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You have to die. That's pretty much the only way to get them cancelled.
Sadly, the above is true, except that there is a possibly of them being cancelled if you become disabled.
Basically, student loans do not get cancelled and you cannot dissolve them in bankruptcy, Once you have them, you are at the government's mercy and they will be paid back. They will take federal tax refund checks, garnish your wages, and pretty much whatever else they can do. There is even talk that the government can (and will) take social security checks from the elderly. They are pretty good about letting you set up payments, but often the payments are very high.
It's best to avoid taking out student loans if it can be avoided at all. And let's be fair. Whoever took the loans agreed to pay them back and should. The problem arises because we are not guaranteed a good job when we graduate and hard times can occur at any time. Paying back student loans can become a serious economic burden, so think very carefully before taking them...and keep the total to as low an amount as possible if you do get them.
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If a school closes do student loans get cancelled?
If the school closed and there were unused student loans, they would be cancelled. That would probably be an unusual circumstance since they probably would know in advance that they were closing.Any outstanding loans that were used would not be cancelled.
What companies will help me consolidate my old student school loans?
I called a company that advertised in one of the medical magazines that was at the hospital. I tell all of my co-workers now to consolidate with Medical School Loans private student loans, Jennifer helped me consolidate all of my federal loans to consolidate my new loans and my old loans with Medical School Loans.
What kind of agency is The Student Loan People?
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.
How can I get direct student loans?
Go to banks and they can show how to get direct student loans. Also consider searching the web for direct student loans, and ask trusted friends, colleagues, and family members about this direct student loans. good luck.
Personal loans should have a lower interest rate than student loans.?
Personal loans should have a lower interest rate than student loans.
If a school closes do student loans get cancelled?
If the school closed and there were unused student loans, they would be cancelled. That would probably be an unusual circumstance since they probably would know in advance that they were closing.Any outstanding loans that were used would not be cancelled.
What companies will help me consolidate my old student school loans?
I called a company that advertised in one of the medical magazines that was at the hospital. I tell all of my co-workers now to consolidate with Medical School Loans private student loans, Jennifer helped me consolidate all of my federal loans to consolidate my new loans and my old loans with Medical School Loans.
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
What company provides direct student loans?
There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.
Can private student loans be consolidated with federal student loans?
Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.
What kind of agency is The Student Loan People?
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.
Are all student loans federal loans?
No, private lending institutions (such as banks) also give out student loans.
Are all student loans issued by the Federal Government?
No..there are also private student loans.
Where do I find out about consolidating student loans?
Talk with whoever you got your student loans through. They will be able to tell you if you can consolidate your loans or not.
How can I get direct student loans?
Go to banks and they can show how to get direct student loans. Also consider searching the web for direct student loans, and ask trusted friends, colleagues, and family members about this direct student loans. good luck.
Is ACS a useful tools for student loans?
Yes, ACS is a useful tool for student loans. Every student's situation is different, but ACS offers student loans as well as consolidation options for those who have existing student loans, often simplifying the loan process for borrowers.
