Sentences with phrase «other federal student loan»

They state, «You may have received loans under other federal student loan programs, such as the Federal Family Education Loan (FFEL) Program or the Federal Perkins Loan (Perkins Loan) Program.

The next benefit is that the interest rate for a Perkins Loan is only five percent, which is lower than other federal student loan options, like the Stafford Loan, Parent PLUS Loan, and Grad PLUS Loan.

Other federal student loan information was gathered on May 10, 2017 from studentaid.ed.gov.

Any remaining balance on the loan will be forgiven, but unlike the other Federal student loan forgiveness plans, you will owe taxes on the amount forgiven.

For this reason, if you've made qualifying PSLF payments on your Direct Loans and you're thinking of consolidating those loans into a Direct Consolidation Loan along with loans you received under other federal student loan programs, you should leave your Direct Loans out of the consolidation and consolidate only your loans from other federal student loan programs.

Although loan forgiveness under this program is available only for loans made and repaid under the Direct Loan Program, loans made under other federal student loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolidation Loan.

At present, parent PLUS borrowers already have fewer income - driven repayment options than other federal student loan borrowers.

There are a variety of other federal student loan forgiveness programs.

You may have received loans under other federal student loan programs, such as the Federal Family Education Loan (FFEL) Program or the Federal Perkins Loan (Perkins Loan) Program.

In this situation, you may want to leave your existing Direct Loans out of the consolidation and consolidate only your other federal student loans.

Parent PLUS Loans have high interest rates compared to other federal student loans and even cost more than some private student loans.

PLUS loans are a little different than other federal student loans.

For example, Perkins Loans are not eligible for the income - based repayment plans unless the borrower consolidates the loans with her other federal student loans.

All other federal student loans that are deferred will continue to accrue interest.

Credit history is taken into consideration when determining eligibility for PLUS loans, while it is not for other federal student loans.

Also, at that time, the forbearance or stopped collections period for any of your other federal student loans will end.

Parent PLUS borrowers who also have other federal student loans and choose to consolidate with Direct will find that the PLUS loan taints the entire consolidation loan and will mean that they will not be eligible to repay the consolidation loan using IBR.

Parent PLUS borrowers who also have other federal student loans and choose to consolidate with Direct will find that the PLUS loan taints the entire consolidation loan and will mean that they will not be eligible to repay the consolidation loan using income - driven repayment.

PLUS Loans can be consolidated with other federal student loans, but not private loans.

You should always consolidate them separately, if at all, to make sure that your other federal student loans remain eligible for the best income - driven repayment plans.

PLUS loans differ from other federal student loans considerably.

Parent PLUS loans differ from other federal student loans in that they require a strong credit history along with general eligibility requirements tied to receiving federal student aid.

What makes the Parent PLUS loan different from other federal student loans is that it's taken out by the parents, not the student; in fact, the student has no obligation to pay it back or deal with its maintenance.

As with other federal student loans, parent PLUS loan are eligible for different federal repayment plans, and forgiveness and cancellation programs.

Not exact matches

But none of the broken things would be fixed by Donald Trump's proposed budget, which does away with federal subsidization of interest on student loans and eliminates the program that forgives loans for people who enter public service (including teachers)-- among other education - related cuts.

Visit «My Federal Student Aid» to view information about all of the federal student loans and other financial aid you have received and to find contact information for the loan servicer for yourFederal Student Aid» to view information about all of the federal student loans and other financial aid you have received and to find contact information for the loan servicer for yourStudent Aid» to view information about all of the federal student loans and other financial aid you have received and to find contact information for the loan servicer for yourfederal student loans and other financial aid you have received and to find contact information for the loan servicer for yourstudent loans and other financial aid you have received and to find contact information for the loan servicer for your loans.

Other borrowers might have to consolidate federal student loans to become eligible for IDR.

There are two basic types of loans that you should know about: loans made by the federal government, and private student loans from banks or other private lenders.

However, there are many other repayment options and consumer protections for federal student loans.

All federal student loan interest rates are fixed, unlike other lenders who may offer a variable interest rate option to borrowers.

When there is a loss of job, disability, or other circumstance causing a financial hardship, federal student loan borrowers have the opportunity to request a forbearance or deferment of their payments for a set period.

Unlike federal student loans, private loans are funded by banks, credit unions, and other types of lenders.

If you have both Direct Loans and other types of federal student loans that you want to consolidate to take advantage of PSLF, it's important to understand that if you consolidate your existing Direct Loans with the other loans, you will lose credit for any qualifying PSLF payments you made on your Direct Loans before they were consolidLoans and other types of federal student loans that you want to consolidate to take advantage of PSLF, it's important to understand that if you consolidate your existing Direct Loans with the other loans, you will lose credit for any qualifying PSLF payments you made on your Direct Loans before they were consolidloans that you want to consolidate to take advantage of PSLF, it's important to understand that if you consolidate your existing Direct Loans with the other loans, you will lose credit for any qualifying PSLF payments you made on your Direct Loans before they were consolidLoans with the other loans, you will lose credit for any qualifying PSLF payments you made on your Direct Loans before they were consolidloans, you will lose credit for any qualifying PSLF payments you made on your Direct Loans before they were consolidLoans before they were consolidated.

The Department of Education, guaranty agencies, and other federal student lenders are required to send information about your loan to the three major credit bureaus (Experian, Equifax and TransUnion).

If you consolidate parent PLUS loans with other direct federal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDRfederal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDRFederal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plLoan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plloan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plans.

If you've already made qualifying payments on your Direct Loans, but also have federal student loans that are not eligible for PSLF, a good option may be to consolidate your other federal loans without including your Direct LLoans, but also have federal student loans that are not eligible for PSLF, a good option may be to consolidate your other federal loans without including your Direct Lloans that are not eligible for PSLF, a good option may be to consolidate your other federal loans without including your Direct Lloans without including your Direct LoansLoans.

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.

(For eligible attorneys) Provide supervision, education, or training of other persons providing prosecutor or public defender representation and must not be in default on repayment of any federal student loans

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

A debt collector seeking to recover a private student loan does not work for, represent, or collect on behalf of the U.S. Department of Education or any other branch of the federal government.

You may also be eligible for other benefits available to servicemembers, such as military deferment and Income - Based Repayment (IBR) for federal student loans.

Others are available to most federal student loan borrowers.

ICR is the only income - based plan available for Parent PLUS Loans, though it must be consolidated with other federal student debt using a Direct Consolidation Loan.

The simple answer is: If you've exhausted all other options such as federal aid, scholarships, and grants, and still have a gap in covering your costs, then consider private graduate student loans.

Anyone who might need an income - driven plan or other federal protection in the future might want to hold off on refinancing any federal student loans.

Refinancing, on the other hand, applies to both private and federal student loans.

In the meantime, there are still other avenues regarding federal student loans to find repayment relief to manage a student loan burden.

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...

In other words, under these plans you will not experience any negative amortization on your subsidized federal student loans for up to three years after graduating.

Private student loans are a means to an end when students have exhausted other forms of financial aid, including scholarships, grants, and federal student loans.