Sentences with phrase «other federal student loans»

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.

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

Like other federal student loan repayment programs eligible for forgiveness, any amount dissolved is taxable as income to the borrower.

Like other federal student loan repayment programs eligible for forgiveness, any amount dissolved is taxable as income to the borrower.

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.

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

Additionally, rates for Direct PLUS student loans are higher than what you'll see for other federal student loans.

All Direct Loans, Stafford Loans, and Graduate PLUS borrowers are eligible for REPAYE, as well as other federal student loans that are consolidated into Direct Loans.

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.

Perkins loans are different from other federal student loans in that participating schools receive a limited amount of Perkins money to lend to students.

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

Other federal student loan forms are available on the Department of Education's Student Aid web site.

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

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.

Especially if you have other federal student loans besides HEAL program loans, Ameritech Financial can help you explore your options.

PLUS loans differ from other federal student loans considerably.

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.

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

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

All Direct Loans, Stafford Loans, and Graduate PLUS borrowers are eligible for REPAYE, as well as other federal student loans that are consolidated into Direct Loans.

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.

Loans made under other federal student loan programs, like Perkins Loans, aren't eligible for PSLF on their own.

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.

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.

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.

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.

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.

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.

Note that loans made under other federal student loan programs may become eligible for PSLF if they're consolidated into a Direct Consolidation Loan, but only payments toward that consolidated loan will count toward the 120 - payment requirement.

Parent Plus loans have higher interest rates and lesser flexibility compared to other federal student loans.

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