is it true that if you owe money on a federal student loan, that you don’t get a tax refund? Federal Perkins Student Loan

Not right at all I have a federal student loan i am in my third year of college and have NEVER had any distress in collecting on my income taxes at the end of the year.

if you have call the student loan office to make arrangement to pay and made a couple of payments you can get taxes call them first.

as long as you are actively in school they won’t take your refund. once you graduate if you don’t make your monthly payments as promised, then the government will garnish your refund and possibly your wages.

Hello, I am Mr Keane Darwin,I am a private Loan Lender i do offer loan to interested people and people who can pay back the loan,if you have been looking for a loan here is an opportunity for you to get the loan now i will want you to contact me at dawinpvtfinanciers@consultant.com so that we can proceed to the next step of the loan okay. Regards. Mr Keane Darwin Darwin Private Financiers.

what i would do is take a look at http://www.loanfrombank.com here you will find all your loans needs includng other options for student loans.

I borrowed 12,000 They want me to pay back 24,000 which includes interest. The payments increase instead of decrease

Perkins loans are really institutional loans (meaning loans your college manages) that are funded through federal dollars (the government provides the money to the college). The interest rates are generally low, below 6%, but are subject to market fluctuations (meaning the rates can change year to year). Rates are comparable to other unsubsidized loans. Question your college to provide you with a printout of their loan agreement that defines initerest rates and loan repayment options. Generally, you can defer repayment until graduation and you may have 10 – 20 years to repay–similar to other federal education loans. As long as your college (which acts as the lender) is willing to relinquish the loan, you can also consolidate the Perkins Loan with other federal loans after graduation. The huge thing to keep in mind with all financial aid is that in the U.S., roughly 60 percent of all financial aid provided to students comes in the form of learning loans. In fact, the average apprentice student will graduate with about $ 25,000 in student loan debt. All of thiis is because (a) grant dollars are VERY limited and (b) the government expects that students/families really pay for a part of their educations. If you have specific questions regarding this loan or your ability to qualify, contact the financial aid office at the college you will attend. Best of luck!

Pros of the Federal Perkins Loan Program: Rates: Perkins Loan interest rates are fixed at 5%; this is incredibly unlkely to change. Beginning July 1st, 2006, Stafford loan rates will become fixed at 6.8%, so you can see that Perkins is a fantastic option, even compared to other federal student loans. A few years ago, when Stafford rates were variable and had dropped below 3%, a lot of students were declining their Perkins awards. Now that Stafford rates have risen and Perkins rates have remained the same, many students are wishing they had chosen Perkins instead… Perkins loans are subsidized, meaning that the government pays any interest that accrues (a) while you are in school, (b) during the 9-month grace period you receive once you graduate/leave school, and (c) during any deferments you are granted. Standard repayment for Perkins loans is 10 years. But, you may be able to request a longer repayment term and Perkins Loans are also eligible for to be included in a Federal Consolidation Loan. Benefits: As you may know, some student loans carry forgiveness benefits. Stafford loans have a few (for teachers, mostly). Perkins Loans really carry a much longer list of forgiveness/abandonment benefits, including: * Law enforcement or corrections officers * Peace Corps, AmeriCorps, VISTA * those employed in a Head Start program * Teachers in low-income schools, special education teachers, teachers in designated subject shortage areas, teachers of handicapped students * Providers of early intercession services * Nurse or medical technicians providing health care services * those in the US armed forces So, if you do accept your Perkins loan and end up working in any of these areas, you may not have to pay back your Perkins Loan at all! Perkins Loan deferment options also tend to be more flexible than those of Stafford Loans. Your school is the lender for any Perkins loans that they offer you. You might find that having a loan held by the school makes things much simpler when it comes time to repay — if you have any questions, you’ll know who to contact! Essentially, the school receives a limited pool of funds from the federal government, which they match (partially) and then allocate at their discretion (in keeping with the set of laws set forth by the DOE). Perkins loans are meant for the school’s neediest students. Students must exhibit financial need to qualify.