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False, An FHA loan is NOT a type of financial aid.

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12y ago

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Can you use federal financial aid as a source of income for a loan?

No, that is getting a loan with a loan. If anything it will count against your credit worthiness.


How would one apply for a direct finance loan?

Direct finance loans can be applied for at a branch of the bank where the funds are coming from. If the loan is needed for college financial aid, the online site Financial Aid can be helpful for a direct loan. Be sure to have proof of income and expenses handy when applying for any loan.


Which federal loan can help cover expenses not met by other federal financial aid?

The federal loan that can help cover expenses not met by other federal financial aid is the Direct PLUS Loan. This loan is available to graduate students and parents of dependent undergraduate students, allowing them to borrow up to the full cost of attendance minus any other financial aid received. It can be used to cover additional educational expenses, such as living costs and books.


Where can one find a government debt consolidation loan?

You can find a government debt consolidation loan by contacting the federal government division which deals with the type of loan that you are looking for. For example if you are looking for a student debt consolidation government loan, you can also usually get a form through the financial aid office at your school besides applying on the federal government's student aid website.


If i you have bad credit can my kid still get a student loan?

Yes, your kid can apply for financial aid themselves, even if they have no credit or bad credit. Federal financial aid does not look at credit rating or employment status.

Related Questions

Which type of financial aid does NOT begin to accrue interest until after a student graduates?

A subsidized loan


How do you get a loan for school?

Go to your college financial aid office and ask how to get a loan.


How can you file for financial aid if you own on a loan?

One of the basic student eligibility requirements for a student to receive financial aid is that s/he not be in default on a Federal student loan. As long as you don't have a defaulted Federal student loan, you should be fine to apply for financial aid. Go to www.fafsa.ed.gov. Good Luck!


Why do middle class students don't qualify for financial aid?

Financial aid is determined on a need based formula. In many instances there are students who's family income is too high to be considered for financial aid. Thus, there is the option of the student loan. However, unlike the financial aid grants, the loan must be paid back. Hopefully, someone with an expertise in financial aid will add to this, and give you a better or more informed answer.


What is financial aid for homeowners called?

home loan bank system


What is the type of educational financial aid that has to repaid?

Any types that are a federal or private loan. Grants such as pell grants aren't paid back.


Can you use federal financial aid as a source of income for a loan?

No, that is getting a loan with a loan. If anything it will count against your credit worthiness.


How would one apply for a direct finance loan?

Direct finance loans can be applied for at a branch of the bank where the funds are coming from. If the loan is needed for college financial aid, the online site Financial Aid can be helpful for a direct loan. Be sure to have proof of income and expenses handy when applying for any loan.


What would a student use a financial aid calculator for?

A financial aid calculator would allow a student to calculate what sort of benefits or grants, such as a Pell loan, the would be entitled to. Studentaid.ed.gov is a site that offers a financial aid calculator.


Where can you get a student loan for tattooing school in Oregon?

A private loan from a bank, sure, but not from the federal gov't in form of financial aid.


Can you get financial aid if you attend the art institute of Philadelphia?

Yes, financial aid is available. Student loans such as the PLUS loan are available for all new and returning students.


Do college financial aid offices have access to my financial aid history?

If they participate in federal student aid they can see your federal grant and loan history, yes. They need access to this in order to determine your eligibility.