I have an Student Loan Question,please help me.

Edwards Finance > Student Loan

Q. Can anyone tell me, or find a link about not paying your student loan...EVER!!! I know that filing bankrupt doesn't cover it anymore, BUT, there must be a way out of a mortgage payment for a 2 family loan situation. For those who are thinking -- PAY IT -- this family is unable to do that at this point. They are wondering if they wait ten years, 15 years 50 yrs will this ever just get written off?? I would like you to support your yes or no answer with a link to where you got your info please, these people are very dear friends of mine and I want to check everything out for them (no internet access at their place) Their loans are about 23,000 and 31,000 (husband & wife), they pay rent, have a child (and one on the way) and total mthly gross income is about 3000.00 (I'm guess-timating)

A. -www.canadastudentdebt.ca should have the info i'm sure somone has asked the same question or is in the same situation. You should find it here, if not ask and you will get an answer. -I hope to God that student loans are never written off. Why the hell should I pay for 11 years and someone else should have theirs forgiven? They can probably arrange to have their payments lowered and extend the amortization period -I certainly hope student loans can't be so easily written off...otherwise every second kid will be going into university looking to jack up $30,000 in debt hoping to write it off. Problem is today's kids see the loans as 'free money' and spend, spend, spend. (I know one 30 year old with a B.A. and $40,000 in debt...and she lived at home....ridiculous!!!) I got my education and did it by working while studying. I graduated without owing a single cent (and living in another province). If I can do it, there's no reason someone should be in so much debt that they can't afford a payment. My tax dollars should not support their lack of foresight. If they're in such dire straits....it's time for backruptcy.

Ask Edwards a Finance Question

Other Questions:

what events can trigger, or accelerate the anticipated repayment start date, of student loans?

In addition to graduation, what events can trigger, or accelerate the anticipated repayment start date, of student loans? I thought I recalled reading somewhere that a lender can require you to start repaying your student loans if you fail to m...

I will be attending school beginning this fall and am trying various ways to fund my tution. I am somewhat confused on how to setup a loan so it qualifies for interest deduction 1) Part of my tution will be reimburse by company - I have alrea...

Anyone know what the latest information is on defaulted student loans? Client got a call and they talked pretty rough, according to her. What club are they allowed to use these days to hit the defaulted party with? There is the IRS refund off...

I have two sets of student loans. One set are consolidated stafford loans for a total of about 55K at 4.125% interest. The second set are private loans for a total of about 47K which are at 4 and 5% interest. My monthly payments work out to a...

If I had enough money in my retirement acct to pay off my student loans, would that be wise? I am 32 yrs old, have 36K in student loans with a 30 yr payback time and 7.65% interest rate and payments of $258/month. Would it be stupid to use my re...

Edwards Finance Menu

Ask a Question
About Us / Me
Contact Me
Privacy Policy

Sitemap

My Favorite Sites

PFBlog
Google Finance
Yahoo Finance
Motley Fool
Nveille's Financial Blog
AllFinanceMatters
Free Money Finance
2MillionBlog
The Terror Finance blog

Q&A Subjects