0
Answer: I imagine that 80% of the college students fail to pay off their loans !!
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What is the percentage rate for first time homeowner loans?
The percentage rate for first time home owner loans is average. The percentage rate is average because first time home owner loans are for people who have never owned a home.
Is a Policy Loan taxable income?
No. Loans are never income
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.
Are there any companies that offer comparisons on student loans?
There are numerous companies that offer comparisons on student loans, which is a MUST when considering a loan for college tuition. One should locate a reliable lender that not only loans you the money you need, but offers the best options. The key is to never be afraid to speak up! It is your right to know from whom you will be borrowing money. If a company is reluctant to answer your questions, they may very well not be worth your time or your business
What are the risks of unsecured personal loans?
Unsecured personal loans can result in being robbed. You may never see your money again because a contract was not signed by both parties. Unsecured personal loans can result in being robbed. You may never see your money again because a contract was not signed by both parties.
Taking out Loans for College ?
Many students are unable to afford college without a student loan of some sort. Student loans are necessary for a good majority of students that attend school. For the student that wants to attend college but does not have the financial means possible, student loans can open up a world of opportunity. If a student wants to know how to find some great student loans for college, then there are all sorts of resources he or she can consult. First off, a person will want to look for loans for college that have a good interest rate. It is a good idea for a student to apply for loans through the government. One of the smartest choices that a person can make is to apply for loans through the government. The government can truly be a great aid and rescue to any person that is applying for student loans. The government is here to help as many students go to school as possible. A student should never underestimate the government as a resource for disbursing student loans. The majority of students with loans receive all of their loans directly from the government. A student will likely pay for all of his or her tuition with loans from the government. Some people do not like this, while others do not really care. A student truly needs to be careful that he or she does not take out too many loans for college. Taking out too many loans for college can truly be risky for any student. When a student takes out too many loans for college, then he or she can end up in a tremendous amount of debt. A student may never be able to repay all of the loans that he or she takes out. It is never a good idea for a person to take on more debt than he or she can handle. If a person can not handle all of the debt that he or she faces, then this can be a very stressful situation. A person may end up having to declare bankruptcy as a result of having so much debt. It really is stressful for people.
What is the percentage rate for first time homeowner loans?
The percentage rate for first time home owner loans is average. The percentage rate is average because first time home owner loans are for people who have never owned a home.
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.
Applying for Easy Student Loans?
Many students have no idea how they will ever be able to afford college. Many students also never receive the information that they need about the student loan process. All too often, high schools fail to do a good job in educating students about all of the loan options they have, when it comes to pursuing higher education. A student truly has a plethora of options when it comes to taking out loans for college. A student may be able to qualify for a large amount of loans through the federal government. The federal government can truly offer all sorts of loans for students. A student can truly get all he or she needs from the government. Many students have no idea that the government offers all sorts of loans for students. It is true though, the government wants as many students to attend school as possible. The government will see to it that students can attend college, if they want to go to college. It is very important for students to apply for loans from the government as soon as possible. The government basically gives out easy student loans to those that apply the earliest. The earlier that a person applies for loans, the better chance that he or she will receive one. All too often, loan money can be disbursed and a student may be left without any money. The government can actually run out of money to give students, and students can be stuck in quite a bind when this happens. No student wants to be in this position, so it is truly to a student's advantage to apply for government loans as soon as possible. The sooner that a student applies for such loans, the better. It is truly to a student's benefit to apply for these loans when he or she can. Applying for student loans can also be done through banks. However, banks are much more picky with the people that they will give out student loans to. Many banks will not give students loans if they do not have any credit history, or their credit history is very poor. It is important to have good credit history.
What percentage of college students have never missed a test or done poorly on an exam because of alcohol use?
If they are all like Cason from WBU then 100% of them will flunk out. His isnt really from alcohol though, it's from sleeping all day, playing xbox, and just simply not caring. Cheers!
Is it bad for all college and university students to never have summer jobs?
No
College Loan Interest Rates?
