Sentences with phrase «terms than a federal loan»

When it comes to repayment plans, private loans often have shorter terms than a federal loan — many have five, seven, or ten year terms, which can mean higher payments than other federal programs.

Not exact matches

Borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

Although, in rare cases private student loans can offer a better interest rate than those available through the federal government, in most cases the interest rates and loan repayment terms available through federal loans are better for borrowers.

And while federal loans come with their own set of challenges and risks, all 1.37 million private loan borrowers are often subject to fewer protections and less flexible repayment plans than those offered under federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private student loan defaults, which is a dangerous financial place to be.

Borrowings under our credit facility bear interest at a per annum rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeLoans, depending on our leverage ratio and on certain factors relating to this offering.

In November 2013, Desert Newco refinanced the term loan, lowering the interest rates to either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the federal funds rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, with step - downs of up to 0.25 % depending on Desert Newco's credit ratings.

Borrowings under the refinanced Credit Facility bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

The interest rate was revised such that borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

If you are carrying student loans issued through FFEL (private funding) or Federal Direct loans, such as Stafford or Perkins, you are eligible to consolidate your loans under federal guidelines that will ensure a reasonable fixed rate (no higher than 8.25 %) and extended payment terms (10 to 20 Federal Direct loans, such as Stafford or Perkins, you are eligible to consolidate your loans under federal guidelines that will ensure a reasonable fixed rate (no higher than 8.25 %) and extended payment terms (10 to 20 federal guidelines that will ensure a reasonable fixed rate (no higher than 8.25 %) and extended payment terms (10 to 20 years).

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.

These loans are especially popular among military members so federal law was passed saying that service personnel and their families could not be charged interest rates higher than 36 % for a loan with a term of 181 days or less to repay.

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.

FHA Loans can offer much better loan terms than traditional mortgage loans because the loans are guaranteed by the federal government, so there is almost no risk invoLoans can offer much better loan terms than traditional mortgage loans because the loans are guaranteed by the federal government, so there is almost no risk involoans because the loans are guaranteed by the federal government, so there is almost no risk involoans are guaranteed by the federal government, so there is almost no risk involved.

The repayment options are less flexible than federal student loans (no income - based repayment options available), but the loan term can be extended beyond the standard 10 - year term.

While you may prefer one federal loan over another, you'll almost always get better terms than you would with a private loan.

However, since federal education loans are less expensive than and offer better terms than private student loans, you should exhaust your eligibility for federal student loans before resorting to private student loans.

The Federal Housing Administration (FHA), a government insurer of home loans, cut 50 basis points (0.50 %) from the annual premium for FHA backed loans with terms greater than 15 years.

The Know Before You Owe Act of 2012 would empower students to exhaust their Federal financial aid options, which are more reasonable than the terms of private loans.

Although, in rare cases private student loans can offer a better interest rate than those available through the federal government, in most cases the interest rates and loan repayment terms available through federal loans are better for borrowers.

While federal loans are often easier to obtain and can have better terms than private student loans, it is still necessary to know all of the benefits as well as challenges that may accompany them.

In short, federal student loans are much more forgiving in their terms than private ones.

Refinancing also means that you can merge your federal and private loans into one single payment, but you get offered a new interest rate as well — one that can be significantly lower than your current terms.

The maximum federal deduction, $ 2,500, has not changed since 2001, but between 2007 and 2016, student loan balances increased by 106 percent in real terms and the cost to the federal government of the deduction more than doubled — rising 107 percent, after adjusting for inflation.

And while federal loans come with their own set of challenges and risks, all 1.37 million private loan borrowers are often subject to fewer protections and less flexible repayment plans than those offered under federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private student loan defaults, which is a dangerous financial place to be.

Often, private student loans have higher interest rates than federal loans, but there are some available with good terms and competitive rates.

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

Student Loan Refinancing: Refinancing means that you merge your Federal and private loans into one single payment, but you get offered a new interest rate as well — one that can be significantly lower than your current terms.

Navy Federal offers a higher permitted loan amount up to 15 years, which is 10 years higher than PenFed's maximum term.

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.

For instance, an increase in the federal funds rate hits personal finances more in the realm of auto loans, credit cards, and personal loans (lending vehicles with five or fewer years to repay in most cases) than home loans and student loans (lending vehicles with extended repayment terms over a decade or more).

Federal statistics show banks are making plenty of offers, but relatively few of those loan changes are being made permanent of the more than 1 million homeowners who have started the required three - month trial period, only 116,000 have had their new terms made permanent.

Start with federal loans, which are generally cheaper and more readily available, and which offer better repayment terms than private loans.

Federal loans are cheaper, more available and have better repayment terms than private student loans.

Parents can also take out Federal Parent PLUS Loans, which generally have much more favorable repayment terms than any other type of loan, and are easier to qualify for if credit is an issue for you.

The terms and conditions on a private student loan are usually less favorable than a federal loan.

Because consolidation combines all federal student loans into a single, larger loan, student borrowers can opt to extend repayment for more than the standard term of 10 years.

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.

If you have to borrow, federal student loans are cheaper, more available and have better repayment terms than private student loans.

If you have a mix of both private and federal loans, you'll probably want to prioritize paying off your private loans first, as the terms of these loans can be less generous and forgiving than federal loans.

Private loans generally have less generous terms, interest rates, and repayment options than federal loans.

They have very attractive terms, with low interest rates (over 15 up to 30 years) and they have a somewhat faster qualification process than Federal Housing Administration (FHA) and Veterans Administration (VA) loans.

The Federal Housing Finance Agency, which oversees mortgage finance giants Fannie Mae and Freddie Mac, announced that borrowers who are more than 90 days late on their mortgages will become automatically eligible for a modification to the terms of the home loan.