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Once a student is awarded the Pell Grant, he will receive it each year until graduation.
Returning customers can qualify for more.
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If you can wait that long, you might find it a better strategy to delay seeking the loan until your credit improves and you can qualify more easily and with a lower home equity loan rate.
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, ” in addition to its authority pursuant to its authority under section 1031 of the Act to include in its rules identifying unfair, abusive, or deceptive acts or practices requirements for the purpose of preventing such acts or practices.
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The risk is that you would be putting that balance on your personal credit report, which could impact your credit score and your ability to qualify for products like mortgages, because the underwriters would treat that debt as personal debt.
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A presumption of unaffordability also generally would apply if the consumer has shown or expressed difficulty in repaying other outstanding covered or non-covered loans made by the same lender or its affiliate.