What are the significant differnces between the Perkins, Stafford and Ford loans? \n\nDo any of these dictate how much I can borrow, and what the money can be used for?
121105
They all have a max that you can borrow per year and through a lifetime. A stafford subsidized loan is one that the government pays the interest while you're in school. The stafford unsub loan, you have to pay interest or the interest accumulates while in school. \n\nA Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with financial need. Your school is your lender. The loan is made with government funds with a share contributed by the school. You must repay this loan to your school.
676056
Vist www.nelnet.net. Inquire on the Federal Stafford Loan. That's what I did. I'm 18 with no credit and no cosigner. Mostly everyone is approved.
317662
Providing you havenet used it yet, student loans come wiht what is called a forbearnce. Its used in times of hardship. YOu need to call your loan provider and see if you can apply for them. You may not be able to now that you've defaulted but its worth a try. the forbearnce will bring you current, and maek it so you only have to pay the intrest on you loan. I had to use it.
504667
I have used them to get customers financed at work in the past  (Auto dealership).  They do not have the best interest rates out there.  But if you have had a bankruptcy or shaky credit, they may give you the best financing options.  If you have good credit, there are better options.  They do not work well with auto dealers though in many cases (which is not your problem), so often a dealer will find another lender with just as good terms to do the loan thru.
169086
You gotta pay 8.5% up front to get a loan?  And probably a high interest rate on top of that!  Are you crazy to even be thinging of doing that?\n\nThere has to be someone who will loan you money for less than that.  Keep looking!
561532
avoid any borrowing! if you cant afford it you may not need it! try it, interest is dead money
106738
I would start with a student loan. That would be your best bet,a lso with the Standard loan try a Stafford loan. There are two types you can get and you should be able to cover you costs.
588544
Your FAFSA basically *was* your application fro federal student loans.\n\nYour school will use your FAFSA to determine your eligibility for Federal Student Aid, including federal grants and loans.  Almost every FSA applicant is eligible for some type of Stafford loan funding: your school will inform you via letter or email (sometimes a dedicated student financial aid "portal" on their website) of your eligibility (loan type, amount, and whether the interest on loan will be federally subsidized). They will also let you know if you are eligible for a Perkins Loan and/or any grant funding from the federal government, state, or the school itself.\n\nIf you filed the FAFSA a while ago and have not yet heard from your school, give them a call to make sure they arent missing anything else from you.  \n\nOnce you received notice from them of what you have been awarded, you will need to complete a Master Promissory Note in which you agree to the terms of the loan and provide reference information.  In some cases, your school will require you to select a lender.  If you have not done so before, you will also required to complete "Entrance Counseling" (more paperwork, essentially).
235145
It's definitely too good to be true. It's probably spam. My interest rate is 6.7 percent.  I thought that was good.  Be very careful to read the fine print on that loan application...)(
166861
First, know that your childen will be eligible for Stafford Loans regardless of whether they show need or not -- this is why the Unsubsidized Stafford loan was created.  Loan limits for this type of fund are increasing, too, beginning with the 07-08 award year.  \n\nBeyond that, if *you* are applying for loans for your children, you wouldn't want to reduce your income at all! PLUS loans, and most private loans are credit-based; your lender will be looking for halfway decent debt-to-income ratio.  In this sense, hiding your income/assets to make your children federally eligible could hurt you when it comes time to borrow privately.\n\nWhat are colleges looking for?  The same thing that the feds are when you file the FAFSA: income (taxable and untaxed) and assets from both student and parent; in-kind support that the student has received; how many other children are in your household and, of those, how many are currently college undergrads, etc...\n\nWhen it comes to additional information, we're looking for anything *else*.  If a parent appeals on the grounds that their income is X and their assets are Y -- and this is the same information that they provided on the FAFSA -- there isn't much new information there.  \n\nThings I will consider as "special circumstances":\n\n* "I lost my job midway through last tax year and my '05 income isn't indicative of what my 06-07 income will be."\n* "I recently got divorced."\n* "During the last tax year, I had a lot of medical bills that weren't covered by my medical insurance."\n\nThings I *won't* consider in an appeal:\n\n* "My other daughter just got married and I had to pay for a costly wedding for her"\n* "I live in X state where the cost of living is much higher than in Y state where your college is"\n* "I have a lot of debt" (yes, debt is certainly grounds for financial hardship, but if we consider your debt, we'd have to consider everyone else's; when the feds are ready, they'll ask the debt question on the FAFSA -- until then, I can't include it)\n* "I [the parent] am in school myself" (So, you used your kids' college savings for yourself?)