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Yes. Educational loans fall under the category of "non-dischargeable debts" and do not go away in any type of bankruptcy filing.

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15y ago

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When do you have to pay back a private student loan?

Since private student loans are given by various private companies, the time available to pay them back is going to vary by the company holding the loan as well as the amount borrowed and other terms within the contract of the loan.


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 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.


What are the differences between federal student loans and private?

Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org


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 happens if I don't pay back my student loans?

Failing to pay back a student loan can have negative consequences. It can negatively effect your credit score.


What is the purpose of a private student loan?

a student loan is to help you with your college fees or to move and buy stuff for you new accomadation when you move to a new college you can get a loan over the period your in college and pay back at monthly instalments


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 student loans outstanding?

than you have pay back


Are all college students eligible for private student loans?

College students are eligible for private student loans. You need to apply with your banks to see if you are personally eligible and have decent credit to be approved.


What are the disadvantages of having a student loan?

You have to pay it back, with interest.


Do you have to pay back my student loan if a forget to defer it and now in arrears?

dude...I'M not paying back YOUR student loan...cheapskate.