This article contains valuable and comprehensive information about student loans, student loan forgiveness, and various types of loans available to students. Also, more details on Public Service Loan Forgiveness and loans for teachers and nurses will be discussed in this guide.
Education is the bedrock of today’s society and it is acquired at a steep price. The financial status of students in a tertiary institution is quite different and yet some may have a greater passion to attain the best academic achievement.
Taking out loans has left so many students owing huge debt.
However, millions of American students are about to have their loans cleared y the Biden administration. The Biden-Harris Administration plans to deliver debt relief to more than 30 million Americans according to a recent statement released by A Casa Bianca.
Sicondu un articulu published by CNN, the Biden administration will be using existing student loan forgiveness programs to cancel another round of student loan debt. The Biden administration will spend about $7.4 billion to cancel student debt for over 277,000 borrowers.
U megliu prestitu studiente hè un prestitu federale assuciatu cù tassi d'interessu fissi o più bassi. Inoltre, i prestiti studienti privati sò pruposti da i prestatori privati custituiti da banche, agenzie di prestitu statali, crediti di l'unione è altre istituzioni finanziarie.
Cosa hè un Prestitu Studente?
Loans given to students are monetary aid to help students go through college. A student loan is organized to help students pay for essential fees and items in college. Tuition, supplies, books, and living expenses of students can be taken care of with this loan.
Secondu Università di New Hampshire di u Sud, a student loan is money students can borrow either from the Dipartimentu di l'Educazione or a private organization. The intent of taking this loan is to pay for college and repay the organization that provided the loan with interest.
Also Read: IBorse di studiu indiane per studià à l'esteru
Tipi di prestiti studienti dispunibuli
Currently, student loans in the United States are offered by two major lenders which are Prestiti studenteschi federali è prestiti studienti privati.
Federal Student Loans are offered by the government of the U.S. while prestiti studienti privati are offered by state loan agencies, banks, credit unions, and other financial institutions.
Prestiti federali
The U.S. government implemented the Federal Student Loans to aid students financially through college. It is highly recommended to use federal loans as they are attached with additional benefits and are less expensive than private loans.
Ci hè uni pochi di considerazioni chì un studiente deve esse attentu quandu dumanda un prestitu.
Quì sottu sò i vantaghji attaccati à un prestitu federale.
- I prestiti federali sò fissi è anu tassi d'interessu più bassi
- Ottene un prestitu senza cosignatariu
- Una pussibilità di un pirdunu di prestitu studiente: questu implica travaglià in una certa professione cum'è l'insignamentu o u serviziu publicu per rimborsà u prestitu.
- Programmi di rimborsu flessibili, cum'è rimborsu allargatu e rimborsu guidatu da u redditut
- Un prugramma di rimborsu chì principia sei mesi dopu chì un studiente graduate da a scola
I quattru tippi di prestiti federali di i studienti per l'università
Prestitu Subvenziunatu Direct
Undergraduates with financial needs can take advantage of the Prestiti Stafford sussidificati made available to them. The Subsidized Stafford loans enable students not to pay interest on any amount borrowed.
Prestitu Direttu Unsubscribed
I studienti liceu è graduate anu Prestiti Stafford senza subvenzione made available to them irrespective of their financial needs. The Unsubsidized Stafford loan is quite different compared to subsidized loans.
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Prestitu Federal Direct PLUS
I genitori di i studienti di u liceu chì sò dipendenti è i studienti graduate ponu prufittà di u Prestiti Grad PLUS è Parent PLUS. L'interessi di u prestitu cumincianu à accumulà una volta chì u prestitu hè sborsatu perchè i prestiti PLUS ùn sò micca sustinuti.
Prestitu di cunsolidazione diretta federale
Cù i prestiti di cunsolidamentu, pudete cumminà parechji prestiti federali di i studienti in un unicu prestitu, è ancu gode di i benefici di i prestiti federali.
