Sentences with phrase «borrowed student loan money»

Question: Dear Steve, I started my nursing training in WY and borrowed student loan money there.

I started my nursing training in WY and borrowed student loan money there.

Not exact matches

«Secondly, they're borrowing to finance cars and trucks because most Canadians just don't have the money to pay for a vehicle outright anymore, and finally, for student loans, which is another big - ticket item that if they haven't saved for a few years, they will have to get loans for.»

A federal student loan is borrowed money you must repay with interest.

Student loan interest rates are the price you pay to borrow money.

This is because most private student loan lenders offer extended repayment plans and variable interest rates that seem lower at the onset of a loan refinance, saving borrowers money on their monthly payment as well as on the total cost of borrowing over time.

So if you borrow money to buy a house or a car, if you take out a student loan to pay for college, or if you borrow in a personal loan, you don't count that as income.

Many students borrow a little more money than is necessary to pay for tuition and books, according to Student Loan Report.

When it comes to covering education expenses, one option is to borrow the money through the use of student loans.

Given a limited amount of money for student aid, the Secretary said, lawmakers have two options: concentrate grant dollars on the poorest students, thus forcing middle - income students to borrow to attend college; or bring more middle - income students into the grant - recipient pool and risk discouraging low - income students from college because they fear taking out loans.

If a student, borrowing money to upgrade their skills through a four - year college program, can not earn a reasonable return on that investment and repay the debt within four years of graduation, then the loan should be able to be discharged in a bankruptcy or proposal.

Set Money Aside: Even though you're borrowing money to spend on all of your student finances, if you have any money leftover each month after your loan, it's important not to get careless with your Money Aside: Even though you're borrowing money to spend on all of your student finances, if you have any money leftover each month after your loan, it's important not to get careless with your money to spend on all of your student finances, if you have any money leftover each month after your loan, it's important not to get careless with your money leftover each month after your loan, it's important not to get careless with your cash.

For example, if you want to earn more money and potentially reduce your need for student loans (or reduce the amount that you borrow), then you could consider working more hours.

At all times, you should be looking for ways to cut your college expenses so that you need to borrow less money in student loans.

In the United States, there are predominantly two ways students can borrow money to fund their higher education: federal student loans and private stud ent loan s. Those two categories make up most students» options, although some people are fortunate enough to get a low - interest or no - interest loan from and family members.

The first step to saving money on your student loans is to only borrow what you need to cover your college costs.

The money borrowed must be a commercial student loan used exclusively for education - related expenses and the borrower needs to be enrolled at least half - time to qualify.

In the student loans scene, applicants are probably torn where to borrow money between Chase student loans vs. Citibank student loans.

Loans consist of money that the student borrows to help pay for college, and must be repaid with interest.

Just because you don't have the money saved up to pay for your living expenses doesn't mean should you borrow it with student loans.

In order to deal with all the costs associated with going to college, many students need to borrow extra money to help cover living expenses and that makes it even more difficult for them to repay their loans after they graduate.

The loan you've co-signed for can show up on your credit report, just like any other debt you have... As a result, the loan you've co-signed for can increase the size of your outstanding debt — added to your mortgage, credit - card balances, car loan or student loans — when lenders are deciding whether to let you borrow more money.

Using leftover refund money, you can calculate the student loan you actually need and borrow less the following semester, or keep the refund money on standby in case of emergency.

Recently, the cost of new student loans got even steeper when Stafford Loan interest rates doubled from 3.4 percent interest, which it's been for the last two years, to 6.8 percent interest, meaning thousands of dollars in additional money owed by graduates for the same amount of money borrowed.

Called a «personal» loan for a good reason, the money you borrow can be spent towards personal expenses: anything from a vacation, to financing home improvements, gift shopping, paying for a wedding or big purchase, paring down student loan debt, or refinancing a credit card.

The problem with this approach is that while your children have the option to borrow money for college, you can't as easily take out loans to fund your retirement (and even if you could, they'd wind up being far more costly than your typical student loan).

Every student who takes out any federal student loan is required to complete «counseling sessions» before borrowing any money.

Research found that nearly 50 percent of black students who borrowed money in 2004 for a bachelor's degree program had defaulted on a federal student loan by 2016.

The first step to paying back your student loans as quickly as possible is to limit the amount of money that you borrow for college in the first place.

money when using a credit card than when paying with cash, and student loans operate on a similar premise of borrowed, invisible money.

Studies have shown that people will spend more money when using a credit card than when paying with cash, and student loans operate on a similar premise of borrowed, invisible money.

If you've got credit card debt, car loans, student loans, or money borrowed from friends and family, then it's time to face the facts and tally up what you owe.

If the amount your school determines is more than you actually need, you can also borrow less money - something that will come in handy if it is your goal to pay off your student loans faster.

If you are confident in your idea and could earn back many times the amount that you borrow from your student loan money (at a reasonable amount of risk anyway), then why not give it a shot?

I signed up for loans through my school and they used two student agency to borrow the money.

To be frank, since the government can not possibly track what exactly you are doing with the student loan money, you could (in theory) spend that borrowed money on anything you want (even though you did technically sign a promissory note to say that you would spend the money on college related expenses only).

According to American Student Assistance, about 60 percent of all college students borrow money annually and about 37 million students have outstanding balances on their loans.

Getting student loans means the ludicrous situation of borrowing money without actually knowing that you can make the monthly payments.

-- If you're looking for financial aid for college and need to borrow money, be sure to apply for scholarships, grants and federal student loans first.

Excludes students who transferred in and money borrowed at other institutions, students who did not graduate or who graduated with another degree or certificate but no bachelor's degree, as well as parent loans.

The interest rate on a student loan is the cost to borrow money.

If you use all your money to pay student loans and leave nothing for emergency, you may resort to borrowing when the needs arise.

You may not be able to help borrowing money to pay for school, but you do have control over how quickly you pay back your student loans.

Federal Direct Parent PLUS Loans («PLUS» stands for «Parent Loans for Undergraduate Students») allow parents to borrow money to help pay for their child's education.

If you can reduce your personal debt and manage your bills, you may be able to reduce the amount of student loan money you have to borrow.

If you accept a student loan without fully understanding the money you're borrowing, then there's no telling what the repercussions could be down the line.

Due to interest capitalization, a process where unpaid interest and loan fees are added to the outstanding principal balance of a loan, the amount of money you repay on a private student loan can be significantly more than the amount you borrowed.

Paying for college is expensive, especially if you need to borrow money through student loans to cover your expenses.

The rule is: free money first (scholarships and grants), then earned money (work - study), then borrowed money (federal student loans).

However, before applying for a federal student loan you need to understand fully the implications in borrowing money from the government and what benefits and drawbacks you will need to ponder in order to decide whether a federal student loan is the right loan for you or not.