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If you got an student loan and your account have no balance do you get the money back?
Wiki User
∙ 15y ago
Depending on your school's financial aid policy/ies, if you owe no money on your student account for tuition, fees, housing, etc., then you will probably receive whatever money is left over to use on school-related expenses.
So for example, your student account has a 0$ account balance; your student loan you've qualified for is $3,500. You will receive the entire amount of $3,500 to use on buying books, a laptop, supplies, and such things of that variety.
Wiki User
∙ 15y ago
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What is the statute of limitations on coming back and collecting money owed for a loan that the balance was zeroed out but money never taken out of a checking account electronically?
There is no statute of limitations on federal student loans under any circumstance.
Where does escrow account appear in the balance sheet?
As a liability. Basically, until you book that money, you owe it back to the customer.
What is the normal balance of a capital account?
Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.
What is the purpose of student bank accounts?
The purpose of student bank accounts are to receive money easily and efficiently from scholarships, grants, and loans. Also, in the future you can pay back loans easily with a student bank account.
What happens if you overdraft your account and dont pay it back?
The bank will keep charging you until your account balance is out of the negatives. I suggest you pay it back NOW for it will SKYROCKET meaning it will go up so high and itll be a lost of money! It happend to me.
You received a 1 savings account earning 6 on your 1st birthday How much will you have in the account on your 30th birthday if you don't withdraw any money before then?
Probably none, or a negative balance. Banks usually charge fees for accounts below a minimum balance, and so you will have nothing by the time you are 30. I had an account when I was 6. My mom put $25 in for me (which was the minimum balance at the time). I go back when I am 18, and they had charged fees and cancelled the account... they took my passbook. It is a nice idea to leave the money there and have it collect more money... unfortunately, banks nickel and dime you to death, so it doesn't work.
What if you forget to take you money at an ATM?
If you forget to take the money at an ATM machine, the machine will take back the cash and keep it inside safely. Your account will not be credited with the amount that was just taken back by the ATM. You need to call up customer care and explain the situation. The bank will check the ATM cash balance and then refund the money, if the machine had indeed taken back the money.
What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
If a debt collector takes money out of your account before the date that you agreed upon can you have the money placed back into your account?
yes.reason is that if the debt collector return the money in question, you can as well pay it back into your account.thank you
Can you get federal money back if you have no income but are a full-time student?
Yes.
How do you cancel your LimeWire account?
how do i cancel limewire and get my money back
If a student loan was obtained 15-16 years ago can they put it back on your credit report for default and can they garnish your joint bank account if no money has ever been paid?
Do you never return what you borrow?
