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FAFSA Student Loans

The free application for federal student aid, or FAFSA, qualifies students for loans for education. Federal Stafford loans are either subsidized or unsubsidized. Subsidized loans have interest that begins to add up after the loan repayment period begins. Unsubsidized loan interest can accrue at any time, including before the repayment period.

Payment Options

Students must begin payment on FAFSA student loans six months after graduating, leaving school or dropping below enrollment requirements. Students are informed that payments are due and directed to select payment options. Students can choose from different lengths of time to pay off their loan or apply to make payments based on their current income.

Consolidation and Deferment

Students who have taken out multiple loans for their education can choose to consolidate them, so they have a single payment based on the combined rates of each loan rather than separate payments for each individual loan.

Students who have entered the repayment period for their FAFSA loan, but cannot make the payments due to extenuating circumstances can apply for deferment to postpone their required payment.

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14y ago

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There are many places to research student loan settlement. You can look at various places on the web or at many banks. Looking for loan settlements can be difficult start by checking www.wellsfargo.com/student


What is a student loan?

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what is a student loan grant?

what is a student loan grant?


What are the advantages of a Standard student loan?

What is a "Standard" student loan?


Can you get a student loan if one of your parents is in default on their student loan?

Yes.


Can you sill get a student loan if your in deferment on another student loan?

Yes.


What is student loan forgiveness?

Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.


Can you get a loan if you are a co signer for a student loan?

If you have a good enough income to qualify since the student loan is considered your loan.


Where can I find information about student loan rates?

Student loan rates vary by the type of student loan, but can be either fixed or variable rate. Most federal student loans are fixed at 6.8% Private student loan rates are typically higher.


How do you refinance a student loan?

when does Everest send out my remaining balance for my student loan


If you cosign a student loan will you still be eligible for a student loan for yourself?

YES


What is meant by student loan bankruptcy?

Student loan bankruptcy happens when a student has not been a student for the last 7 years and declares bankruptcy. For more information please contact a student loan office.