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Frequently Asked Questions

Do you have a student loan repayment program?

US Air Force Judge Advocate Recruiting
No military service has tuition reimbursement for JAG officers, but the Air Force has a retention program that allows the service to pay up to $60,000 after you complete your initial service obligation to remain on active duty for an additional time period. The details are that after your initial four-year commitment, you sign up for another two years and you receive $20,000; then at the six-year point you can sign up for four more years and receive another $40,000.
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What is the attorney student loan repayment program (ASLRP)?

USDOJ: OARM: ASLRP: FAQ
The ASLRP is an agency program based on 5 U.S.C. § 5379. The Department of Justice agrees to repay certain types of Federal student loans as a recruitment or retention incentive for highly qualified attorneys in exchange for a service obligation of three years. To receive ASLRP, the attorney must qualify, the attorney’s student loans must qualify, and all statutory requirements must be met.
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When does repayment of my student loan begin?

Frequently Asked Questions > Texas A&M University-Com...
You are given a grace period before you begin to repay loans. This time allows you to find a job and get settled before the repayment period starts. For Federal Stafford Loans the grace period is 6 months, and for Federal Perkins Loans it is 9 months.
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What are the requirements for Department reports on the use of the student loan repayment program?

USDOJ: OARM: ASLRP: FAQ
Before January 1st of each year, the Department must submit a written report to the Office of Personnel Management (OPM) stating when the agency made student loan payments on behalf of an employee during the previous fiscal year (see 5 CFR 537.110). Under 5 U.S.C. 5379(h)(1), each report must include-- OPM will use this information in its annual report to Congress on the Department’s use of the student loan repayment program.
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What types of loans qualify for the Attorney Student Loan Repayment Program?

USDOJ: OARM: ASLRP: FAQ
Only certain types of student loans qualify. Qualifying student loans are loans made, insured, or guaranteed under parts B, D, or E of title IV of the Higher Education Act of 1965; or a health education assistance loan made or insured under part A of title VII of the Public Heath Service Act, or under part E of title VIII of that Act. Loan eligibility is established by statute (5 U.S.C. § 5379), regulation (5 CFR § 537.
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Why is on-time student loan repayment so important?

Frequently Asked Questions
Student loans can feel like a mammoth burden—fitting a student loan payment into a monthly budget that includes rent, utilities, food, transportation, etc. can be hard. In fact, many people with education loan debt today say their student loans are delaying them from making other major purchases, such as a house or car, or even influencing what career they pursue after college. We “lighten the loan,” by giving student loan borrowers the right information at the right time.
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What is the NHSC Loan Repayment Program?

Primary Care and Rural Health
The NHSC Loan Repayment Program (LRP) is one way the NHSC works with communities to recruit health care professionals committed to serving the needs of underserved populations. This competitive program makes contract awards to clinicians that agree to serve full time at approved sites in designated health professional shortage areas (HPSAs) of greatest need.
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Are there loan fees for student loans and parent loans, and when do the loans go into repayment?

Newsletter for Parents of First Year Students
Yes, the maximum that can be taken out for fees is 4%. The lender takes the 4% as an origination and guarantee fee. The borrower is responsible for repaying the entire amount borrowed, even though they are charged the fee. Student loans go into repayment 6 months after the student withdraws, graduates from college, or drops below the credit hour status for the agreed upon financial aid award. Parent loans go into immediate repayment after the first disbursement has been sent to the school.
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The University of Tulsa >> Parents Corner
Every lender has the option to deduct up to 3% of the loan value in fees. The borrower is responsible for repaying the entire amount borrowed. Stafford loans are deferred for 6 months after the student withdraws or graduates from college or drops below half-time status. Perkins loans are deferred for 9 months after the student withdraws, graduates or drops below half-time status. Parents loans go into immediate repayment 60 days after the second disbursement has been sent to the school.
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What is the Louisiana State Loan Repayment Program?

Primary Care and Rural Health
Section 338 of the Public Health Service Act (42 USC 254-1) authorizes the Secretary of Health and Human Services, through the Health Resources and Services Administration to administer the State Loan Repayment Program (SLRP) which is funded with 50% state dollars and 50% federal dollars. The state Department of Health and Hospitals (DHH) through the Bureau of Primary Care and Rural Health (BPCRH) administers the SLRP for Louisiana.
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What is the HBS Loan Repayment Assistance Program?

Frequently Asked Questions - Alumni - Harvard Business Schoo...
The HBS Loan Repayment Assistance Program can help reduce the need-based educational debt repayment burden for alumni taking jobs in the US or abroad where salaries may be below the MBA average. Graduating MBA students and qualified graduates from the MBA Class of 1999 onward are eligible to apply. Application deadlines are June 15 and December 15. Learn more. (LEFA required, will open in new window)
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What are the repayment options for a Stafford Loan?

Stafford Loan FAQ of common questions - StaffordLoan.com
The standard repayment term for this loan is 10 years. You may be able to extend repayment by deferring or consolidating your loans. The Standard Repayment Plan requires you to pay a fixed amount each month based on your principle and interest but will be no less than $50 or the interest that has accrued. The Graduated Repayment Plan allows you to make lower payments at the beginning of repayment then, over time, your payments begin to increase.
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Who is eligible to receive attorney student loan repayment benefits?

