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They are not automatically forgiven their student loans, if that's what you're asking. The word "loan" implies that it's supposed to be paid back.
Some children of congressmen might default on their loans, but they're on the whole not treated (at least in theory) any different than anyone else.
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∙ 13y ago
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What does pay back have to do with student loans?
Pay back in reference to student loans is the time when the loan becomes due and the student must begin paying on it. This usually occurs when the schooling has finished.
Do you have to pay off the Wells Fargo student loans myself?
Most loans require students to pay back the money as soon as they're out of college and have a paying job. If a parent wants to pay back the loan their student has took out, then the student won't have to pay. However, students are responsible for paying back loans like the Wells Fargo Student Loan.
Can you go back to school if your old student loans are in default?
no you can not. contact the department or company that your defaulted student loans are located at. some have a repayment/rehabilitation plan. When you complete this you can go back to school. best of luck!
Are there student loans with a grace period of 6 months after graduation to begin paying them back?
Yes, I know all Federal Student Loans start repayment 6 months after graduation.
What types of student loans are there?
There are many different types of student loans. Almost anyone can qualify. Most universities have loans through them, in which case you should check with the school's financial aid office. These loans are great because you do not pay for them until you graduate. Some banks will also offer loans for students.
Can you get student loans with back taxes?
yes
I owe about 7000 in student loans which I am paying on can I go back to school and get more student loans?
Yes, you can take out additional loans as long as you are not in Default on the current loans.
What does pay back have to do with student loans?
Pay back in reference to student loans is the time when the loan becomes due and the student must begin paying on it. This usually occurs when the schooling has finished.
What these statements about student loans is not true?
That depends what the statements are.
Do you still have to pay back student loans if the school is no longer in business?
Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.
Are student loans outstanding?
than you have pay back
Are private student loans more financially advantageous than student loans through the government?
Student loans through the government are better than private loans due to the fact that the government does not have as high of interest on the loans, and you get a longer time to pay them back.
Why do many banks consider student loans risky investments?
Student loans are risky for banks to give out because most students do not have credit and thus cannot be trusted definitively to pay back loans. Additionally, students generally do not have personal property the bank can claim when loans aren't paid back.
When do you have to start paying back Astrive student loans?
Astrive student loans have to be paid back generally three years after the loan phase time is complete. It depends on what type of details the loan has and what the individual situation is to determine exactly when the loans will have to be paid back.
Do you have to pay off the Wells Fargo student loans myself?
Most loans require students to pay back the money as soon as they're out of college and have a paying job. If a parent wants to pay back the loan their student has took out, then the student won't have to pay. However, students are responsible for paying back loans like the Wells Fargo Student Loan.
Are congressman's children exempt from paying back student loans?
I think if the children of members of congress want to dabble in arts and crafts they should do so with materials at hand like the rest of us do. The idea that they should even get loans to do collage is ridiculous.
If you go back to get a MA and have student loans from your BA do you stop paying those loans while in school?
Yes, you can get an in-school deferment on your undergrad loans if you go back for masters.
