|
|||
what events can trigger, or accelerate the anticipated repayment start date, of student loans?Edwards Finance > Student Loan Q. In addition to graduation, what events can trigger, or accelerate the anticipated repayment start date, of student loans? I thought I recalled reading somewhere that a lender can require you to start repaying your student loans if you fail to make satisfactory progress, even if it doesn't specifically state this in the promissory note. A. -The repayment process of your student loan begins was you cease being enrolled at 1/2 time status or graduate. Satisfactory academic process does not play a role in the repayment; however, if you fail to meet your school's SAP guidelines you can be denied additional financial aid. -if you drop below part time (less than 6 units) or do not attend school for more than 6 months they can require you to start repaying your student loans. i am also pretty sure that they reqire you to keep a C average or satisfactory grades but i am not posative. -As long as you are enrolled at least 1/2 time (full-time for students who have pre 1987 (I think) loans) then your loan can be deferred. Once you drop below 1/2 time status or graduate then you lender will put you into the repayment process. Satisfactory progress only affects your ability to receive new aid. If you don't meet the schools minimum standards you can still attend and have your previous loans deferred, you just have to pay tuition out of your own pocket.
Other Questions: Is it true that one can take tax Deduction for Student Loan on tution fees? If so, what is the amount?-Income tax deduction? No, not really. Educational expenses are only deductible if they maintain present skills for present employment. Educat... Student loan questionsI currently have ~$32,000 in student loans (most of which has been in forbearance for a year and is scheduled to start payment in Feb.). I am looking at the many different federal student loan consolidation options and am noticing that they are... Suny Student LoanI'm trying to convince my daughter to consider a NY State school. I don't want to brow beat her into going to a state school...so can anyone give me some input about NY State schools...anyone at one or with kids at one having a good experience ... The Student Loan Corporation,they have an option to consolidate my loans?I have two sets of student loans. One set are consolidated stafford loans for a total of about 55K at 4.125% interest. The second set are private loans for a total of about 47K which are at 4 and 5% interest. My monthly payments work out to a... student loans and bankruptcy timingI think I have a fairly good chance of having my $45,000 in student loans discharged in a bankruptcy. I'm currently disabled (severe depression) and unlikely to be able to repay the loans in the future. But, of course, you never know what a pa...
|
Ask a Question PFBlog Credit Card Repossess Student Loan Refinance Computer Engineering Credit Report Credit Check |
||
|
Copyright 2005 Finance Q&A |
|||