Sentences with phrase «certain federal and private loans»

Not exact matches

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

This is because federal student loans come with certain borrower benefits that you would lose if you chose to refinance federal and private loans together.

In addition, federal student loans have flexible repayment options, like Income - Driven Repayment and certain deferment or forbearance options, that might not be available when you refinance with a private student lender.

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

And before you consider bankruptcy, be forewarned - while certain private student loans may be discharged under the bankruptcy code, no federal student loan will be.

This is because federal student loans come with certain borrower benefits that you would lose if you chose to refinance federal and private loans together.

In areas where there is a high demand for workers in certain areas, the federal government, state governments or even a private institution may give grants to go to college and / or loan forgiveness in exchange for working in a particular area for a predetermined amount of time.

And while most private lenders will only refinance private loans, a few, including SoFi, will refinance both private and federal student loans, so you can consolidate all of your loans into one with certain lenders, but that's a bad idAnd while most private lenders will only refinance private loans, a few, including SoFi, will refinance both private and federal student loans, so you can consolidate all of your loans into one with certain lenders, but that's a bad idand federal student loans, so you can consolidate all of your loans into one with certain lenders, but that's a bad idea.

Refinancing is a big decision — especially if you have federal student loans, since you'll lose certain benefits and protections if you switch to a private lender — but it can be a good idea if you're looking for a more responsive and helpful servicer.

While it's not possible to use the federal loan consolidation program to combine your federal and private loans, it is possible to consolidate federal and private loans with certain private lenders.

The federal government would be able to assume certain loans issued by private lenders, which supporters claimed would benefit borrowers and bring in additional revenue for the government.

If you have a federal loan and you refinance with a private provider, you'll be giving up certain protections like the Public Service Loan Forgiveness Program and deferment and forbearaloan and you refinance with a private provider, you'll be giving up certain protections like the Public Service Loan Forgiveness Program and deferment and forbearaLoan Forgiveness Program and deferment and forbearance.

Most lenders that specialize in student loan refinancing will refinance both federal loans and private loans, whereas certain big banks, like Wells Fargo, will only refinance your private student loans.

You may be eligible to refinance or consolidate private and federal student loans with the lenders in the Network if you meet certain requirements such as:

You can also choose to refinance your federal student loans together with your private loans, but you should be aware that you will lose certain protections and benefits that your federal student loans have if you refinance them with your private loans.

It is important to consider the federal benefits you will lose, such as forgiveness and certain repayment plans, if you refinance your federal loans with a private lender.

Megan, yes you can apply to refinance and consolidate federal and private loans together, but there are certain things to consider before refinancing federal loans — this post gives more information: https://www.sofi.com/blog/student-loan-smarts-consolidate-federal-private-loans/

Before you combine federal and private student loans, be aware that federal loans offer certain benefits and protections, such as Public Service Loan Forgiveness and income - driven repayment plans, which do not transfer to private lenders.

Also, note that refinancing federal student loans with a private lender means you lose access to certain programs and benefits.

Federal student loans offer certain options and benefits that many private lenders do not, such as deferments or forbearances that allow the borrower to temporarily reduce or defer payments if they enroll in school or experience financial hardship.

Fortunately, student loan refinancing programs, along with qualifying for certain rates, help borrowers by combining one or more federal and private student loans into a single loan with new terms, a new monthly payment amount, new repayment terms, and hopefully a lower interest rate.

The program applies only to certain direct federal loans, and not to private loans from banks and other non-federal lenders.

Although some forms of financial aid (such as scholarships and certain grants) award monetary support without requiring repayment, the bulk of today's students rely on federal or private loans to finance their education.