To qualify for a federal loan, you will need to complete and submit the government'sFree Application for Federal Student Aid (FAFSA). The FAFSA asks questions about the student's and parent's income, investments, and other relevant matters, such as whether the family has other children in c...
"Parent PLUS loans are the only type of federal student loan that a parent can take out for their student," she says. "Since there is an annual limit for federal undergraduate loans that can be taken out by the students under their names, Parent PLUS loans can be a great tool when the...
Parent loans may have very different terms fromstandard loans available to students, and your options for them can vary depending on whether you choose a federal or private parent loan. Start exploring whether this is a good option for you bycomparing today's student loan rates here now. What...
Methods to help students avoid delinquency or non-payment of their loans is discussed.CombePaulChronicle of Higher EducationPaul Combe. What the Federal Government Owes Student- Loan Borrowers. The Chronicle of Higher Education. A56,May 15,2009....
Freddie Mac (the Federal Home Loan Mortgage Corp.) is a government-sponsored enterprise that purchases, guarantees, and securitizes home loans.
A Perkins loan is a need-based student loan that had a fixed interest rate of 5% on a 10-year repayment period. The Perkins loan was subsidized by the federal government, which meant interest did not accrue during the nine-month grace period associated with the loan. Borrowers could choose...
"Our ISA program was designed as an alternative to private and federal Parent PLUS loans to bridge student financing gaps once other funding sources – such as scholarships, Pell Grants or federally subsidized loans – are exhausted," Mary-Claire Cartwright, Purdue University's ISA program ma...
Unpaid interest is cancelled REPAYE payments did not cover all of the interest on a loan each month. The government covers half of the unpaid interest and the rest mounts over time. This new rule applies to both subsidized and unsubsidized federal student loans. Under the new SAVE plan, any...
Can't claim the full Child Tax Credit? Find out if you qualify for the refundable Additional Child Tax Credit, which may allow you to get a tax refund even if your credit exceeds your tax liability.
They generally require a parent or guardian to co-sign the loan (or the prospective borrower needs to have an established credit record). They're mostly unsubsidized - you are responsible for the interest. They can be refinanced - but not consolidated under federal programs. ...