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The level of difficulty in obtaining a loan from the Department of Education depends on the circumstances. It is mostly dependent on the person's financial history, if you have bad credit it could be difficult.

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12y ago

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How does a US Department of Education Consolidation Loan work?

A US Department of Education Consolidation Loan works by allowing students who have at least one student loan held by ED and at least one commercially held FFEL program loan to take out a special loan. One who wants a US Department of Education Loan must apply by the deadline.


How does the Department of Education effect loan consolidation?

The Department of Education determines which students are eligible for a loan consolidation. One can apply onto their website to see if they are eligible.


How can an unsubsidised student loan be obtained?

To obtain an unsubsidised student loan, an application must be made to the U.S. Department of Education using the FAFSA form. This form is available from the Federal Student Aid website.


How can one get a Department of Education student loan?

To get a Department of Education student loan, you must first complete the Free Application for Federal Student Aid (FAFSA). This application will determine your eligibility for federal financial aid, including loans. Once you have completed the FAFSA, the Department of Education will send you a financial aid offer that may include federal student loans. You can then accept the loan and proceed with the necessary paperwork and agreements.


How does the Department of Education assist college students with student loan consolidation?

The department of Education assist College students with loan consolidation by giving advice, being references for worthy students and helping with individual needs.


Who should I contact for student loan forgiveness?

You should contact your loan servicer or the Department of Education for information on student loan forgiveness programs.


Will it be hard to obtain a home loan after filing bankruptcy?

Virtually impossible.


What is a Direct Consolidation loan?

A direct consolidation loan is made when a person has multiple loans (from education, College, University,) to pay off, so combines it in to a single loan that is then made to the U.S. Department of Education.


Where can you find a hard copy of sba loan rates?

There are two things you can do to find SBA loan rates. You can obtain one online from a loan business website, or you can contact a local agency that sevices these loans to obtain a copy.


How do i get a pnc bank lien off car that is paided for?

You have to obtain a pay off letter from the bank. Contact their loan department and obtain the letter, then take it to the DMV.


How can I check on student loan forgiveness?

You can check on student loan forgiveness by contacting your loan servicer or the Department of Education to see if you qualify for any forgiveness programs based on your specific circumstances.


How can I determine if my student loan has been forgiven?

To determine if your student loan has been forgiven, you should contact your loan servicer or the Department of Education. They can provide you with information on the status of your loan forgiveness application and confirm if your loan has been forgiven.