Student loans help students cover college expenses by allowing them to borrow money for tuition, housing, books, and other school-related costs. However, they must be repaid with interest, making it essential to understand how they work. There are two main types of student loans: federal studen...
A Perkins student loan was a type of student college loan made to students with exceptional financial need, based upon the student's FAFSA financial aid application. Funds were provided by the federal government for these loans. The interest rate for Perkins loans is 5%, and payments begin 9 ...
The U.S. Department of Education offers students several federal loan options to help pay for college. These loans are designed specifically for students.
Preparing for college isn’t easy for anyone, but as a student with a disability there are many more things to consider before heading off on your post-secondary education adventure. You must make sure that the school you’ve chosen will set you up for success and ready yourself for the i...
Anyone enrolled at least half-time at an eligible college or university can apply for federal student loans, provided that they haven’t borrowed the maximum limit and meet eligibility criteria. You could lose your eligibility for federal loans in certain circumstances, including: Failure to maintain...
In 1976, Congress prohibited writing off education loans through bankruptcy for five years after graduation, and a 2005 provision made it nearly impossible to use bankruptcy to discharge any college loans, including ones not guaranteed by the federal government. Even so, rising student debt and ...
Federal Student Loans: 9 Benefits of Borrowing From the Government Government student loans, known as federal student loans, are your go-to option to borrow money for college.Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take...
Union Federal Private Student Loans welcome everyone, including international students. Configure your loan and get your rate in minutes with no obligation and no fees.
Many college graduates come out with tens of thousands of dollars in debt. Sarah WoodOct. 21, 2024 2024 Student Loan Repayment Survey Missed student loan payments will soon begin showing up on borrowers' credit reports for the first time since March 2020, but many aren't aware of this impen...
The most common sources of private student loans, on the other hand, are banks and credit unions. Experts advise students to only take out private loans as a last resort, as they're generally less flexible than federal loans. Related: How Much Student Loan Debt Does the Av...