any credit line that you have- credit card, car loan, mortgage and student loan
NO
If a student reaches their aggregate loan limit, they must pay down their loan first in order to be eligible for additional financial aid. Otherwise, the student will need to pay the remaining cost of school with cash out of pocket or take out a private loan.
I heard you can write off you student loan if you put it on your house/line of credit. But i thought you could do that anyway. Anyone know?
The best place to apply for a student loan is through a company that services federal student loans. Otherwise, a few companies that specialize in student loans for those with bad credit include Education Connection and Better Loan Choice.
It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.
Most loans have consequences when you default like reporting negatively to the credit bureaus, garnishment of wages to repay the loan, ineligibility to get another student loan if needed; many late fees, and even a lawsuit to collect on the loan.
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
where can I get a student loan that has no credit and parents dont qualify for a loan and I have gotten all federal loans
What's the student's age limit for Sallie Mae PLUS loan?
Aggregate loan limit is the max amount you can take out in student loans. It's like a credit card, if you max out the card, you have to pay down the principle balance before you can use that card again.
any credit line that you have- credit card, car loan, mortgage and student loan
== ==
yes
NO
yes no maybe so depends on bad your credit actually is
In the USA, if the student loan is Federal like a Stafford or Perkins loan, then yes you can cosign with bad credit. If the student loan is a private student loan, then no, you must have good credit. Keep in mind, you should never take out private student loans out until you have used up Federal loans, grants, and scholarships. Private student loans have high interest rates and no benefits.