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This is a very vague question. It depends on what type of student loans you are referring to. If you are referring to Alternative/Private Loans then the answer would be yes. These loans are credit-based. Most aspiring pilots use alternative loans to finance their training. Federal Loans (non-credit based) are available but do not cover the cost of flight training in it's entirety. I have taken the latter approach due to a bankruptcy on my credit. Federal Loans are only available through a degree seeking program. In other words you can't go to your local FBO and expect to get a Federal Loan. You must enroll in a community college or University. My advice to you if you plan on attending a 2 or 4-year aviation program is to go to the financial aid office and explain to them that you are in the aviation program and you need to "max out your student loans in order to pay for flight training." They will have you write a letter to this effect. The process should take you less than five minutes. What happens next is the school will take whatever fees are due to them and issue a refund check for the excess funds. You can then take the check which is issued to you and use it for your flight training. The biggest disadvantage with this approach is that you WILL run out of money. You will have to wait until the next semester for your excess funds to continue flying.
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How can one get loan forgiveness for student loans?
One can get a loan forgiveness for a student loans by visiting an employment center where they will help one pay of their loans or pay the entire amount them selves.
What does pay back have to do with student loans?
Pay back in reference to student loans is the time when the loan becomes due and the student must begin paying on it. This usually occurs when the schooling has finished.
How can you get assistance from your school to pay off debt from student loans?
There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.
How do I pay off my college student loans quickly?
This is the website that I found most helpful when looking for information on How do I pay off my college student loans quickly. here is the website www.rbcroyalbank.com/student
What is the purpose of Nelnet?
The purpose of Nelnet is to help student's to pay their student loans.
Are student loans outstanding?
than you have pay back
Do you still have to pay back student loans if the school is no longer in business?
Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.
Do you have to pay off the Wells Fargo student loans myself?
Most loans require students to pay back the money as soon as they're out of college and have a paying job. If a parent wants to pay back the loan their student has took out, then the student won't have to pay. However, students are responsible for paying back loans like the Wells Fargo Student Loan.
How long does it take to pay back student loans?
Loan Calculators You can use this student loan payoff calculator to estimate how long it will take to pay off your student loans. Use this tool to determine how quickly you'll pay off your student loans. By making a higher monthly payment, you can shorten the length of your loan.
Are private student loans more financially advantageous than student loans through the government?
Student loans through the government are better than private loans due to the fact that the government does not have as high of interest on the loans, and you get a longer time to pay them back.
How do federal student loans hurt students more than help them?
Federal student loans are usually easier to pay off then loans from a bank or other source due to their low interest rate. However, they may hurt students more than help them because federal student loans, like all student loans, take a long time to pay off.
Is a husband responsible to pay for a deceased wife's student loans?
A wife pays for her student loans. First the student has to pay for his own loans. Husband doesn't have to at all. Take legal advice. The repayment of the debt could be taken from her estate before any bequests.
