0
Regardless of academic status, if someone gives you money in the form of a loan, you must pay them back.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Answers to online student loan counseling test?
When I withdraw from the University
If you withdraw from classes do you have to give the money back from your student loan?
Yes, it is a loan. You have to pay back a loan. Whether you went to class or dropped out, doesn't matter.A loan is just that, a loan.You were lent the money in good faith, if they ( banking institution ) thought you wouldn't pay the money back, they would not have given you the loan.If you do not pay it back, it will affect your credit rating for life.
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.
What exactly is a school loan?
A school loan is money provided to you because you are a student, and you have to pay it back because it is a loan. Most student loans do not require you to begin payments back until your graduate.
What is the current rate of student loan interest in the UK?
The student loan interest rate in the UK varies annually. Currently it is 2.75%. If a student who borrows from the Student Loan Company does not pay it back within thirty years then the debt is wiped.
What are the disadvantages of having a student loan?
You have to pay it back, with interest.
When you graduate withdraw or drop below half-time enrollment status your student loan repayment will begin when?
after a 6-month grace period
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.
If your student loan was discharged in 1985 and 20 years later you would like to go back to school will you have problems getting another student loan?
No.
What is the different between a parent loan and a student loan?
Parent Loan: A parent is getting the loan Student loan: A student is getting the loan
What is considered to be a high interest rate on a student loan?
The interest rate on a student loan depends on the year it was established, the type of loan, and the habits of the student paying back the loan. Generally, 6.9% is considered to be in the high range, but lagging behind payments can increase the loan amount up to 14.0+%.
The student loan settlement student loan settlement student loan settlement student loan settlement student loan settlement student loan settlement.?
There are many places to research student loan settlement. You can look at various places on the web or at many banks. Looking for loan settlements can be difficult start by checking www.wellsfargo.com/student
