Reason I ask is because I am finding it hard to pay my student loans and still have enough money to survive on. If my income is below the Federal Poverty Level, I could get a temporary deferrment or forbearance on the loans until I find a higher paying job.
2006-09-28 21:13:34 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
<>Here are the charts:
http://www.state.in.us/fssa/first_step/pdf/2006FPL1.pdf#search='2006%20federal%20poverty%20level'
2006-09-28 21:21:52 · answer #1 · answered by druid 7 · 1⤊ 0⤋
You should apply for any available Student Loans, even if you suspect your income is above the Poverty Guidelines.
Most Federally-backed loans use the Federal Poverty Guidelines, from HUD
But, many use a "percentage" of the poverty guideline.
Example: One program I've managed uses 130% of HUD's poverty guidelines. Some use 150%.
There is not any ONE chart to tell you if you qualify for all available loans. And, if you have "more time than money", it's worth taking the time to apply.
Best to you.
2006-09-29 11:55:10 · answer #2 · answered by OShenandoah 3 · 0⤊ 0⤋
Why don't you talk to the Small Administration . But just what is: forbearance?
2006-09-29 04:20:07 · answer #3 · answered by alfonso 5 · 0⤊ 1⤋
Ask any normal person in the street.
2006-09-29 04:20:50 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Where do you live, if you live in california, I may be able to tell you.
2006-09-29 04:16:00 · answer #5 · answered by FavoredbyU 5 · 0⤊ 1⤋