•What are some benefits of using student loans?•When do you have to begin paying back these loans?

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Asked 9/29/2010 9:57:53 PM

Updated 9 days ago|1/25/2023 5:45:06 AM

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User: •What are some benefits of using student loans?•When do you have to begin paying back these loans?

Weegy: If the budget is tight, student loans and financial aid are great ways to obtain a college education. [ Students have the best circumstances they will ever have for obtaining a loan due to the many public and private loan programs designed specifically for students that provide loans for tuition, books, supplies, lodging, meals, and any other expenses. School loans are possibly the most important loans a person can take.When it comes to paying the loan off, the great thing about student loan payments is that they are often on a sliding time scale or are deferred for a number of years. This allows a student to launch their career without the hassle of making loan payments immediately, or at least until they graduate. It can be really difficult to make loan payments while trying to study and take care of classes. ]
Expert answered|toxictoast96|Points 2235|

User: •What does it mean if your loans go into default?

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Asked 9/29/2010 9:57:53 PM

Updated 9 days ago|1/25/2023 5:45:06 AM

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@ G A R Y

A default on debt happens when a borrower fails to repay the funds according to the initial agreement. With most consumer loans, this typically involves missing multiple payments for several weeks or months in a row.

Added 9 days ago|1/25/2023 5:45:06 AM

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Questions asked by the same visitor

who is the person that agrees to take responsibility for repayment of a loan if the primatry borrower defaults? a. mentor b. benefactor c. cosigner d. guarantor

Weegy: c. cosigner (More)

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Updated 36 days ago|12/29/2022 1:26:13 PM

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MichellDonovan

A GUARANTOR is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.

Added 36 days ago|12/29/2022 1:26:13 PM

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