Sentences with phrase «longer than federal loans»

Repayment can also be deferred and payment schedules can last longer than federal loans.

Not exact matches

A couple of benefits for federal short - term loans are that they tend to have better interest rates than longer - term loan obligations regardless of whether it's for business, education or a home purchase.

This effectively means that federal loans are bought out, but the repayments are over a longer period of time (perhaps 30 years) and at a fixed interest rate to ensure the process of clearing college debts involves the lowest possible monthly repayments - in some cases 50 % lower than initial terms.

«We held on to the portfolio longer than many federal loan servicers to give more people the opportunity to pay off their federal student loans.»

Under current law, only students with an expected family contribution (EFC)-- the amount that the federal government expects a family to pay toward the student's postsecondary education expenses — of less than about $ 5,200 are eligible for a Pell grant, whereas recipients of subsidized loans may have a larger EFC, as long as it is less than their estimated tuition, room, board, and other costs of attendance not covered by other aid received.

Compared side by side, a private student loan can become much more of a long - term burden for students than federal loans.

Navy Federal is a good choice for borrowers who qualify for both PenFed and Navy Federal membership, but desire longer loan terms than allowed by PenFed.

Currently, the Federal Housing Administration requires homeowners to pay annual MIP so long as their loan - to - value is greater than 78 percent, where «value» is equal to the last known value of the home.

Specifically, Federal law sets lifetime limits on the amount of grant and subsidized loan assistance students may receive: Federal Pell Grants may be received only for the equivalent of 12 semesters of full - time attendance, and Federal subsidized loans may be received for no longer than 150 percent of the published program length.

Terms start at 10 years, and you don't have to start paying it back until nine months after graduation, which means three extra months longer than other federal loans.

Because the Federal government insures the loan program, added documentation is needed, causing the process to take longer than conventional loan approval potentially....

Although law school is expensive and most law students graduate with significant student loan debt, reducing the costs that are within your control, choosing federal over private loans, and understanding your repayment options will go a long way toward successfully managing your debt.Ideally, your total debt would be less than