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If that's a federally backed loan, it can't be usually be discharged in bankruptcy although there are exceptions, but they do forgive loans for a number of reasons.
From the Stafford loan site;
Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called "loan forgiveness". To qualify for Federal loan forgiveness, you must:
- Perform volunteer work
- qualify for public service loan forgiveness
- Perform military service
- Teach or practice medicine in certain types of communities
- Meet other criteria specified by the forgiveness program
see their web site for the other forgiveness criteria they have you might meet. Most of them seem to be tied to public safety, teaching, or health care work, schools that disappeared before the program ended, the cosigner or the student has died, the student becomes totally and permanently disabled, but check carefully to see if you qualify under one of the many provisions.
A student can go to get help with a loan repayment at the bank where he or she took the loans from. One must also check with the following places like Student Aid, Student Loan Repayment, Consumer Finance and many more.
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Where can I find online a student loan repayment calculator?
Check out finaid.org for a great repayment calculator. Specifically, go to www.finaid.org/calculators/loanpayments.phtml. This site has a lot of great resources.
Where can one go to get help with student loan debt relief?
To get student loan relief an individual should research information on the Student Loan Forgiveness Act.
Where can I go to loan school at ?
Where to Go for Help | Student Loan Borrower Assistance www.studentloanborrowerassistance.org/where-to-go-for-help/The Department of Education publishes some very useful guides, including Your ... be able to get this information from the National Student Loan Data System.
Can you get a student loan if you are under eighteen?
no because you have to be 18 and up to get a student loan and you only get a student loan when your in collage so when you get in collage ask about the student loan you also have to pay for the collage and they pay you as you go in and through out the year so i hope this help you
You are a single mother and make barely over minimum wage how should you go about repaying your student loan?
If it's federal, consolidate with Direct Loans and go on income contingent repayment.
You have nobody to sign for you to get a student loan and you have no credit how can you get a student loan?
Go to administration of your University (or College) and ask them. There are ways and they are there to help. Good luck Marcy
Can student loan companies repossess or put a lien on your mobile home if you go into default on those student loans?
In the US, student loan collection companies will garnish wages and keep tax return refund checks. They do not reposses homes or property. A great program that started this past July 1 is the income based repayment plan. If you consolidate your loans, you can opt in for this repayment program. Your payment can be as low as $0 a month, based on income and # of dependants. You also have the balance forgiven after 25 years of repayment, even if you have hardly paid any of it. If you want help with the consolidation of your loans, click on the link below.
How do I take out a government loan?
If you want to take out a government loan for education, you need to go through student aid. Most colleges have student aid that will help their students get started. You can also go to the loan lender independently.
How do you apply for student loan?
You can usually get help from your school on filling out loans. If you can not get help there go to the fasfa website first and try to applu for a stanford loan.
Which US institution has a student loan repayment program?
The U.S. Army provides a Student Loan Repayment Program. One can join the Army as well as go to school. While attending school the individuals loans get paid for. However, one must be in the military. Also, if one becomes a teacher one can work at a Title One school for a minimum of five years while paying small loan fees. After those five years one will have complete loan forgiveness.
Can you go to jail for unpaid student loan?
While you cannot be arrested for simply not paying your student loans, your wages can be garnished, your tax refunds may be withheld, and your credit score can be adversely affected. It is important to communicate with your loan servicer to discuss repayment options or potential deferment or forbearance.
Where should I go to get a fast student loan?
If you need help paying for college or graduate school, Student Loans.com can help you find the student loans you need to cover your total cost of attendance. Whether you need federal or private student loans, we provide the knowledge and resources necessary to research and apply for a student loan.