College loan interest rates vary and are based on numerous factors, including whether or not the loan the student is applying for is a private or federal student loan. Students who apply for private loans are typically subject variable interest rates. Whereas, students who apply for federal student loans are subject to fixed student loan interest rates.College Loan Interest Rates For Private Loans vs. Federal LoansMost private student loans feature variable interest rates versus fixed interest rates. However, students can apply for a fixed private student loan. Since variable interest rates on private loans fluctuate from year-to-year students can expect their payments to fluctuate as well. Students who apply for private student loans with variable interest rates can expect their payments to fluctuate as interest rates fluctuate.Students Can Lower Their College Loan Interest Rates With Consolidation LoansStudents who apply for and secure federal student loans have the comfort of knowing that the interest rates for their student loans will be fixed. Having a fixed interest rate can be beneficial. However, that does not mean that students can never attempt to lower their college loan interest rates. In fact, students who have two or more federal student loans can apply for a federal student consolidation loan to lower their interest rate on their federal student loans.New Federal College Loan Interest Rates Are Announced Each Year on July 1Students who are interested in consolidating their loans can take advantage of new interest rates that are announced on July 1. Students who are in high interest rate loans can apply for a consolidation loan in any year when lower rates are announced. New interest rates are announced each year on July 1 apply only to federal loans and not private student loans. Students interested in this option must consolidate and lock in a lower interest rates before a new interest rate is announced the following year.For students who are applying for student loans or are in repayment, having a full understanding of college loan interest rates can help you decide whether to consolidate or apply for a fixed or variable interest private loan.
How Parents Can Help Their Child Avoid College Loans?
The cost of attending an excellent college is increasing faster than the rate of inflation. Many parents are finding the funds that they have set aside for their children to attend college are inadequate. However, parents do not have to take on the burden of college loans. Students have many options available to fund their college education. First, students should apply for scholarships. Scholarships never have to be repaid! Best of all, there are hundreds of thousands of different scholarships that students can apply for. Athletic students can win athletic scholarships. Brilliant students can win academic merit scholarships. There are also a myriad of scholarships available for students who are left handed, female, from a different country or who have a special talent. Many local businesses also offer scholarships to students as a method to boost public relations. Second, students should consider ROTC or the military. ROTC is a program that allows students to train to become military officers while attending school. An ROTC scholarship pays for the student to attend their classes, however, the student must complete a certain time in active military service following their enrollment. The military also allows members to qualify for special scholarships and payment options. The GI Bill as well as other programs can help individuals to pay for their college after they have already served in the military. Some former military students may even qualify for a housing allowance while they are studying. Third, students need to see if they are financially eligible for grants. A grant is another option to avoid loans. Many states offer a grant to their students if they achieve a certain GPA or have a certain range of test scores. However, the most common grants for students to receive are Pell grants. These grants are awarded based upon a students information on their FAFSA. The FAFSA allows students to input their income and their parents income to verify their qualification for numerous federal programs. Students and parents do not have to be saddled with student loans for the rest of their lives. There are a number of programs that students and parents can use to avoid college loans completely.
Why do college teachers assume that the students know everything?
Speaking as a professor, I never assume students know everything. However, I do expect they have the appropriate foundation that led to them taking my course, and the basic skills required for all college level students.
Why are college students NEVER on MSN during their summer break?
They tend to be busy with their jobs or courses, or whatever
What percentage of college students drop out after the first year because of alcohol?
Approximately 14-23% of college students drop out after the first year due to alcohol-related issues. This can include academic difficulties, health problems, or behavioral issues stemming from excessive drinking. It's important for universities to provide education and support services to help prevent this.
Which Student Loan?
One of the most stressful aspects of attending college is paying for tuition. Most students deal with this stress by applying for financial aid which includes grants and loans. Unfortunately, many students do not qualify for grants and must turn to loans exclusively. It is these students that must be very aware of the interest rates on student loans and how they vary from loan to loan. There are many types of student loans available for a student. These loans all have varying amounts of interest with different rules about repayment. The most common form of student loan is a private loan from a bank. These often have a fairly high interest rate but are available to anyone regardless of their credit score. They must begin making payments six months after graduating from college. It must also be paid back regardless of graduation. So a student that drops out of college will still owe the money. A less frequently used type of loan is a Stafford Loan. These loans are guaranteed by the government and have no interest rate. These were established to help prevent students from getting buried in debt right out of college. It is available to almost all students on any level of education. Anyone that qualifies for this loan would be remiss to pass it up. There are very few other instances in life where a loan will be offered with no interest rate at all. Paying for college tuition is tough for any student regardless of the amount of money they have easy access to. It is important that every college attendee examine all of their potential income sources and pick the ones that most benefit them. Grants are the best option without question but there are some forms of loans that make suitable alternatives. A student should never take the first loan offered tot them, but should instead shop around and make sure there are not better choices that could be made. By paying careful attention to these details now, people prevent themselves from having an insurmountable debt later in their lives after they have graduated from college with a degree.
