Sentences with phrase «while federal loans»

While federal loans are forgiven if a borrower dies before paying them off, private loans aren't as easy to get rid of.

While federal loans might only give out enough to cover clear school - related expenses like tuition, private loans don't have these same requirements.

While all federal loans and some private loans offer a death discharge if the borrower dies, some private loan lenders might not.

While federal loans are rather forgiving, utilizing programs based on income - driven repayment or even forgiving the loan after a certain time period is not the same for private loans.

The truth is, while federal loans are disbursed to student to use for educational expenses, these identity thieves can in fact take the money and use it for other purposes.

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.

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.

While federal loans have set interest rates, private loans have variable interest rates, so it's important to factor that in.

While federal loans have mechanisms to tie payment levels to existing income, and some venues for loan consolidation and forgiveness, there are almost no «outs» with private loans, and educational debt can not be erased by bankruptcy.

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.

Generally speaking, only private student loans require a cosigner in certain situations, while federal loans do not.

This is because most private loans are covered by the Truth in Lending Act while federal loans are not.

While federal loans will not require you to pay any of your loan off while you are in school, private loans often require that you make payments while in school, which can be difficult for students to manage while also making time for school.

While federal loans have fixed rates, private loans can often have variable rates, meaning that they change as the market changes.

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.

While the federal loan program helps students from the full spectrum of income levels finance their education, the Pell Grant Program is targeted to families demonstrating financial need.

Unsecured loans are however great for financing additional college expenses while a federal loan or private student loan is used to finance the main college expenses.

While federal loan rates are standard across the board in a given year, private loans vary widely from lender to lender, which is why it's important to do careful research before choosing a servicer.

Not exact matches

And even the Federal Reserve's modest rate hikes have had an outsized impact on the bottom line of Bank of America, which pockets the extra interest it collects on loans while paying out much less on consumers» deposits (making money on the so - called spread).

And while Federal Reserve Senior Loan Officer Surveys indicate some easing of loan terms for small businesses has occurred, it hasn't occurred as much as terms were tightened during and after the financial crisis, she noLoan Officer Surveys indicate some easing of loan terms for small businesses has occurred, it hasn't occurred as much as terms were tightened during and after the financial crisis, she noloan terms for small businesses has occurred, it hasn't occurred as much as terms were tightened during and after the financial crisis, she noted.

Unsubsidized federal and private student loans usually accrue interest while you're still in school.

While private consolidation loans can be beneficial, there are significant drawbacks to consider — especially when consolidating federal loans with a private loan.

While it can be helpful to be able to have your parents borrow on your behalf, keep in mind that interest rates on PLUS loans are higher than on subsidized and unsubsidized federal direct student loans, and also carry a one - time loan fee of nearly 4.3 percent.

A loan based on financial need for which the federal government generally pays the interest that accrues while the borrower is in an in - school, grace, or deferment status, and during certain period...

• Subsidized federal loans accrue interest while you're in school and during your six - month grace period after leaving school, but the government pays the interest so it won't affect the total amount you owe at repayment.

While federal funds rate changes don't directly impact peer - to - peer (P2P) loan interest rates, lending platforms may begin increasing their rates.

While the reasoning for federal student loans remains the same, the loan programs of today look different.

A counterargument, however, is that while federal support may be warranted, the substantial revenues gained by eliminating or limiting the deduction could be used to provide direct support through federal grants and loans.

• Unsubsidized federal loans and deferred private loans will accrue interest while you're in school and during the six - month grace period.

While federal student loans can have an average student loan interest rate that is lower than private student loans, that is not always the case.

While it is advised that students only seek private loans after they've exhausted federal options, the reality is many find themselves taking out private loans when federal loans become scarce.

Interest will accrue daily on unsubsidized federal and private loans while you're in college.

This program only applies to federal loans, and only if the borrower has made 120 monthly payments while working for the government or a qualified non-profit.

It's important to note that while you don't have to begin making payments on most federal loans until after graduation unless your loans are subsidized, you'll begin racking up interest charges as soon as you take them out.

While the loans through the federal government are discharged (aka forgiven) if you were to die, personal loans that have a cosigner are generally not.

But why do I have such a low interest rate on my student loans while my ex, who consolidated his federal loans eight years after I did, pays an interest rate of about 5 %?

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.

While it's possible to get low rates with a private lender — perhaps better rates than what you would get with federal loans — it's important to realize that the low advertised rate isn't guaranteed.

While Navy Federal personal loans are only available to its members, we think the credit union is especially great for borrowers with average or fair credit.

And if you have any subsidized federal student loans, you do not accrue interest while you are still in school or during the grace period after graduation.

While private loans» interest rates are determined by market conditions, the U.S. Congress sets the interest rates for federal student loans.

While some programs require that people jump through hoops, borrowers only have to meet one of four criteria to qualify for economic hardship deferment on federal loans.

While refinancing federal or private student loan debt helps streamline the loan repayment process, borrowers are required to repay the loan based on the terms agreed upon at the time the funds are received.

Borrowers who have private student loans do not have the option to change their selected repayment plan after the loans have been dispersed, while federal student loan borrowers may request a change to their repayment program should their financial circumstances or needs change over time.

While federal student loan consolidation simplifies the repayment process, it does not offer a reduction in aggregate interest rate, nor does it lower the total cost of borrowing.

While federal direct consolidation is pretty straightforward, if you're interested in private student loan consolidation, or refinancing, it'll take a little more work.

All federal student loans and some private student loans have the benefit of de ferm ent while the borrower is still attending school at least half - time.

While student loan borrowers may think bankruptcy is an answer to getting out from under the weight of federal or private student loans, rarely is bankruptcy an option to discharge student loan balances.

While other federal education loans, such as the Stafford and PLUS loans, may charge some fees, the fees are always deducted from the disbursement check.

Refinancing might may a ton of sense for young software engineer just entering the industry, while a public defender or government employee could benefit in the long - run from maintaining their federal loans.