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Welcome to StudentFinAidInfoStudentFinAidInfo - Financial Aid FAQ, Stafford Loans, Repay Stafford Loan Question: How hard is it to get a Stafford loan for community college?
OK I am one payment behind on aprevious loan. how much will that affect it?It is not very difficult at all. Your first step is to fill ...
It is not very difficult at all. Your first step is to fill out the FAFSA. That will determine if you're eligible for an interest free (subsidized) or non interest free (unsubsidized) Stafford loan. Then, your school might have some additional paperwork for you to complete.
Almost everyone is eligible for stafford loans. There is no credit check. As long as you haven't borrowed over the maximum limit of federal loans, you're making on time payments to any current federal loan, you're not in active bankruptcy, and you haven't been convicted of sales or possession of illegal drugs, you are eligible for federal (stafford) loans.It is not difficult to get a Stafford loan for community ...
It is not difficult to get a Stafford loan for community college. Depending upon your circumstances, you can go for Subsidized or Unsubsidized Stafford Loan. If you want detailed information you can browse through : http://www.communitycollegereview.com/Community_College_Loans.phpQuestion: Hey I am in a community college and they say the max stafford you can get in a year is 3500 for my year?
i AM JUST COMING IN THE spring semester can I request that total 3500 in that one semester? If not they only awarded me 850 for this semester can I request more?The answer is no
The answer is noThe answer would depend on if you went to school anywhere ...
The answer would depend on if you went to school anywhere prior to coming to this community college. The maximum you can receive for a loan period is $3500, but that amount would be reduced if you received any federal loans in the fall or summer.
If you haven't gone to school anywhere prior to this spring, then yes, you could technically take out the full $3500 for this spring and possibly summer if you continue your enrollment through the summer. I would suggest you talk to your financial aid office about increasing the loan.
What it sounds like to me is that your school operates on a term basis -- fall, spring, summer. So, they are awarding you $850 for the spring with the expectation that you will continue in the summer and get another $850 then.Question: Do you have to begin repaying a Stafford Loan if you are still enrolled full time at college?
I rec. stafford loans at one college and then quit attending there and starting attending full time at the local community college. There was no lapse in periods of attendance though.. I went from one directly to the other. Thanks!You can call them and get them deferred as long as you are a ...
You can call them and get them deferred as long as you are a full time student.You start repaying it 6 months after you graduate/leave ...
You start repaying it 6 months after you graduate/leave school.If it is a subsidized loan then no, you don't have to ...
If it is a subsidized loan then no, you don't have to pay on it while you are in college full time (any college). If it isn't subsidized then you have to pay the interest on it while you are in college.It depends on the payment arrangement you chose when ...
It depends on the payment arrangement you chose when applying for you loan. Check with you lender.Make sure that the company knows you transferred. You may ...
Make sure that the company knows you transferred. You may have to call your lender.Question: stafford loan?
so I was on the stafford loan freshman year, and I decided not to go with it sophomore year. I am still taking a full load of courses, and will receive stafford loan next year. is interest going accrue on loan while I am not on the loan but still in school?
subsidized
what if I didn't go to school full time? what if I did 9 hours one year instead of 12 hours which makes you a full time student?It depends on whether you have a subsidized or unsubsidized ...
It depends on whether you have a subsidized or unsubsidized Stafford loan.
Subsidized Stafford loans are need-based, and interest does not accrue on these loans while you are in school, during a six-month grace period immediately preceding repayment, and during authorized deferment.
Unsubsidized Stafford loans will accrue interest while you are in school.In order for your interest not to accrue while you are in ...
In order for your interest not to accrue while you are in school, you need to be enrolled for 6 credits or more each semester.Question: I am an undergraduate student trying to take a Stafford loan. Should I go for Sallie Mae Lenders?
There are plenty of lenders. I heard Sallie Mae is better. Do you have any advise for me If going with Sallie Mae is better or not?
Thank youThere are lenders that offer better discounts than Sallie ...
There are lenders that offer better discounts than Sallie Mae. You should shop around for a lender that will give you an immediate 2% - 2.5% on your interest rate and waive some or all of the origination fee. (Don't go with a lender that requires you to make a certain number of on-time payments first before you get the interest rate discount - hardly anyone ends up getting the discount.)
Start with the preferred lender list at your college, although many times this won't have some of the more competitive lenders on it.Any of the lenders who are on a schools preferred lender ...
Any of the lenders who are on a schools preferred lender list generally are all part of the Sallie Mae umbrella.
What that means is that if you work with any of the lenders on the list........the Sallie Mae interest rate is about 6.8%....as are the rest of the lenders........no matter which lender you choose, your loan will eventually end up with Sallie Mae.
Stafford loans are non-credit based loans and therefore generally desirable. Going for lower interest rate loans means credit checks and co-signers. |