RELATED: Student loan forgiveness | What is a Pell grant and how will Biden's program impact recipients? Under Biden’s plan, PELL grant recipients will have up to $20,000 in student loan debt erased. What kind of loan do I have? If you’re still not sure what kind of l...
What type of loan do I have?If you have a loan that likely won’t accrue interest during deferment, such as a federallysubsidizedor Perkins loan, deferment may be right for you. But if you have an unsubsidized, private or other type of loan that continues accruing interest, it’s worth...
Student loans are a type of installment loan. You borrow money from the U.S. Department of Education (ED), a state government, or a private lender and pay it back in regular monthly installments over a fixed period. This makes them akin to apersonal loan. However, unlike a personal loan...
At that point, your loan will transition from delinquency to default on a timeline that depends on the type of student loans you have. Withfederal student loans, your loan is usually considered in default when you don’t make your scheduled payments for 270 days. One exception is Perkins Lo...
Additionally, if you have a vehicle, your student loans can also be used for car maintenance and repairs. Regular oil changes, tire rotations, and other necessary maintenance expenses can be funded through your loan to keep your vehicle in good working condition. ...
I'm a student here. International business manager is my mother. Making introductions. Giving greetings. First meeting. Introducing others. May I present introduce the most formal. Allow me to introduce. I'd like to introduce. May I introduce. I'd like to meet. Do you know. Have you ...
Learn everything you need to know about student loans with this Student Loans 101 guide. From loan basics to how to pay off your loan, we have you covered.
Passing a credit check:Some types of qualified student loans, such as Federal Direct PLUS Loans, require borrowers topass a credit check. However, many federal student loans do not have strict credit requirements, making them accessible to borrowers with limited credit history or lower credit score...
When deciding whether to pursue student loan deferment, you should ask yourself the following questions: Do I have subsidized federal loans or Perkins Loans?Interest on federally subsidized loans andPerkins Loansdoes not accrue during the deferment period. If your loans areunsubsidized federal loansor...
A deferment period is an amount of time where a borrower isn't required to repay their loan's principal or interest. Deferment periods vary based on the type of loan; student loans can only be deferred for up to three years. Depending on the type of student loan, you may still have to...