When Should You Apply For Student Loans? You can apply for federal student loans as early as the year before you start school. It’s a good idea to apply as soon as possible, since federal loans have strict application deadlines. Private student loans, on the other hand, can be applied for at any time. How
Can You Get A Scholarship For Being Under 5 Feet Tall? Are There Scholarships for Being Short? Scholarships for being short often fall under the category of “unusual”. That said, if you are short and no taller than 4’10” in height, you may qualify. Some scholarships are open to all college students with a medically
Why Is It Important To Pay Cash For College? By saving money, working as much as you can in the summers or during school, and obtaining whatever free grants or scholarships you can, it means you’ll likely not have to rely as much on expensive interest-accruing student loans. Can you pay cash for college? And
Why Is Deferment An Important? Deferments allow you to postpone paying back your loans in certain circumstances. This is an important option, particularly since interest does not accrue for subsidized federal loans during deferment periods. Why is deferment a better choice? Placing your loans in forbearance would allow you to put the money from your
Why Should You Avoid Student Loans? Plus, the high amount of debt compared to a lower salary can produce a skewed debt-to-income ratio, which can hurt your credit. Unaffordable student loan debt can lead to delinquency and even default, which can ruin your credit score and prevent you from getting approved for other types of
Why Should You Not Take Out Student Loans? Falling behind on student loan repayment can lead to delinquency and default. After just graduating from college, you might find yourself living on a modest income. If you have student loan debt on top of that, it could be a bit of a struggle to make those
Can You Decline A Loan After Accepting It? You can cancel all of or a portion of a loan disbursement within 120 days of the date your school disbursed (paid out) your loan money. If you choose to cancel the amount disbursed, you will return the money you received, and you will not be charged
Can I Get A Federal Student Loan After Filing Chapter 7? You can’t be denied federal financial aid because you’ve filed bankruptcy in the past. Government student aid providers can’t hold nonpayment of a dischargeable (or discharged) debt against you. You can get federal loans while in Chapter 7 bankruptcy. How long after bankruptcy can
Can I Use My Leftover Fafsa Money For Anything? If you have leftover financial aid money from things like student loans, you can use this money toward other education-related expenses. Be aware that the IRS will tax this money as income. How do I use my student loan money for books? Your university is required
How Many Times Do You Have To Complete Entrance Counseling? Once on file, entrance counseling has no expiration date and your MPN is valid for ten years as long as you are borrowing loans. You are not required to complete them annually, though you are able and certainly welcome to do so. Click the following