Banks don't have any collateral for student loans.
Government Guaranteed or isnured ones, yes.
Private student loans usually have higher interest rates and have to be paid in a specific time period. Government loans are more flexible.
Federally guaranteed or insured loans, yes.
Student loans are guaranteed by the federal government for students who have "need." Need is determined by FAFSA, Free Application for Federal Student Aid, which you can complete at www.fafsa.ed.gov A subsidized student loan is one for which the interest is paid for by the federal government while the student is in school and through the grace period. Read about federally subsidized student loans here: https://studentloans.gov/myDirectLoan/index.action
Student loans are a Federal guaranteed loan. There is no statute of limitations for them.
In the USA, all Federally Guaranteed student loans have the same interest rate and same benefits. It does not matter if you get the loans from a private bank or directly from the government. Private student loans differ in interest rate and benefits for each bank. Federal Student loans have lower interest rates and better benefits than private student loans.
Yes. UNCNS stands for "Unsubsidized Consolidated." Since private or state loans not guaranteed by the federal government are ineligible to be consolidated, only federal loans can be labeled UNCNS.
Yes, VA loans are guaranteed by the federal government. More specifically, they're guaranteed by the U.S. Department of Veterans Affairs.
No. You have to pay them back.Answer2It's a statute not a statue. A statute is a law, a statue is a piece of sculpture.
For delinquent gov't insured or guaranteed loans.
if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans
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.