\n\nAs for tricks...\n\n::sigh:: No Financial Aid administrator likes to hear that people are seeking out "tricks of the trade" or trying to hide income/assets, so any expert who's willing to give them to you isn't very reputable to begin with.  \n\nThat said, if you're curious to see where you might be hardest hit, the first thing you should do is perform your own EFC calculation to see where the contribution comes from.  A good website for this is www.finaid.org's Calculator page, here: http://www.finaid.org/calculators/finaidestimate.phtml  This page is slightly simplified; if you want to perform the actual calculation by hand, you can go here: http://www.ifap.ed.gov/efcinformation/attachments/0607EFCFormulaGuideDecFinal.pdf\n\nOnce you do this, look at WHERE your EFC comes from.  Is it assets or income?  Is any of it from the *student*?  Some people don't realize that student income/assets are converted (i.e. held against them/you) at a much higher rate than parent assets/income.  I've had parents ask why their EFC is so high and it turns out that their son had $10,000 in savings bonds, 35% of which was counted towards a single year's EFC. The most well-known "trick," then, is to transfer any student assets into the parents name.  Were these assets in the parents name, only 12% (at most) would be counted towards the EFC.\n\nMost people who fall into the middle class category get burned not by their assets but by their income, because assets are protected (to a point) whereas available income is "counted against you" more more heavily.  There's very little way to hide income, because your school can, at any time, request copies of any information that they
351243
Try confused.com to compare all the lenders.  You can apply directly online from that website.
470604
I believe the answer is b, as the bank keeps a $100 000 reserve (10%) for $1 000 000 outstanding loans - and that this is a closed system. \nI'm not sure about the multiplier though - that's the ratio of saved income - I don't know how you're supposed to figure it out from that data.
637399
In the case of student loans, to say that a loan is "subsidized" means that someone is paying the interest on the loan during a given period of time.  With Federal Stafford and Perkins loans, the government subsidizes this interest.\n\nNOTE: It should be emphasized that a Subsidized Stafford Loan is only really subsidized *while you are in school* and during any periods of deferment/grace (i.e. if you apply for and are approved for an Economic Hardship Deferment once you enter repayment, your loan won't accrue interest during the deferment period). ANy other time, it will accrue interest which you must pay off.\n\nIf your loan is UNsubsidized, that means that the government does NOT cover the accruing interest at any time. \n\nFor example, if you borrow a $2,500 Unsub loan during your Freshman year, the loan will have accrued interest while you are in school such that, by the time you graduate, the amount you owe will be more like $2,750 (assuming the current Stafford interest rate of 4.7% -- though Stafford rates will be fixed at 6.8% beginning this July 1st). Interest really adds up -- but that's true of any loan.\n\nWhen you file the FAFSA to apply for federal aid, you will be applying for a generic Stafford loan. Whether that loan will be subsidized or unsubsidized is something your school will determine. Generally you can only receive a Subsidized Stafford loan if you show financial need. If you don't show need, your Stafford loan will be Unsubsidized. [There are some ways that a student can get both the full amount of their Sub and additional Unsub, but this generally involves being independent or being a dependent student whose parents have been denied a PLUS loan.] Check with your school to see which you qualify for. Stafford loans involve no credit check, so there's no harm in applying, see what you are offered, and then deciding if you wish to borrow. \n\nNote: you don't have to begin repaying your Staffords until 6 months after you graduate -- and this is true whether the loan is Sub or Unsub.  The standard repayment term for these loans is 10 years. I don't know where the person above me got the idea that you have only 6 months to pay off your Sub!!
202818
The major difference is with one you get a car, and the other you get a house. Lol. Seriously though, the difference is interest rates and length of loans.
309776
Depends on how much you are needing. Second mortgage on the house maybe (if you have one). Anything of value. Is your vehicle paid off? Just shop around. You can find a good deal with some shopping. Just remember, if it sounds too good to be true...it always is.
206825
goto your local ford dealership. i hear they like money there.
677034
There are Federal loans, such as the Stafford, that tend to be lenient.  Sit down with one of your school's financial advisors/counselors and discuss this.  Federal loans don't cover the entire tuition if your school is a proprietary school (tuition starts at 24,000 and higher), but they  may accept payments.   If you've got the GPA, look into nurse-specific grants and scholarships.  I'm a nurse and this is what I did.  The only other thing I can think of is to find out from your bank if they offer student loans for folks with "iffy" credit.  Having nursing as a goal may make you a better risk.  Of course, now you're obligated to pass boards!  Yikes!