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Unless you arrange for a different repayment schedule with your loan servicer, the standard repayment schedule is 120 months (10 years). Your servicer can tell you about programs that allow you to extend your repayment term. Extending the term of ...
Generally, any payment made on a student loan will be applied first to any fees that are due (late fees, phone payment fees, etc.). Next, remaining money from your payment will be applied to any interest due, including past due ...
If you are under 21 years old and cannot show an independent ability to make the minimum periodic payment on the account, the card issuer cannot approve your application unless someone at least 21 years old who is able to ...
The Equal Credit Opportunity Act does not guarantee that you will get credit. You must still pass the card issuer’s tests of creditworthiness. But the law bars discrimination based on age, sex, marital status, race, color, religion, and national origin ...
Generally, age cannot be used to make credit decisions; however, it may be considered in certain circumstances. For example, a creditor may use an applicant’s age as part of a valid credit scoring system (so long as it does not ...
There are two types of PLUS loans: the Parent PLUS loan and the Grad PLUS loan. All PLUS loans have a fixed interest rate of 7.9 percent and are not subsidized, which means that interest accrues while enrolled in school. ...
When you consolidate your federal student loans, you are actually taking a new loan called a federal direct consolidation loan. This new loan combines several federal student or parent loans into one larger loan, which replaces your original federal student ...
Private student loans – also known as alternative loans – are offered by private lenders to provide funds to pay for educational expenses. They are not part of the federal student loan program and generally do not feature the flexible ...
Like federal consolidation loans, private consolidation loans combine your existing private student loans into one larger loan. You are replacing your original private student loans with this new loan. You will have a single monthly payment for your new private ...
Tuition payment plans, also called tuition installment plans, are short-term (12 months or less) payment plans that split your college bills into equal monthly payments. Tuition installment plans can be an alternative to student loans if you can afford to ...
