how quickly can you get a student loan

When you have student loan debt, you’re painfully aware of the stress it can add to your life — not to mention the fact that you might be delaying major life decisions because of the debt. You’ll also be able to get onto an income-driven plan or another affordable repayment plan faster. Continually do this and you will get rid of those loans before you know it. Private student loans can default after one missed payment. Avoid high-cost loans and predatory lenders, who will often dupe you into a loan you don't qualify for or can't afford. Paying off your student loans fast is a smart financial decision that will help you to get out of debt quickly. As the first answerer said, you'll have to complete your fafsa which will take you about 2 weeks to complete but I'm asuming you've already completed your fafsa so you can get a loan in pretty much under 2weeks. Get a clear picture of your loans, consolidate, create and stick to a schedule of payment and live below your means so that you have more savings which you can use to get rid of student loans quicker. The latest numbers from the Federal Reserve show that the total national household debt stands at $13.54 trillion. Check out emergency student loan programs Canceling Student Loans to Get Rid of Student Loans. How long until my loan is paid off? Calculate payoff based on a percentage of salary or monthly payments. Student loan debt reached an all-time high of 1.41 trillion in 2019 so you're not alone. Student loan debt is a major responsibility, and it’s also a growing crisis among graduates. And with student loan debt levels at an all-time high, you’re going to need all the help you can get. Paying off your student loans as quickly as possible is almost always the best course of action. Using everything from debt calculators to budgeting tools, you can dream up dozens of ways to get out of debt faster, and most importantly, smarter. The trouble is, many graduates don’t know that they can change this plan – they just assume they are stuck with that student loan payment. To complete the FAFSA, you'll need to provide details about your finances: your assets in bank and investment accounts, income levels, Social … It’s tempting to take whatever you can get when you’ve been turned down repeatedly and don’t know how else to get a loan for the money you need. Because you’ve already been approved for these student loans, you can quickly claim this unused aid and get funds disbursed to your student account. If you have fallen behind on your student loan payments or gone into default, the government can garnish your prized tax refund. And with student loan debt levels at an all-time high, you’re going to need all the help you can get. You can also talk to your parents about applying for a Parent PLUS loan to help cover costs. But if there’s an opportunity to get out of paying your student loans, there’s nothing wrong with taking it. At that point, you… To start the loan rehabilitation process, you must contact your loan holder. That’s trillion with a “T. How Much Money Can You Take Out in Student Loans? If you’re worried about the IRS taking your tax refund due to student loan debt default, here's how you can challenge a tax offset.