Sentences with phrase «granted early repayment»
Perkins Loans can be granted early repayment status because of 484 (c)(4).
http://www.finaid.org/
The early repayment status loophole also limits competition, because the holder of a continuing student's loans is under no obligation to grant early repayment status.
Clearly, if the holder of the loans is refusing to grant early repayment status, the holder is also refusing to consolidate the loans, and thereby enables a third party lender to consolidate the loans of the eligible borrower.
However, if the borrower needs to consolidate a Perkins Loan in order to bypass a lender who refuses to grant early repayment status, it is financially worthwhile to do so if the Stafford Loan balance is significantly greater than the Perkins Loan balance (i.e., at least 2 - 3 times greater).
Not exact matches
They include scholarships, fellowships, grants and tuition reductions; tax credits; student loan interest deduction; student loan cancelations and repayment assistance; tuition and fees deduction; Coverdell Education Savings Account; qualified tuition program; and the educational exception to early IRA distributions.