Sentences with phrase «n't federal and private loans»

And aren't federal and private loans pretty much the same?

Not exact matches

If a combination of these non-loan options aren't enough to cover your costs, first consider federal loans, and then private loans.

Federal loans offer borrowers many benefits and protections — such as loan deferment, forgiveness and repayment options — that private lenders generally can't match.

Federal student loans include many benefits (such as fixed interest rates and income - driven repayment plans) not typically offered with private loans.

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

Right now, ISAs are not meant to replace federal loans or the FAFSA, but instead help cover the gap left when a student reaches the federal loan maximum and doesn't want to take out a private loan.

While you can't shop around to find a lower student loan interest rate for federal loans since rates are fixed, you can — and should — shop around to find the best rate if you take out private loans.

For existing private and federal student loans with a fixed interest rate, interest rates will not budge.

However, because refinancing takes place with a private lender and not the federal government, you can refinance a consolidated loan, as long as you refinance the entire amount.

Unlike a lender, Great Lakes does not initiate any of the loans it services, but rather acts as the intermediary and guarantor between the borrower (you) and lender (the federal government or a private company, depending on your loan type) once the loan enters repayment.

The company actually services both private and federal loans, so the type of loan you have won't change once you start paying it off with Great Lakes.

You can not consolidate federal and private student loans together into a Federal Direct Consolidatiofederal and private student loans together into a Federal Direct ConsolidatioFederal Direct Consolidation Loan.

Private student loans don't have to offer the same borrower protections and repayment options as federal student loans.

First, the interest rates applied to private student loans are set by the lender, not the federal government, and may be either fixed or variable.

SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE.

Unlike federal student loans, your private (non-federal) loans don't have a common set of consumer protections when it comes to deferment and forbearance.

Other factors to consider when comparing federal and private student loans include borrower benefits not offered by private lenders, such as access to income - driven repayment programs and the potential to qualify for loan forgiveness.

Have private or federal student loans (personal lines of credit and other non-student loan sources of debt will not be forgiven)

Private student loan repayment terms again differ by the lender, and there are not as many repayment options as with federal loans.

Plus, if you aren't sure whether your credit and income will stand up to the scrutiny of private lenders, a federal loan could provide you with the money you need.

Student loans were also excluded because our data did not account for the differences between federal and private loans.

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.

Federal student loans offer borrowers protections and alternative repayment options that private loans may not, such as income - based repayment and forgiveness programs.

Unlike private student loans, federal direct student loans don't require credit history or a co-signer, and they have more repayment options and protections to prevent default.

Many Americans turn to the private student loan market to find the financial means to further their education.Private student loans often come with higher interest rates and less flexibility than federal student loans, but that doesn't mean you are left stranded.

Both federal and private student loans offer a way to pay for education costs when savings, scholarships, and other forms of funding are not available, but they differ in several ways.Federal student loans...

While you can not consolidate federal and private student loans together into a Federal Direct Consolidation Loan — since only federal loans are eligible for consolidation — you can refinance federal and private loans tofederal and private student loans together into a Federal Direct Consolidation Loan — since only federal loans are eligible for consolidation — you can refinance federal and private loans toFederal Direct Consolidation Loan — since only federal loans are eligible for consolidation — you can refinance federal and private loans tofederal loans are eligible for consolidation — you can refinance federal and private loans tofederal and private loans together.

The ability to make a payment towards loans while in school has been available for both federal and private loans, but generally not promoted by private student loan providers, with most student borrowers electing to defer loan payments until after graduation.

In addition to the activities described above, the FAST Act expanded eligible purposes to include financing economic development, including commercial and residential development, and related infrastructure and activities, that (i) incorporate private investment, (ii) is physically or functionally related to a passenger rail station or multimodal station that includes rail service, (iii) has a high probability of the applicant commencing the contracting process for construction not later than 90 days after the date on which the RRIF loan or loan guarantee is obligated, and (iv) has a high probability of reducing the need for financial assistance under any other Federal program for the relevant passenger rail station or service by increasing ridership, tenant lease payments, or other activities that generate revenue exceeding costs (Transit - Oriented Development Projects or TOD Projects).

Max out federal student loans before using private ones, because federal loans have more borrower protections and don't require a co-signer.

Federal loans don't require a credit history or a co-signer, and they offer more generous protections for borrowers than private student loans do, such as income - driven repayment and loan forgiveness.

Private student loans, or ones that are given out by banks and private lenders as opposed to the more lenient federal aid, can be a burden if you don't read the finePrivate student loans, or ones that are given out by banks and private lenders as opposed to the more lenient federal aid, can be a burden if you don't read the fineprivate lenders as opposed to the more lenient federal aid, can be a burden if you don't read the fine print.

If you're currently paying high interest rates on your federal and private student loans, you could take advantage of lower interest rates that may not have been available to you a few years ago.

How come with DeVry they only have to pay back private loans and not federal?

The forbearance or stopped collections will affect all of a borrower's federal loans that are serviced by a federal loan servicer (or defaulted and serviced by a private collection agency), including loans that are not eligible for a borrower defense to repayment loan discharge, such as loans taken out to attend a different institution than the one related to your application.

The routine uses of this information include, but are not limited to, its disclosure to federal, state, or local agencies, to private parties such as relatives, present and former employers, business and personal associates, to consumer reporting agencies, to financial and educational institutions, and to guaranty agencies in order to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan, to permit the servicing or collection of your loan (s), to enforce the terms of the loan (s), to investigate possible fraud and to verify compliance with federal student financial aid program regulations, or to locate you if you become delinquent in your loan payments or if you default.

The Federal Housing Administration (FHA)-- A United States government agency that insures loans made by banks and private lenders, including AAG (though it is important to note that these lenders are not government entities).

Deferment and forbearance are only available for federal loans, not private ones.

Because private institutions offer these types of loans, they — and not the federal government — are in control of the fees they get to charge student borrowers.

If free funds, like scholarships and grants, and federal student loans aren't enough to pay for your education, IHMVCU offers an alternative to predatory private student loans.

Private loans have much higher interest rates and less flexible repayment plans — for example, federal loans offer income - based repayment plans, which take into account your salary when calculating payments — while most private loans Private loans have much higher interest rates and less flexible repayment plans — for example, federal loans offer income - based repayment plans, which take into account your salary when calculating payments — while most private loans private loans do not.

If you use federal loans to pay for most of your schooling and private to cover the final amount, interest won't affect you all too much.

Many students find that federal loans do not cover all the costs of attending college and will supplement them with private loans.

I assume were are talking about private student loans here and not federal student loans being serviced by Sallie Mae.

At this time, both private and federal student loan payments are not eligible for a Debt Management Program.

Every student's and every family's situation is different — so if federal student loans, grants, scholarships, and savings can't cover all of your costs, then you might have to turn to a private student loan.

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

This refers to the total amount of student loan debt you carry, including federal loans that are not part of your graduated payment plan and any private student loans.

Federal loan deferments and forbearances won't apply to private loans.

However, private loans don't offer the same benefits as federal student loans, such as forgiveness, fixed rates, and income - driven repayment plans.