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You never have any student loans left once you are retired. This is because your student loans need to be paid off when you are 50 years (or sooner if possible). If you are granted a student loan you will be told this and they will help you set up a payment plan.
PS: This is how it works in Sweden where I live. Since I don't know where you live I can't specifically help you, but I assume that its equal in many other countries.
In the USA, a Federal student loan must be repaid, whether you are retired or not. There is no statute of limitations on Federal student loans, unless you are signed up to the IBR repayment program. If IBR, then a limitation of 25 years is in place.
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How do you find out what your outstanding student loan is?
You'll need to find out what lending institution has taken over your student loan. Once you know who you owe to, just call them.
Can you use your student loan for buying a car?
Yes in theory you can, once you receive your student loan as a lump sum you can use it for whatever purpose. But it is not wise due to the risk of your education.
Where can one get in the UK consolidated student loans?
Student loans cannot be consolidated in the UK as the repayments are deducted in a different way to that of a 'normal' loan. Repayments on a student loan would be deducted from one's wages once employed and earning a certain salary.
How long does it take for a loan to go through once you've applied and been accepted?
Usually once your application is reviewed and accepted the student loan agency will disburse the money to your school a week or two before you semester starts. However, larger student loan agency�s have on-line process that the whole process is done within a week or sooner.
Do you have to pay back FAFSA money if not used for school?
If a student accepts what's called a stipend check (the amount of excess Stafford Loan money sent to the student once college expenses have been deducted) then it does count as part of the student loan. Students are responsible for paying back the entire student loan plus interest whether it was spent on educational expenses or not. It is wise to return stipend checks and decrease the amount of student loans you take out.
What is the purpose of direct loan?
A direct loan is a student loan that is made to the student directly by the federal government, which then subsidizes the interest on the loan while the student is in school. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
How do you find out what your outstanding student loan is?
You'll need to find out what lending institution has taken over your student loan. Once you know who you owe to, just call them.
In Florida can a student loan be rehabilated once wage garnishment has began?
No, it cannot.
Can you use your student loan for buying a car?
Yes in theory you can, once you receive your student loan as a lump sum you can use it for whatever purpose. But it is not wise due to the risk of your education.
Are direct loans a smart choice?
A direct loan is a student loan that is made to the student directly by the federal government. There is no secondary lender in the middle of the transaction. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
If your student loan was in default but you are in a rehab program that will make your loan current once finished how much will your score increase?
The Student Loan GUY @ http://www.studentloanfundamentals.com Your Student Loan will become "Current" on your credit report. Now figuring out the score is hard because it depends on the rest of your financial situation. It depends on what you have on the credit report.
What is the student loan consolidation law?
You can view the laws for student loan consolidation online at the Loan Consolidation.ed Network website. Once on the page, click on "Application Home" in the top navigation bar and then click on "What are my rights and responsibilities?" in the left navigation.
Where can one get in the UK consolidated student loans?
Student loans cannot be consolidated in the UK as the repayments are deducted in a different way to that of a 'normal' loan. Repayments on a student loan would be deducted from one's wages once employed and earning a certain salary.
Who can help you to get a 100 percent free and easy student loan?
I don't think there are 100% free and easy student loan out there. You have to repay once you graduate. You can get free money from financial aid if you meet the requirements though.
Can you pay off a private student loan all at once within the same year that you took the loan out?
If it was drawn up as a "simple interest loan" you can pay it off in full at any time.
How long does it take to be accepted for a Sallie Mae student loan once it reaches the certification in process stage?
It may depend on a few hours or a few weeks to be accepted for a Sallie May student loan. Once it reaches the Certification process stage its all just a matter of time.
Well A student loan is financial aid but the money will need to be paid back once you leave college?
true
