0
How can you eliminate the interest and penalties on your student loan?
Wiki User
∙ 16y ago
The penalties by paying on time.
The interest by paying it off.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Can you eliminate student loan debt interest?
In the US, the government will not remove the interest on student loans. They have too many ways of collecting. This collecting process will extend all the way to your social security.
Is there a no interest student loan?
no
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
Discharge fines and interest from a defaulted student loan?
In the USA, you can't discharge penalties and interest on Federally Guaranteed student loans. If you need help getting out of default and getting off of the tax offset list, click on my profile, StudentLoaner, below.
What is a subsidized loan?
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
Where can I find information about student loan interest rates?
Student loan interest rates tend to vary depending on the type of loan. More information is provided by American Student Assistance, which can be found at www.asa.org.
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Is the interest accrued on a student loan simple or compound interest?
its compound interest
What are the student loan consolidation interest rates?
As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.
What is the current rate of student loan interest in the UK?
The student loan interest rate in the UK varies annually. Currently it is 2.75%. If a student who borrows from the Student Loan Company does not pay it back within thirty years then the debt is wiped.
What is meant when bankers and investors use the words student loan consolidation interest rate?
When bankers and investors use the term "student loan consolidation interest rate," they are referring to the interest rate that borrowers will be charged when they consolidate their student loans. Student loan consolidation allows borrowers to combine multiple loans into a single loan with a new interest rate, typically based on the weighted average of the interest rates of the loans being consolidated.
Is student loan interest deductable in pa?
what is not deductible interrest? a student loan interest investment interest home mortgage interest finance carges on crdit cards incurred for personal expenses
