow to avoid going into a hole of debt that you can barely dig yourself out of. Firstly, you should know about the types of money you can borrow. The federal government offers loans to students (Stafford loans) that have perks that private loans do not have. For subsidized Stafford loans, the government pays the interest that accrues while the student is in school. The student is responsible for the interest on unsubsidized loans. Generally, one should turn to federal loans first because they tend to have lower interest rates than do private loans. Private loans are a different beast entirely. Unlike Stafford loans, they have no borrowing limits. But, they also tend to have higher interest rates. So if you intend to borrow money for college, by all means check out federal options first. Many experts recommend not maxing out on federal borrowing limits. (Think about it: if you do then you will have already borrowed $27,000). When it comes to private loans, seriously think about your career outlook. Yes, you can borrow 100,000 grand to pay for an Ivy League education. But if you plan to major in religious studies, this might not be such a great idea. Debt really limits your options. Generally, one should not borrow more than they can expect to make within one year out of college. So by borrowing more than $40,000 for an undergraduate degree, a college student limits his or herself to those jobs that pay more than $40,000—a small and specialized few, or puts his or herself into an unmanageable amount of debt. To someone facing a $50,000 or more tuition bill each year, borrowing only $5,000 or $6,000 a year may not seem doable. But, it’s for the best. If you can’t afford those high price tags, look at cheaper in-state options. Do two years of your degree at a community college and then transfer into a 4-year institution. Look for scholarships and grants. But, by all means do not dig yourself into a whole by borrowing too much money.
How Much Money Should I Borrow for College?
College is expensive. There’s no doubt about it. But, an education is necessary to maintain a good quality of life. So, you might be looking to borrow money to finance your education. The question then is: “How much money should I borrow?” Well, nobody can tell you that for sure. This truly depends on your own situation, but there are general guidelines that you should follow to avoid going into a hole of debt that you can barely dig yourself out of. Firstly, you should know about the types of money you can borrow. The federal government offers loans to students (Stafford loans) that have perks that private loans do not have. For subsidized Stafford loans, the government pays the interest that accrues while the student is in school. The student is responsible for the interest on unsubsidized loans. Generally, one should turn to federal loans first because they tend to have lower interest rates than do private loans. Private loans are a different beast entirely. Unlike Stafford loans, they have no borrowing limits. But, they also tend to have higher interest rates. So if you intend to borrow money for college, by all means check out federal options first. Many experts recommend not maxing out on federal borrowing limits. (Think about it: if you do then you will have already borrowed $27,000). When it comes to private loans, seriously think about your career outlook. Yes, you can borrow 100,000 grand to pay for an Ivy League education. But if you plan to major in religious studies, this might not be such a great idea. Debt really limits your options. Generally, one should not borrow more than they can expect to make within one year out of college. So by borrowing more than $40,000 for an undergraduate degree, a college student limits his or herself to those jobs that pay more than $40,000—a small and specialized few, or puts his or herself into an unmanageable amount of debt. To someone facing a $50,000 or more tuition bill each year, borrowing only $5,000 or $6,000 a year may not seem doable. But, it’s for the best. If you can’t afford those high price tags, look at cheaper in-state options. Do two years of your degree at a community college and then transfer into a 4-year institution. Look for scholarships and grants. But, by all means do not dig yourself into a whole by borrowing too much money.
How do I know if I qualify for any factoring loans?
The quickest way to see if you qualify for these types of loans is to check with the company offering the loans. They should be able to tell you on the spot.
What is federal loans and is everyone eligible for it?
Here's a site that can tell you whether you're eligible for one or not if you read it carefully! http://www.direct-loans-servicing.com/federal-Stafford-loans/
