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You never have any student loans left once you are retired. This is because your student loans need to be paid off when you are 50 years (or sooner if possible). If you are granted a student loan you will be told this and they will help you set up a payment plan.
PS: This is how it works in Sweden where I live. Since I don't know where you live I can't specifically help you, but I assume that its equal in many other countries.
In the USA, a Federal student loan must be repaid, whether you are retired or not. There is no statute of limitations on Federal student loans, unless you are signed up to the IBR repayment program. If IBR, then a limitation of 25 years is in place.
What else can I help you with?
How do I transfer a Parent PLUS loan to the student?
To transfer a Parent PLUS loan to the student, the parent and student must contact the loan servicer to request a transfer of responsibility. The student will need to meet certain eligibility requirements and undergo a credit check. Once approved, the loan will be transferred to the student's name, and they will be responsible for repayment.
How do you find out what your outstanding student loan is?
You'll need to find out what lending institution has taken over your student loan. Once you know who you owe to, just call them.
Can you use your student loan for buying a car?
Yes in theory you can, once you receive your student loan as a lump sum you can use it for whatever purpose. But it is not wise due to the risk of your education.
Where can one get in the UK consolidated student loans?
Student loans cannot be consolidated in the UK as the repayments are deducted in a different way to that of a 'normal' loan. Repayments on a student loan would be deducted from one's wages once employed and earning a certain salary.
What is the process for student loan origination?
The process for student loan origination involves applying for a loan, completing the necessary paperwork, undergoing a credit check, and receiving approval from the lender. Once approved, the loan is disbursed to the school to cover tuition and other expenses. The borrower then begins repaying the loan after graduation or leaving school.
How do I transfer a Parent PLUS loan to the student?
To transfer a Parent PLUS loan to the student, the parent and student must contact the loan servicer to request a transfer of responsibility. The student will need to meet certain eligibility requirements and undergo a credit check. Once approved, the loan will be transferred to the student's name, and they will be responsible for repayment.
How do you find out what your outstanding student loan is?
You'll need to find out what lending institution has taken over your student loan. Once you know who you owe to, just call them.
What is the purpose of direct loan?
A direct loan is a student loan that is made to the student directly by the federal government, which then subsidizes the interest on the loan while the student is in school. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
In Florida can a student loan be rehabilated once wage garnishment has began?
No, it cannot.
Can you use your student loan for buying a car?
Yes in theory you can, once you receive your student loan as a lump sum you can use it for whatever purpose. But it is not wise due to the risk of your education.
Are direct loans a smart choice?
A direct loan is a student loan that is made to the student directly by the federal government. There is no secondary lender in the middle of the transaction. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
If your student loan was in default but you are in a rehab program that will make your loan current once finished how much will your score increase?
The Student Loan GUY @ http://www.studentloanfundamentals.com Your Student Loan will become "Current" on your credit report. Now figuring out the score is hard because it depends on the rest of your financial situation. It depends on what you have on the credit report.
Where can one get in the UK consolidated student loans?
Student loans cannot be consolidated in the UK as the repayments are deducted in a different way to that of a 'normal' loan. Repayments on a student loan would be deducted from one's wages once employed and earning a certain salary.
What is the process for student loan origination?
The process for student loan origination involves applying for a loan, completing the necessary paperwork, undergoing a credit check, and receiving approval from the lender. Once approved, the loan is disbursed to the school to cover tuition and other expenses. The borrower then begins repaying the loan after graduation or leaving school.
Who can help you to get a 100 percent free and easy student loan?
I don't think there are 100% free and easy student loan out there. You have to repay once you graduate. You can get free money from financial aid if you meet the requirements though.
Can you pay off a private student loan all at once within the same year that you took the loan out?
If it was drawn up as a "simple interest loan" you can pay it off in full at any time.
How long does it take to be accepted for a Sallie Mae student loan once it reaches the certification in process stage?
It may depend on a few hours or a few weeks to be accepted for a Sallie May student loan. Once it reaches the Certification process stage its all just a matter of time.
