Borrowers who have extenuating circumstances may be eligible for new
loan in a shorter timeframe».
You might also prefer variable rate loans because you plan to pay off
your loan in a short timeframe, such as 10 years or less.
Not exact matches
Private student
loans typically have a much
shorter timeframe — it could be three months of missed payments for a borrower to be
in default.
Refinancing can also be a good choice if you want to reduce your
loan term from a 30 - year
loan to a 10 -, 15 - or 20 - year
loan in order to pay it off
in full faster — although even with lower rates, your payments are likely to be higher because of the
shorter timeframe to repay the
loan.
Find you the right student
loan program that will provide you with the biggest reduction
in your monthly payment and
loan forgiveness
in the
shortest possible
timeframe.
This means that if you can afford to repay the
loan within a
shorter timeframe it'll cost you less
in interest, but you also have the option of spreading the cost and reducing the size of the regular repayments if necessary.
It's nice to know
in a
short timeframe if the
loan is not something they can do.