USDOJ: OARM: ASLRP: FAQ
Under the Department’s policy, any employee serving in or being hired to serve in an attorney position who has qualifying Federal student loans totaling at least $10,000, and who can execute a three-year service agreement, may request consideration. There are some attorneys who are excluded by law (e.g., political appointees) and others who, because of the type of appointment they hold, cannot meet the minimum statutory service obligation of three years. These individuals are not eligible.
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What Is A Student Loan Consolidation?

Frequently Asked Questions on Credit, Debt, Finance
Student loan consolidation was introduced by the United States Government to ease the burden of paying back student loans. The program is easy and does not require a credit check. Before accepting any student loan you should make sure you are familiar with all of the terms of the loan. Remember that you could be paying for this student loan for many years, so it is important to make an informed decision.
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Can I get a student loan?

Frequently Asked Questions: Financial Aid - Southwestern Com...
We encourage you to do everything you can to avoid taking out a student loan while at SCC. Our costs are low enough, that most grant awards will cover tuition and books. If you do need to pursue a student loan, you will need to request instructions and application materials from our office. There are several steps involved, so please be sure you get our information packet and complete all steps.
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Can I apply for Loan Repayment while on a training grant?

Frequently Asked Questions : NIDDK
Yes, as long as at the time the loan repayment contract would be issued you have 2 years of research time left. In other words, if you are appointed to a training grant in July, apply for loan repayment in December of that year, you should have 2 years of research training remaining as of July of the following year. For new applications, loan repayment contracts are for 2 years, not 1.
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How can I close the pledge after repayment of my loan?

HDFC Bank - Leading Bank in India, Banking Services, Private...
After you have repaid your loan, you can request for a closure of pledge by issuing written instructions in the prescribed format. The pledgee on receiving the repayment will instruct his DP to confirm the closure of the pledge.
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When do I have to begin repayment of my loan(s)?

Student Loans - Frequently Asked Questions
The Federal Perkins program allows the borrower a 9 month grace period, whereas the FFEL loans only allow a 6 month grace period.
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What is the maximum loan repayment period?

UOB China
The maximum loan repayment period is 25 years or up to the point the borrower turns 65 years old, whichever is earlier. For example, if you are 45 years old now, the maximum loan repayment period is 20 years.
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Can I sell my two-wheeler before repayment of my loan?

CitiFinancial India - Frequently Asked Questions
You cannot sell the vehicle unless you repay the loan. An NOC is required from the financier, before you can sell the vehicle.
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Are loan repayment benefits taxable?

Louisiana Department of Health & Hospitals
Waivers on SLRP obligations may be granted by the Secretary of DHH in the event of death, physical or mental disability resulting in the permanent inability of the participant to perform the service, bankruptcy, or at the request of the placement agency for a justifiable cause. Suspensions of the SLRP contract obligations may be made for up to six months in the event of temporary physical or mental disability or for other justifiable causes.
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When does loan repayment begin?

Frequently Asked Questions
Generally for educational student loans, repayment begins within six months from the student graduating or falling below half time enrollment. For Federal PLUS loans, repayment begins within 60 days of the full disbursement of the loan amount. However, Federal PLUS Loans may be deferred while the borrower is enrolled at least half time.
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What will be the Repayment method for the loan?

Welcome to MCB Bank Limited
account for you will be opened at the branch closest and the most convenient to you. You will be required to deposit funds sufficient to afford a monthly installment in that account. A direct debit instruction from you in favor of MCB would then allow us to debit the installment amount from your account on monthly basis.
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Which loans qualify for loan repayment?

NIH Loan Repayment Programs
If you have been approved for LRP payments or are a participant, after consolidating your loans you must provide NIH with the following: a disclosure statement from your new lender, to include (1) the loan(s) paid off in the consolidation, (2) the name(s) of the prior lender(s), and (3) the total amount paid for the loan(s).
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What are my SELF loan repayment requirements?

Untitled Document
You must begin quarterly payment (interest only) within 90 days after disbursement, and quarterly interest payments continue as long as you are properly enrolled at the school. When you finish your study, you begin monthly (interest only) payments for up to 36 months.
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What are my PLUS loan repayment requirements?

Untitled Document
Repayment of both principal and interest begins within 60 days of receiving the loan and extends from 5 to 10 years. The amount you borrow determines the minimum monthly payment, but no one pays less than $50 a month.
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What is the loan repayment term?

FAQs - Best tenant loans UK
Your loan can be spread between 5 and 25 years. The loan term will depend on the loan amount and your credit history.
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When are loan repayment awards made?

Office of Community and Rural Health - FAQ for Loan Repaymen...
Final decisions on loan repayment are made in two cycles. The first round is in late March and the second round is in late August. DOH Home | Access Washington | Privacy Notice | Disclaimer/Copyright Information | Driving Directions
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WHAT SHOULD I DO IF A LOAN REPAYMENT CANNOT BE MADE ON TIME?

Frequently Asked questions - Settlers Home Loans
If you find yourself in financial difficulty, your Mortgage Manager will certainly help. Phone the Mortgage Manager straight away to talk it over.
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