Question
Hello, I need to answer this questions in detail in order for me to receive a student loan, please help me and get your 10 points!!! 1. What is the maximum number of years for student loan repayment after leaving school or dropping out of college? 2. Explain the differences between a subsidized loan and an unsubsidized loan. 3. Under what circumstances may a student loan be discharged (releasing the borrower from having to pay back loan). 4. When a student defaults on a loan, what are the consequences? 5. Why would a borrower choose to consolidate their loans. 6. What is the maximum amount of a subsided student loan for a student with less than 30 completed hours of college?
Hello, I need to answer this questions in detail in order for me to receive a student loan, please help me and get your 10 points!!! 1. What is the maximum number of years for student loan repayment after leaving school or dropping out of college? 2. Explain the differences between a subsidized loan and an unsubsidized loan. 3. Under what circumstances may a student loan be discharged (releasing the borrower from having to pay back loan). 4. When a student defaults on a loan, what are the consequences? 5. Why would a borrower choose to consolidate their loans. 6. What is the maximum amount of a subsided student loan for a student with less than 30 completed hours of college?
Answer
1) I have been in deferment for almost 4 years now 2) subsidized you do not collect interest while in school or deferrment unsubsidized you do 3) hardly any, disability mostly 4) ruins your credit and your wages can be garnished (they contact your employer and take it before you get it) 5) reduces your payments in to one low payment 6) dont quote this i think it is 12,000
1) I have been in deferment for almost 4 years now 2) subsidized you do not collect interest while in school or deferrment unsubsidized you do 3) hardly any, disability mostly 4) ruins your credit and your wages can be garnished (they contact your employer and take it before you get it) 5) reduces your payments in to one low payment 6) dont quote this i think it is 12,000
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