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What is federal loans and is everyone eligible for it?

Updated: 9/17/2019
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11y ago

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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/

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11y ago
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Q: What is federal loans and is everyone eligible for it?
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Related questions

What are 2 types of loans college students are eligible for?

Federal loans and federal grants.


Which students are eligible for Sallie Mae loans?

There are a lot of kinds of loans for students who are eligible for Sallie Mae loans. Some types of student loans at Sallie Mae are federal student loans, private loans, education investment planner.


Are you eligible for a single-mother student grant if you have defaulted on your student loans?

In the US, the answer is no, unless you rehabilitate the defaulted loans for 12 months or unless you consolidate the loans. A person with defaulted federal loans is not eligible for additional federal assistance until the default status is rectified. Once the loans are rehabilitated or consolidated, you will then be eligible to go back to school and receive additional loans or grants. If you need help consolidating your federal student loans, click on the link below this text box.


Who is eligible for Astrive student loans?

Astrive Student Loans are private loans provided by Union Federal Savings Bank. Currently no one is eligible because it is not accepting new applications.


Can you still get federal student loans if you have defaulted on other student loans that are now deferred?

If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.


How can a single mother with default loans get financial aid?

If you are in default on federal student loans you are not eligible for financial aid until you get them out of default.


Do you have to repay a federal student loan?

Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.


Am I eligible for federal student loans if I attend dog grooming school?

Federal Student loans are available only for educational purposes. A dog grooming school would not qualify as such.


Will financial aid pay for a second associate's degree?

Yes, it will, not sure if you are eligible for Federal Direct Loans though.


Can you apply for student loans if you have defaulted on your previous student loans?

If you are living in the US, then the answer is no if the loans are in default. You will not be eligible for another Federal student loan until the loans are rehabilitated for 12 months or consolidated. If you need help with consolidation of your defaulted loans, please click on the link at the bottom of this text box. In some other countries, student loans can be awarded as long as you fill the requirements (i.e. are a student at an approved institution and have a minimum of courses). You can simply keep adding to the loans and pay them off later when you finish studying, or while paying them off.


How does a federal student loan work?

Federal student loans are given to eligible students for postsecondary education (college, vocational or professional schools) These loans do not have to be repaid until after graduation, have lower, fixed rates, and generous prepayment plans as opposed to loans from private sources.


Can you apply for a private student loan before you apply for a grant?

Yes, but you should find out how much Grant money and Federal student loan money you are eligible for before applying for Private student loans. Grants are free and Federal student loans are cheap. Private student loans are very expensive. Avoid them if you can.