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Messages - hbb
« on: May 12, 2009, 09:21:05 PM »
University of Maryland
« on: April 20, 2009, 09:30:47 PM »
Working in public interest is not required in order to qualify for the federal IBR program.
« on: April 19, 2009, 04:50:46 PM »
You can get Stafford loans from private lenders as well. In fact, the majority of Stafford loans are funded by private lenders.
Regardless of the lender, a Stafford loan is a federal loan, just as a GradPLUS loan is a federal loan. Some schools participate in the Direct lending program, in which the federal government functions as the lender. Most schools, however, participate in the FFELP (Federal Family Educational Loan Program), in which private lenders function as the loan providers pursuant to a public-private partnership agreement between various banks and the federal government.
« on: April 19, 2009, 03:02:42 PM »
What is a "primary"federal loan? I haven't seen that term used to classify a federal educational loan before. Parent PLUS loans are not eligible for the IBR program (nor are they available for graduate students, so its sort of a moot point in the circumstances here) - is this what you are thinking of?
All Stafford and GradPLUS loans qualify for the IBR program*. Only loans made through the Direct lending program (as opposed to FFELP lenders) qualify for the federal LRAP program, however. It's an easy matter to consolidate your FFELP federal loans into a Direct loan after graduation, but it does sort of complicate things when trying to figure out what loans are eligible.
* Perkins loans likely qualify too, but this is not always the case.
« on: April 19, 2009, 01:59:08 PM »
Thatís a big if, and I think its only fed loans that qualify, and as far as I know the most fed you can get a year is 21.5 k.
Where are you getting this $21.5k limitation from? Is the OP ineligible for GradPLUS loans for some reason? I don't see why the OP can't fund his education entirely with federal loans, thus qualifying for the IBR plan.
« on: April 09, 2009, 10:17:35 AM »
It was completely inappropriate for Obama to bow: everyone knows that the proper protocol when meeting with Saudi royalty is stroll around holding hands, stopping occasionally to hug.