Thursday, October 1, 2009

Student Loans and Financial Aid

Can you use student loan money as a down payment on a house rather than use it to pay rent?

Using those funds on your new home will knock you into a different tax bracket and may jeopardize your chances of getting future...

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Does Sallie Mae base a student loan on income to debt credit and how much do people usually get on a student loan from them?

i actually worked for sallie mae as a student loan consultant. It depends on the type of loan that you are looking for. they all...

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Can you get a private student loan after filing bankruptcy and having a credit-worthy cosigner?

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If a third party makes payments on a student loan or donates money to help someone pay off his or her student loan debt is the dontation tax-deductible?

No. That's considered a gift, not a charitable donation. You might actually be liable for a gift tax.

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Will adding a second major affect your federal financial assistance?

If you are taking a double major it should have no affect. If you already have a bachelors degree, and now planning to the...

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Where can you get another student loan to pay your ex child support if you are a full-time college student and he won't let you talk to your kids unless you give him money?

In Wisconsin, I was told that faliure to pay child support and child visitation are two total and seperate issues. You can not...

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Student loan options for an F1 visa student with green card holder parents no credit need a cosigner with 2 yrs credit history?

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Is it true that single parents can go to college for free?

No it isin't true that single parents go to college for free.

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How can you get a grant to pay off your student loans?

Grants are awarded to students so they can afford a higher education, not to pay off existing studen loans.

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You have a Parent loan in your father's name your mother has been paying but is now disabled Do you qualify for loan forgiveness due to hardship with only one working parent?

Your mother is not a legal party to the loan in any way whatsoever. You or the borrower would have to be disabled.

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How much is the interest payment on an unsubsidized loan?

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If you have a student loan from Sallie Mae and you dropped out after two semesters do you still have to pay it back?

If it is a loan, you have to pay it back. If it's a grant or scholorship, you don't. Doesn't matter who you got the loan through.

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How could you obtain a college loan without a cosigner?

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Where could you get a student loan if you do not have a cosigner no credit and make minimum wage?

All you have to do is enroll in school and fill out a Free Aplication for Federal Student Aid (FAFSA) form. You can do this...

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What will happen if you leave the country and never pay back your student loans?

Well, Eventually, you will have to report income to some sort of government agency. When you file taxes, they will take what you...

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Can you move out to go to college without parental concent?

Hello:) I hope I can help you. This question is one that you will eventually have to answer on your own anyway. So let's try...

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How do you expunge a student loan?

If by "expunge" you mean remove it from a credit report, then you pay the debt owed or wait until it drops off the report after...

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What is the present value of us dollar?

100 cents.

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If you get a loan to go to one university and end up going to a smaller university do you need to let the lender know or can you use the difference for subsequent semesters?

In such circumstaces it is always best to call the lender. Within the UK leaders demand to know any changes of details (e.g....

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Can a student get a loan with bad credit history?

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What if your school does not accept federal supported loans?

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How can you apply for a loan without a good credit history and no cosigner and your parents cannot contribute due to financial constraints?

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Can you sue your parents if they made a verbal agreement to pay your student loans and now after paying for several years they are refusing to continue the payments?

No. Children cannot sue parents on the grounds that such an agreement was broken. The only situation in which a parent can...

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Can a 21-year-old apply for their own student loans if their parent refuses to disclose their income?

Yes, a person of such age is considered a legal adult in all U.S. states and therefore can enter into legal contracts such as...

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Is the APR of a student loan determined by the credit of the borrower or that of the cosigner?

The cosigner I believe but check with the loan issuers it's in the details.

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If student loans worth 82K and consisting of 51K principal and 15K interest and 16K fees are settled for 61K how much is reportable to the internal revenue service as income or gain?

I'm answering this presuming there is no difference in Student Debt to regular...and i can't see why there should be: Any...

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Is there a standard length of time to repay student loans?

10 years. However, students with large loans can get longer repayment terms.

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If a student loan was issued by a US bank to pay for studies at a Canadian university and you can't make the payments what is the worst case scenario?

They will assess huge fines for non-payment of your loan. The amount you owe my eventually double or even triple. Look at your...

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How can an International student get a student loan without a cosigner?

US banks offer loans to International student who does not have any cosigner You can search at - International Education...

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What would happen to the Stafford and Parent Plus loans if you want to switch colleges after a month of starting?

Most likely your monies that you have already received will not transfer. You will need to consult your financial aid office at...

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Are there any private student loans that do not require payments while in school?

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Will settling for less and paying off a school loan hurt your credit?

It depends on your contract and the terms of the payoff.

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What happens to student loans if the student dies?

The debt is thrown out as if it never existed, it does not under any circumstances get passed on to any relatives or significant...

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Where can you get a private student loan that is not based on tuition?

there are a couple of credit based companies that will give a private student loan to creditworthy student and a co-borrower such...

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Where can you get an additional student loan without a co-signer to pay child support so you can talk to and see your children when you are a full-time college student and cannot find a job?

You cannot get a student loan to pay child support, but child support is not an agreement of custody or visitation. If the judge...

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What is a billion?

It depends where you live. There are two systems for naming large numbers: the long scale and the short scale. The short scale...

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Can you get a student loan with no credit history in Florida?

I found the information you are looking for at this website: http://www.nls.org/benefits/stulon3.htm

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Do kids have to pay federal student loans when a parent dies?

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How do you get a loan with no co-signer no job and bad credit since this is why most of us are in school in the first place?

It is clear to me that no one is thinking. How am I to go to college fulltime and have a fulltime job. If I had a fulltime job...

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What happens if you drop courses with financial aide?

You have to pay any stuent loans, but not the grants.

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How can a student with bad credit pay for school if their financial aid was terminated?

Although you have bad credit there are still subsidized and unsubsidized government loans that are available at low interest.More details links.....

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