Some private loans allow you to borrow up to the cost of attendance minus other financial aid. Abusing this type of loan to borrow more then the cost of attendance may result in loss of other financial aid and/or being put in default on your student loans.
Some private loans allow you to borrow up to the cost of attendance, without considering your other aid.
Know the terms of the loan before you apply.
no. you will have to consolidate separately. with a federal lender then a private lender.
higher interset rates
higher interset rates
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the alternative vis private banks
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.
no. you will have to consolidate separately. with a federal lender then a private lender.
No, federal usually have lower interest rates.
CitiAssist does not provide anything but loans for students. There are federal and private loans available. The federal loans are guaranteed by the government while the private loans require a credit check.
Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.
In the U.S., student loans can be Federal or Private.Stafford, PLUS, and Perkins loans are Federal. Most others are private.
No..there are also 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.
No, private lending institutions (such as banks) also give out student loans.
higher interset rates
Private student loans are credit-based, non-federal student loans that can help you cover any school expenses you have remaining when scholarships, grants, and federal student loans arenat enough.
You can be denied private loans, and grad plus loans for late payments on your credit history. If you default on a federal student loan, you will lose eligibility for all federal financial aid (including grants).
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.