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Parent didn't sign Masters Promissory note so it is technically not the parent's loan or responsibility right? Because of this, can a Direct PLUS loan get transferred to the child if a mistake was made in the loan process?
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∙ 6y ago
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Can you sue your child for your parent plus loan?
In general, no. Parents are responsible for repaying Parent PLUS loans, not the child. However, it's essential to consult with a legal professional to get specific advice based on your individual circumstances.
What is the purpose of a parent's Plus loan?
There are loans available that are for the purpose of helping parents pay the cost of putting a child through collage. The loan is called a Parent Plus Loan and the Parent Plus Loan website offers the ability to secure this type of loan for those that apply and are accepted for it.
can you transfer a traditional loan in default to a veteran's loan?
No, you cannot transfer the loan until you bring the loan payments to current.
Can you sell a vehicle if the cosigner refuses to sign off on the loan?
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
Can a parent loan be signed over to a student?
In the US, unfortunately the answer is no. A parent PLUS loan must stay with the parent. If you cosigned on a loan for your child and the loan is federally guaranteed, then you can get your name off of the loan by having your child consolidate the loans. If you need help with the consolidation of the student loans, click on the link at the bottom of this text box.
Can you transfer a loan that your parents took out into a loan in your name?
No.
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Can a child get a loan?
No a child cannot get a loan. You need to be 18 years old to legally get a loan.
Can you transfer the lien from your home equity loan to another property you own?
No, you cannot "Transfer" the loan. But you can take out a loan on the other property and use it to pay off the first.
Can a parent plus loan be put in the student's name instead of the parent's?
A parent plus loan is exactally that. A loan for parents to help their children with college expenses and can only be given to parents under the parent's name. You also need to begin to repay that loan while your child is still in school, usually within 60 days.
How do you transfer title on a car from California to Minnesota with a loan on it?
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How do you add your child as joint tenant to your home loan?
How do you add your child as joint tenant to your home loan
