It depends on the type of student loan - are you the parent or student and is this a private or government-backed loan? The article below covers this topic in detail.
Wednesday, May 26, 2010
What will the fixed student loan interest rates go to after July 1st?
Interest rates for any new Federal Stafford loans made after July 1st will will be 6.8% for all borrowers (in-school or otherwise).
If you already have a *variable* rate Federal Stafford loan, your rate on that loan will remain variable and will be expected to increase to 6.54% (for borrowers in school, grace, or deferment) or 7.14% (for borrowers in repayment).
Interest rates for any new Federal PLUS loans made after July 1st will will be 8.5% for all borrowers (in-school or otherwise).
If you already have a *variable* rate Federal PLUS loan, your rate on that loan will remain variable and is expected to increase to 7.94% for all borrowers.
Perkins rates and terms will effectively stay the same (5% fixed rate).
What will the fixed student loan interest rates go to after July 1st?
try to call up or search bank directory for more info u might get wat ur looking or searching for...... :D
I have a student loan and i was wondering if there was a cheap payment plan because I'm on disa
keep going to school..if you are on s.s.d.i. ....you can go back to school............gat a defferment.....and still stay in .....
On a 6,000 student loan with a 9.95 interest rate, what am I being charged per month for interest?
.83% of your outstanding balance per month. If your outstanding balance is 6000- that would be 49.80/month.
On a 6,000 student loan with a 9.95 interest rate, what am I being charged per month for interest?
About $50 a month
Will student loan, fee loan, maintenance grant affect my incapacity benefit?. im a part time student
Currently enrolled on teaching degree part time. Have full backing from GP and currently receiving incapacity benefit. All above board and genuine!!
Will student loan, fee loan, maintenance grant affect my incapacity benefit?. im a part time student!?
www.nacab.org.uk
Will student loan, fee loan, maintenance grant affect my incapacity benefit?. im a part time student!?
Hi, I am a part time student on incap. As long as you are part time and not on income support top up as well as incap it shouldn't do - the thing you will have to watch out for is that the DWP (benefits agency) don't find you fit for work on the grounds that you can do a course. You are supposed to write to them and explain why you can do the course but not work - if you have your doctor's backing there shouldn't be a problem but do seek advice from the citizen's advice bureau or a welfare rights service before writing in.
Will student loan, fee loan, maintenance grant affect my incapacity benefit?. im a part time student!?
Your money shouldn't be affected at all. But if you are on Incapacity Benefit, check you are not entitled to the Special Grant - this means that you can keep more of your money.
Don't take any notice of the low life who went on about 'get a job' - everyone who has been through disability and learning knows there is a massive difference between being at uni for a few hours and the work environment - if only the level of support you receive.
Good luck and keep going!
Will student loan, fee loan, maintenance grant affect my incapacity benefit?. im a part time student!?
yh
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the p
The borrower used the money for renovating the house and didn't go to school. Will I win in court if I sue the person?
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person?
YES YES YES!
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person?
Only if there was a written agreement that the money would be used exclusively for school or if the person fails to pay you back as agreed.
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person?
NO unless you have a contract that stated exactly what the money was going to be used for! GOOD LUCK! :)
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person?
NO ! NO ! NO ! If your only interest in this transaction was to guarantee the loan via your signature, that is all you did, and have no legal basis upon which to sue. In order for you to have any legal basis against this person, the contract would have had to contain legal language covering that fact. If all you did was co-sign as a guarantor, you are out in the cold here. However, depending on the nature of the loan, the LENDER may have action against the borrower if the loan specifically covered use of the funds.
As usual, check the fine black and white print.
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person?
If you have enough evidence. Of course you can sue them. The government offers a low rate for students to go to school, not to remodel their houses. That's illegal. I think you should sue them since your name is attached to the loan. They can ruin your credit. The government allows the borrower to pay back student loan in 10 years.
My student loan goes straight to the school. If they grant me too much money, the school then will send it to me. When I found out, I told them to send back to the lender. I don't need money to spend for other things beside school and books.
Lesson learned. Never co-sign a loan with anyone.I don't think you are cold if you sue the borrower. Student loan is for students, the money uses for tuition and books. That's why they call student loan. Otherwise, they should call home improvement loan and the rate would be much higher. To me, that's cheating and lying.
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person?
Probably not. The person may get their %26quot;just desserts%26quot;, though, depending on the actual type of loan they received.
A student loan through the government goes directly to the institution the student specifies on their application; there's paperwork involved on both ends before the money is advanced. It doesn't sound like the borrower got this kind of loan, though...
If the loan was through a BANK and was intended to send the borrower to school, then you might be able to dip the borrower into a little hot water. Speak to the bank, and let them know what the borrower did with the money. Many financial institutions offer student loans at reduced rates with special repayment options, and won't be very happy to find out that they were duped out of interest revenue by someone who didn't go to school. They may demand the loan, or jack up the interest rate and change the repayment options. They may also take the borrower to court, depending on the size of the loan. I'm almost certain that's classifed as financial fraud, or misrepresentation, or something like that...
You, however, really don't have a leg to stand on. All you did was guarantee the loan. I'd be extra sure, however, before I did anything, that you won't be on the hook for anything if the loan is demanded and the borrower suddenly cannot pay; you don't want to screw yourself over! You may be able to convince the bank that you, too, were taken in, and they may decide to release you from your guarantee. Talk to a lawyer, or talk to the bank, and decide from there what to do.
I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person?
well if the loan was specifically a student loan, then by all means, sue sue sue!!! but if it was just a generic loan then you got nothing, the student loan must have some written documentation tho
Im in default with a student loan but want to attend college does anyone know of a grant that i coul
help me out
Im in default with a student loan but want to attend college does anyone know of a grant that i could get to?
never mind grants, do what i did. pay a small amount each month on the default loan but make sure you always pay it.find a friend or family member with good credit and have them co-sign with you on another student loan. pay the lest possible a month for this loan. trust me when you are finished school and making your payments each month and on time you will have a degree and good credit.
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