Sentences with phrase «federal loan options for»

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If you do have good credit, private loans can be an option for covering school and living expenses that exceed your federal loan limits.

If this sounds like a good option for you, check out our complete guide to Income - Based Repayment for federal student loan borrowers below.

However, there are many other repayment options and consumer protections for federal student loans.

Be careful when refinancing; if you currently have federal loans, for example, you could be giving up benefits like access to deferment, forbearance, or income - driven repayment options if you refinance with a private lender.

Before you start to panic, there are some options for you to consider to make student loan repayment less of a hassle and that is through federal direct consolidation.

Federal Direct Consolidation is a great option for those students who are looking to combine their student loans into a single payment.

Loans under the new credit facility bear interest, at our option, at (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50 % and an adjusted LIBOR rate for a one - month interest period in each case plus a margin ranging from 0.00 % to 1.00 %, or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00 % to 2.00 %.

Consider ALL of your education financing options before you apply for student loans and federal aid.

This is only an option for loans that are serviced through the federal government.

However, if you lose your eligibility for federal student loans, that does not mean you are out of options.

This program is only available for certain types of federal loans and it is not an option for private loans.

Loans under the new credit facility bear interest, at the Company's option, at (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50 % and an adjusted LIBOR rate for a one - month interest period in each case plus a margin ranging from 0.00 % to 1.00 %, or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00 % to 2.00 %.

For more information on understanding your loan options, check out this article on federal versus private loans.

Loans under the credit facility bear interest, at the Company's option, at (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50 % and an adjusted LIBOR rate for a one - month interest period plus 1.00 %, in each case plus a margin ranging from 0.00 % to 0.75 % or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00 % to 1.75 %.

For example, federal loans can often be a better option for borrowing — even if you could get a lower interest rate on a private student loan — because federal loans have advantages private loans don't have, such as the opportunity to choose income - driven repayment plans or qualify for the Public Service Loan Forgiveness ProgrFor example, federal loans can often be a better option for borrowing — even if you could get a lower interest rate on a private student loan — because federal loans have advantages private loans don't have, such as the opportunity to choose income - driven repayment plans or qualify for the Public Service Loan Forgiveness Progrfor borrowing — even if you could get a lower interest rate on a private student loan — because federal loans have advantages private loans don't have, such as the opportunity to choose income - driven repayment plans or qualify for the Public Service Loan Forgiveness Progloan — because federal loans have advantages private loans don't have, such as the opportunity to choose income - driven repayment plans or qualify for the Public Service Loan Forgiveness Progrfor the Public Service Loan Forgiveness ProgLoan Forgiveness Program.

Borrowings under our credit facility bear interest at a per annum rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 %) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, LIBOR (but not less than 1.0 %) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeLoans, depending on our leverage ratio and on certain factors relating to this offering.

Although most borrowers choose to follow the 10 - year Standard Repayment Plan — a fixed monthly payment of at least $ 50 over the course of 10 years which is the default repayment plan for federal loans — there is an array of income - based repayment options available to fit everyone's needs.

Refinancing can be a great option for many borrowers with federal and private student loans that have above - average interest rates.

If you've exhausted your federal aid options and still need more money to pay for school, private student loans are another option.

In addition, private loans tend to offer fewer options for deferment and forbearance than federal loans.

Federal student loans have an option for borrowers to make payments based on their current income level.

The federal loans have more flexible repayment options and harsher penalties for default.

If you've already made qualifying payments on your Direct Loans, but also have federal student loans that are not eligible for PSLF, a good option may be to consolidate your other federal loans without including your Direct LLoans, but also have federal student loans that are not eligible for PSLF, a good option may be to consolidate your other federal loans without including your Direct Lloans that are not eligible for PSLF, a good option may be to consolidate your other federal loans without including your Direct Lloans without including your Direct LoansLoans.

Federal Housing Administration (FHA) loan: This government - insured loan may be a good option if you have limited income and funds for a down payment, and / or a lower credit score.

If you want to consolidate your private loans with your federal loans, refinancing might be a better option for you.

Here are the income - based repayment options you may have the option of choosing for your federal loans serviced with Great Lakes — visit this page to see which federal loans are eligible for which repayment options:

Some private lenders will allow for repayment plans similar to what the government offers, but keep in mind that, unlike for federal loans, they're not obligated to offer any breaks or alternative payment options.

Borrowings under our credit facility bear interest at a per annum rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeLoans, depending on our leverage ratio and on certain factors relating to this offering.

This is one of the best options to stay on the road to repayment for federal student loan borrowers.

There's no doubt that refinancing can be helpful for private student loan borrowers, but given the repayment flexibility and loan forgiveness options the federal government provides, it's a tougher decision to make regarding federal student loans.

Option 4 is to see if you qualify for a loan backed by the Federal Housing Administration.

For federal loans, consider IBR before options that postpone payment like forbearance or deferment.

Borrowings under the refinanced Credit Facility bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

The Federal Housing Administration (FHA) loan program is another good option for California first - time home buyers seeking a low down payment.

If you have already graduated or are getting ready to graduate, it's a good idea to know all of your repayment options for your federal Direct Loans.

While federal student loans come with flexible payment options, that isn't the case for private parent loans for college students.

Federal Direct Loans provide a low - interest option to pay for school.

The Income - Based Repayment Plan (IBR), one of the income - driven repayment options, is a program for borrowers with federal student loan debt who want... Read more

If eligible for a government loan, choosing the federal fixed rate option is best for those who have little credit history or a bad credit score.

An FHA home loan is a mortgage insured by the Federal Housing Administration that can be a great option for buyers who wish to put down less than 20 %.

For example, federal student loans typically offer more borrower protections and flexible repayment options compared to private loans, said Mark Kantrowitz, publisher of PrivateStudentLoans.guru.

Because of this, refinancing can be a good option for private student loan borrowers or for those with a combination of federal and private student loans.

For graduate and professional students, the federal government offers a separate option, called PLUS Loans.

Private lenders may offer programs similar to the flexible options for federal loans, but they are not required to do so.

For example, if you have federal student loan debt, then you can take advantage of options such as income - driven repayment plans.

Once federal options are exhausted, many students turn toward private student loans to pay for college.

The options for federal student loan borrowers can be good, but as the Consumer Financial Protection Bureau's many reports and recent lawsuit against Navie

Lawsuits filed against one of the nation's largest student loan servicers by the federal government's consumer watchdog and two states highlight the importance of knowing your options for repaying student loan debt.

For most students, it makes sense to maximize federal student loan options before taking out private student loans.

Again, shopping around for a rate quote and comparing it with a similar federal student loan will help you determine which option is better for you.