What are federal VA loans?

Answer VA loans are mortgages available to military veterans that are backed by the Department of Veterans Affairs in case the borrower defaults.AdvantagesThe major advantage of a VA loan is that you do n... Read More »

Top Q&A For: What are federal VA loans

What Loan company will take over my federal student loans when the loans are in default?

When your federal educational loans are in default, you have several options:You can repay the loan in full.You can negotiate a new payment plan with your lender.You can "rehabilitate" your loan.Yo... Read More »

Help with Federal loans and how they work please...?

The Federal loan programs do 6 months exactly for the reason you mentioned. Most students are off for 3-4 months in the summer and this allows students to have a vacation without triggering the cla... Read More »

Federal Loans and Grants?

If you go to the FAFSA website you can apply for student loans. Each state has several grants you can apply for. Most people under a certain income level are usually granted a Pell Grant. Here is t... Read More »

Difference Between Federal & Private Student Loans?

The 1965 Higher Education Act made it possible for students to borrow money from the federal government to pay for college tuition. Many banks also offer private loans to students and their parents... Read More »