|
I just recieved my student loan from the school,A few questions I would like to ask
Edwards Finance > Student Loan
Q. I just recieved my student loan from the school, and rather coincidentally had a proccess server come sniffing around. Now, here's the question-- next week I was going to school to speak to the legal clinic for a BK 7. A few questions I would like to ask you are: Can student loans be frozen? The documents I signed for them stated that they could only be used for legitimate school expenses, and detailed many horrible penalities for misuse :). In other words, does the money count as "mine" or federal money that I'm being allowed to use. I know, for example, that a creditor couldn't force you to max out a credit card to pay him off-- what about student loans. Second: In the worst case, where they manage to get some of my student loans, would the court allow me to return them to the federal government? There's a procedure at school where you can repay those loans if your expenses during the year are less than you expected, and would that apply? Finally, what if I just go and yank all the money out of the bank
A. I'm not an expert on student loans (except that I know how to get them discharged in bankruptcy), and the answers to your questions likely depends on the language of the loan agreement. I'd suggest checking out the SallieMae site; it may have some helpful information.
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 have an Student Loan Question,please help me.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 ...
Is it true that one can take tax Deduction for Student Loan on tution fees? If so, what is the amount?Is it true that one can take tax Deduction for Student Loan on tution fees? If so, what is the amount?-Income tax deduction? No, not really. Educational expenses are only deductible if they maintain present skills for present employment. Educat...
The Student Loan Corporation,they have an option to consolidate my loans?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...
Defaulted Ford Consolidated Direct Student LoansI have just received a notice of default on a consolidated William D. Ford Federal Direct Student Loan, although I have been making the payments. SInce I an not sure of the cause of this action, and I believe it was done illegally, I wou...
Ask a Question
About Us / Me
Contact Me
Privacy Policy
PFBlog
Google Finance
Yahoo Finance
Motley Fool
Nveille's Financial Blog
AllFinanceMatters
Free Money Finance
2MillionBlog
The Terror Finance blog
Refinance
Electrical Engineering
Debt Recovery
Credit Card
General Engineering
Repossess
Credit Check