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Can Perkins loans still be forgiven if they were consolidated with other federal loans?
Perkins loans can lose their eligibility for forgiveness if they are consolidated into a Direct Consolidation Loan. Once consolidated, the Perkins loans are paid off and no longer exist as separate loans, which means they cannot be individually forgiven. However, any qualifying payments made on the consolidated loan may count towards forgiveness programs, such as Public Service Loan Forgiveness. It's important to check specific eligibility criteria based on the type of forgiveness program you are pursuing.
What else can I help you with?
How can student loan debt be consolidated?
Student loans can be consolidated after graduation or dropping out of school by filing with the government to consolidate all federal student loans. Remember that non-federal loans cannot be consolidated.
Does a perkins loan get forgiven in a bankruptcy?
List all of your loans and debts. They are all covered in your bankruptcy.
Can Nelnet loans be forgiven?
Yes, Nelnet loans can be forgiven under certain circumstances, such as through Public Service Loan Forgiveness or other federal forgiveness programs.
How is a Federal Perkins Loan different from a regular loan?
Federal Perkins Loans are low-interest loans used for postsecondary education at colleges and universities who participate in the government program. It also has a nine-month grace period following a student leaving school (withdrawal, graduation, etc.), which is hard to find with regular loans.
What is a federal direct loans?
"They are loans from the U.S government commonly used for education loans. They are normally available in 2 types, Perkins (low income, many benefits) and Stafford (standard, unsubsized)."
How can student loan debt be consolidated?
Student loans can be consolidated after graduation or dropping out of school by filing with the government to consolidate all federal student loans. Remember that non-federal loans cannot be consolidated.
Are uncns loans federal 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.
Does a perkins loan get forgiven in a bankruptcy?
List all of your loans and debts. They are all covered in your bankruptcy.
Is a student loan considered federal?
In the U.S., student loans can be Federal or Private.Stafford, PLUS, and Perkins loans are Federal. Most others are private.
Can private student loans be consolidated with federal student loans?
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.
Can Nelnet loans be forgiven?
Yes, Nelnet loans can be forgiven under certain circumstances, such as through Public Service Loan Forgiveness or other federal forgiveness programs.
Is it true that divorced single parents are able to have their student loans forgiven and also receive extra money for child care?
The only Federal Loan Forgiveness information that I am aware of is as follows: If you die your loans are forgiven If you become perm. disabled your loans are forgiven
Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
What are the 4 types of financial aid available in regards to education?
There are different types of student loans available to college students for college: # Federal Subsidized Stafford Loans # Federal Unsubsidized Stafford Loans # Federal Perkins Loans # Federal PLUS Loans # Private/Alternative Student Loans Other sources of financial aid are: * Scholarships * Grants * Work-Study
Can student loans be forgiven if you are working with the homeless and DOC clients as an outreach and substance abuse counselor?
Generally, no. You're not a teacher, a childcare worker, or a military service-member. Actually, some student loans are forgiven if you work in certain jobs with certain populations. My Perkins loans were forgiven because I was employed as a program manager in a family homeless shelter. This was a federal forgiveness program. My husband worked as a public school teacher with disabled children and had an opportunity to have some of his student loans forgiven under a program run by the State of Florida. Loan forgiveness can be worth thousands of dollars so it is worth it to check with your lender to find out if there are any programs that suit your situation.
How is a Federal Perkins Loan different from a regular loan?
Federal Perkins Loans are low-interest loans used for postsecondary education at colleges and universities who participate in the government program. It also has a nine-month grace period following a student leaving school (withdrawal, graduation, etc.), which is hard to find with regular loans.
Can you be forgiven of student loans if your school closes?
No, your student loans will not be forgiven because your school closes.
