Are student loans federal or do they go state by state?

Question

I always thought it was federal, I had gone to online college when I lived in maryland a couple years ago and then I had my daughter and money got tight, I currently owe about $8000 I have since moved to NY and I was just filling out an application for a state job and it asked if I have any outstanding student loans from NY state, so what I want to know, does it go state by state? If I have outstanding loans in one state can I get new ones in NY? (i'm not a dead beat, I pay my bills with the money I have in the priority they have, I have no intention of leaving these unpaid so please no nasty comments)

Answer 1

There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). A college student loan is a sum of money available to full time students, with a minimum level of interest required during the period in which they are registered as full time students.


worldbestloans.com/


Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.