In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee Agencies have the right by law to keep any Federal Income Tax return money that is owed to you. They also have the right to garnish any wages and to garnish Social Security benefits. If you need help getting out of default and getting off of the tax offset list, click on my profile, StudentLoaner, below.
FAFSA stands for Free Application for Federal Student AidFree Application for Federal Student Aid
Federal student loans do not currently have cosigners. Parents who take out federal PLUS loans for their kids often think they are a cosigner, when they are actually the sole borrower. All federal student loans are discharged if the student dies.
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.
In the U.S., student loans can be Federal or Private.Stafford, PLUS, and Perkins loans are Federal. Most others are private.
There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.
no. you will have to consolidate separately. with a federal lender then a private lender.
Contact The University of Illinois Office of Student Financial Aid.
Information on student federal aid can be found at Home - FAFSA on the Web-Federal Student Aid www.fafsa.ed.gov/ It is the official website and provides you with accurate up to date information.
yes
The Free Application for Federal Student Aid
To apply for a PLUS loan a graduate student must complete the 'Free Application for Federal Student Aid' form. One can do this on the Federal Student Aid website.
University of Pennsylvania Student Federal Credit Union was created in 1987.