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Prestiti privati
Quessi sò prestiti offerti da un prestatore privatu chì comprende banche, cooperative di creditu, agenzie di prestitu statali o altre istituzioni finanziarie. I prestiti privati sò generalmente attaccati cù un tassu d'interessu fissu o variabile.
Studienti chì intendenu acquistà un prestitu privatu hè necessariu d'avè un cosignatario è l'interessu ùn hè micca sustinutu.
Cosa hè u Pirdunu di u Prestitu Studiente?
U pirdunu di u prestitu di i studienti cancella u debitu studianti to repay part of their loan or all federal student loans that they borrowed. Most students in colleges and universities have taken loans to finance their stay in school.
The loan enables students to pay for tuition, supplies, books, and other essential items.
Paying back these loans sometimes might be difficult and most students end up being in a huge amount of debt. It’s an alternative method for students to pay back loans collected and it’s available for certain types of loans.
Students who are in debt can work in a certain public profession which can be educational or military professions.
Cumu Funziona u Perdonu di u Prestitu Studente
Student loan forgiveness exists to eliminate or take out parts of a student’s debt. Loan forgiveness applies to any student and student loan forgiveness applies to U.S. government-issued or government-backed loans and they amount to 92% of all student loans in the U.S.
However, loan forgiveness does not apply to private loans issued by banks, credit unions, state loan agencies, etc. There are situations where borrowers can have their loans forgiven or even better cancelled totally.
If you want your loans to be forgiven, you are mandated to apply and continue making payments until you get approval for your application.
Tipi di Pirdunu Prestitu
Pardonamentu di u Prestitu di u serviziu publicu (PSLP)
The Public Service Loan Forgiveness Program is available only to those who work in public service jobs for nonprofit organizations or the government. Part of your loan can be forgiven if you provide volunteer work such as military service or medical practice.
Ci hè uni pochi di esigenze à scuntrà prima chì u vostru debitu hè pardunatu sottu u prugramma di serviziu publicu.
- Avete u mandatu di fà 120 pagamenti qualificanti.
- I pagamenti sò da esse fatti mentre site sempre travagliatu cum'è un impiigatu per un patronu qualificatu chì pò esse un federale, statu, guvernu lucale, o urganizazione senza prufittu chì hà statut d'exonération fiscale.
U Programma Federale di Prestitu Direttu William D. Ford chì hè un prestitu direttu fattu da u guvernu Federale di i Stati Uniti hè eligibile per u pirdunu di u prestitu di i studienti. I prestiti emessi da i prestiti privati chì sò cunsiderati prestiti non federali ùn sò micca inclusi in stu prugramma.
In a circumstance where the William D. Ford direct loan is unavailable to you, and you got a loan through the U prugramma di prestitu Perkins, pudete cunsulidà quelli debiti per esce cum'è a prestitu di cunsulidazione diretta.
Un revamp 2021 per PSLF
Sicondu e regule normale di u pirdunu di u prestitu di u serviziu publicu, u pagamentu fattu solu nantu à u prestitu cumunu hè cuntatu versu u minimu di pagamentu di 120. I pagamenti iniziali chì sò stati fatti nantu à l'antichi prestiti sò stati ancu cunsiderati è avete da esse in unu di i quattru scheduli di rimborsu guidati da l'ingudu di u guvernu.
The U.S. Department of Education made an official announcement in October 2021, to loosen program restrictions and it lasts till October 2022.
Within this period, borrowers are likely to receive credit for previous payments made on loans, or else they won’t be eligible for Public Service Loan Forgiveness to reach the 12 payment mark.
Also Read: E borse di studiu contanu cum'è ingressu?
Pardunamentu di Rimborsu Guadagnatu
The U.S. federal government offers four major income-driven repayment plans and they enable you to cap your loan payment at a particular percentage of your monthly earnings.
If you are enrolled in any of these plans, whatever remains of your loan balance will be qualified for forgiveness after a time of 20 or 25 years based on the plan.
