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the banks make enough money, so if you dont pay them back it wont event make a scratch on their earnings, go ahead and do it!

Nobody will put a gun to your head and force you to pay a debt, but a moral person will do it anyway. By refusing to repaying a loan that you took out in good faith and AGREED to repay, you are removing funds from the student loan program. Asking this question says a lot about you. I suppose you're one of those people who doesn't really have a conscience or ever feel responsibility for your action. Debt is a civil matter and is confined to the country from which it originates. I'm very saddened by the calousness of the person who posted the first answer here.

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โˆ™ 2008-10-14 00:51:14
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Q: Do you have to pay student debt if you leave the country?
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No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.


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You will not be able to come back to the U.S ?


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No, it is a debt not income.


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yes the debt still exists.you can probably go back, but they may never let you leave again until you pay it off. I'm in about same boat. 53000 in student loans to pay off.


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Credit card debt is unsecured loan and it charges higher interest because of the risk people not paying their loan. If you decide to leave the country, then they probably will sell your debt to an collection agency either in your original country or to your new country, but then, the only ( THE ONLY ) thing they can do is just sending you letters asking you to pay for the debt Nothing else.


How can you get assistance from your school to pay off debt from student loans?

There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.


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Why would a student at age 16 have an education debt? In this state in the United States it would be illegal to hold a student responsible for such a debt at that age. Besides, at 16, it would be almost impossible for a student to find almost any decent paying job.


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Can you move out of the country if you have student loans to pay off?

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No. Student loans must be administered by the college bursur and distrubuted according to the lenders instructions.


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How difficult is it for someone to pay off their debt without debt resistance?

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What is the difference between a student loan calculator and a debt calculator?

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