Archive for the ‘Student Loans’ Category
Repaying a Grant Overpayment Debt
Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Academic Competitiveness Grants and National Science and Mathematics Access to Retain Talent Grant (National SMART Grants). Once a school notifies you that you must repay part of a grant, you will have 45 days [...]
In: Student Loans · Tagged with: Grant Overpayment Debt, Repay Part of a Grant
Why You May Have to Repay Part of a Grant
Unlike loans, grants do not usually have to be repaid. However, there are two reasons why you may have to repay part of a Federal grant:
1) The amount given to you was more than you were eligible to receive (this is called an over-award). This can happen if the school makes an error when calculating [...]
In: Student Loans · Tagged with: Repay Part of a Grant, repay student loans,
Consolidate Private Student Loans
By Michael Wai W
Just to let you know, you are not the only graduate who has to deal with multiple private student loans. It is difficult to manage your financial condition with multiple loans on your back and other expenses to take care of. How can you remedy the situation? Have you ever thought of [...]
In: Student Loan Consolidation, Student Loans · Tagged with: cost of consolidation,, private student loan, Student Loan Consolidation
Bankruptcy and a Federal Student Loan
By Richard Shelmerdine
If you are looking for information on bankruptcy and a federal student loan then you have come to the right place. You may feel that your federal student loan is making your financial life hell at the moment but it does not have to be like that. Bankruptcy is and should always be [...]
In: Student Loan Default, Student Loans · Tagged with: repay student loans,, student loan status,
Refinance Your Student Loans
Article by: Sarah Russell
If you’ve recently graduated from college, you’ve probably been bombarded with mailings and advertisements urging you to refinance (or consolidate) your student loans right away. But wait, what is loan consolidation? And why should you do it?
If you’ve just graduated from college, you’ve probably got a number of different student loans, all [...]
In: Student Loan Consolidation, Student Loans · Tagged with: refinance student loans
Student Loan Cancellation & Discharge
All loans received under programs authorized by Title IV, of the Higher Education Act can be canceled for several different circumstances including: (1) in the event of your death; or (2) if you become totally and permanently disabled after the loan is disbursed.
In addition, some loan types may qualify for loan discharge under a variety [...]
In: Student Loans · Tagged with: loan discharge
Federal education loans that are eligible for consolidation into a Direct Consolidation Loan
The following federal education loans are eligible for consolidation into a Direct Consolidation Loan:
Direct Subsidized and Unsubsidized Loans
Federal Subsidized and Unsubsidized Stafford Loans
Direct PLUS Loans and Federal PLUS Loans
Direct Consolidation Loans and Federal Consolidation Loans
Guaranteed Student Loans
Federal Insured Student Loans
Supplemental Loans for Students
Auxiliary Loans to Assist Students
Federal Perkins Loans
National Direct Student Loans
National Defense Student Loans
Health [...]
In: Student Loan Consolidation, Student Loans · Tagged with: Student Loan Consolidation
Your student loan may be discharged (forgiven) if you become totally and permanently disabled
* Your student loan may be discharged (forgiven) if you become totally and permanently disabled. If a physician (doctor of medicine or osteopathy) certified that you are totally and permanently disabled and you meet other requirements during a 3 year conditional discharge period your loan(s) may be discharged. It is important to note that: You [...]
In: Student Loans · Tagged with: repay student loans,
What is Federal Pell Grant?
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor’s or a professional degree. (In some cases, however, a student enrolled in a post-baccalaureate teacher certification program might receive a Pell Grant.) Pell Grants are considered a [...]
In: Student Loans · Tagged with: federal pell grant,
What are Health Professions Loans?
Loan programs authorized by the Public Health Services Act and administered by the U.S. Department of Health and Human Services (HHS) rather than the U.S. Department of Education. Although health professions loans can be included in consolidation loans, borrowers should be aware of the advantages and disadvantages of consolidating these loan types because of the [...]
In: Student Loans · Tagged with: health profession loans,