Those who benefit from these plans are people with huge loan balances. According to the National Consumer Law Center, only 32 individuals have had the honour to receive loan forgiveness via income-driven repayment forgiveness.
Cume dumandà u pirdunu di prestitu di serviziu publicu (PSLF)
To successfully apply for Public Service Loan Forgiveness, you are required to fill out an Employment Certification Form annually and also make pay stubs, W-2 forms, or other requested documentation.
Tuttavia, se avete riesciutu à ghjunghje à i requisiti per u rimborsu, pudete invià una dumanda di Pardonamentu di Prestitu di u serviziu publicu direttamente à u Dipartimentu di l'Educazione. Una volta appruvata, u restu di u saldu di u vostru prestitu hè perdonatu.
Although the Public Service Loan Forgiveness Program is uncertain till there is a submission of a plan by U.S. President Joe Biden or Congress.
Ci hè a pussibilità di dividendu i pagamenti mensili. Per esempiu, quelli chì guadagnanu sottu à $ 25,000 in un annu è e coppie chì guadagnanu sottu à $ 50,000 ùn spenderanu micca un centesimu versu u so prestitu finu à chì ci hè un aumentu di u so redditu.
Prugramma di u pirdunu di u prestitu di i prufessori
The Teacher Loan Forgiveness Program was initiated to motivate teachers to work in elementary schools, secondary schools, and educational service agencies that specifically serve families with low income.
Every year, the list of low-income elementary and secondary schools is published by the U.S. Department of Education.
However, if a teacher wants a loan forgiven, they need to teach full-time for five straight years at a qualifying school. Once the process is completed, the teacher automatically becomes eligible to have $5,000 and up to $17,500 loans forgiven.
The types of loans that are eligible are directly subsidized and unsubsidized loans only. Currently, there are up to 13 U.S. states that provide loan forgiveness to teachers with different requirements.
The Teachers Loan Forgiveness Program can be applied upon completion of the Teacher Loan Forgiveness Application and submission to a loan servicer.
Also Read: Borsa di Studiu di u Guvernu Federale per u Liceu / Postgraduatu 2020
U Prununziatu di U Prestu per i Infermieri
In u campu medico, infermieri licenziati registrati, membri di facultà d'infermiera, è infermieri praticanti, quelli chì travaglianu in spazii cù carenza critica ponu qualificà è avè finu à u 85% di i so prestiti perdonati sottu un prugramma chjamatu NURSE Corp Loan Repayment Program.
The qualified candidates can work for 2 years in an underserved area and have up to 60% of their student loan forgiven. An additional 25% of the loan can be forgiven for 3 years of working. Currently, 33 U.S. states offer loan repayment assistance and you can go to the official website for Loan Forgiveness for Nurses to check if your state is among the 33 U.S states.
U pardunamentu di u Prestu per i Medichi
Quelli chì anu prufessiunali in u sistema di salute, cum'è i medichi, i farmacisti è i dentisti inseme cù l'altri travagliadori sanitari sò furniti parechje alternative per uttene u pirdunu di u prestitu.
A quantità chì hè perdonata è i requisiti varianu, è questu dipende da u prugramma inseritu.
cunchiusioni
Attending prestigious colleges and universities can be quite steep, hence the need for monetary assistance is crucial.
With federal and private student loans, students in colleges can take loans to help them get through school. Tuition, books supplies, and other essential items can be taken care of with these loans.
Récordi:
- Cumu funzionanu e Borse di Studiu? Tuttu ciò chì avete bisognu di sapè
- Cumu uttene borse di studiu per studià à l'esteru
- Lista di Sconti Studenti è Deals | L'ultima guida
- 11 Borse di studiu à l'esteru per Studenti Internaziunali
- E borse di studiu contanu cum'è ingressu?
Vede ancu
- Università di New Hampshire di u Sud: What is a Student Loan and How Does it Work?
- Washington (CNN): Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers
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