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To return unused student loan money, contact your loan servicer and request to make a payment for the amount you want to return. They will provide you with instructions on how to do so.

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5mo ago

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Can you return unused student loan money?

Yes, you can return unused student loan money to the lender to reduce the amount you owe. Contact your loan servicer for instructions on how to return the funds.


A student loan has been in default will collection agency still garnish tax return?

If it was a federal student loan, then yes, the collections agency could take your income tax return money. If it was a non-federal loan, then they would not be able. Secondly, federal student loans are can not be discharged, the US always gets paid even when laws are created for private businesses that disallow the same right of collections.


Do you have to pay back FAFSA money if not used for school?

If a student accepts what's called a stipend check (the amount of excess Stafford Loan money sent to the student once college expenses have been deducted) then it does count as part of the student loan. Students are responsible for paying back the entire student loan plus interest whether it was spent on educational expenses or not. It is wise to return stipend checks and decrease the amount of student loans you take out.


How can I have my student loan forgiven?

One can have a student loan forgiven if one has no money at all to pay or if one joins a program called student loan which basically pays every penny of ones loan.


What happens to unused loan loss reserves?

Unused loan loss reserves represent an overestimation of the bad loans on the books. Ultimately, the unused loan loss reserves would be taken into income

Related Questions

Can you return unused student loan money?

Yes, you can return unused student loan money to the lender to reduce the amount you owe. Contact your loan servicer for instructions on how to return the funds.


What is student loan forgiveness?

Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.


Do you have to be sued before a student loan can be withheld from a tax return?

No


A student loan has been in default will collection agency still garnish tax return?

If it was a federal student loan, then yes, the collections agency could take your income tax return money. If it was a non-federal loan, then they would not be able. Secondly, federal student loans are can not be discharged, the US always gets paid even when laws are created for private businesses that disallow the same right of collections.


Can you obtain a student loan from Great Lakes?

It is to my knowledge that great lakes banks offer a student loan at about an 11% flat rate of return. There are many better services though to acquiring a student loan.


Do you have to pay back FAFSA money if not used for school?

If a student accepts what's called a stipend check (the amount of excess Stafford Loan money sent to the student once college expenses have been deducted) then it does count as part of the student loan. Students are responsible for paying back the entire student loan plus interest whether it was spent on educational expenses or not. It is wise to return stipend checks and decrease the amount of student loans you take out.


Is student loan debt consolidation something that will save money in the long run?

Student loan debt consolidation is a way to consolidate student loan debt to the point that money is put in a synthetic grace period to prevent interest.


How can I have my student loan forgiven?

One can have a student loan forgiven if one has no money at all to pay or if one joins a program called student loan which basically pays every penny of ones loan.


Can the cosigner of a student loan be removed from the loan if the student did not use the loan for its intended purpose And the student did not finish college and is not paying the loans?

NO you have s secondary obligation for the note, not the money or how it was or was not used.


Can a student Loan take money when your social security disability check under 750?

Can a student Loan garnish money, From your social security disability check when it is under $750.00


If you take out a student loan or get a federal loan for school can child support take that money or some of that money?

nosee link


You have no money and you need to return your car what to do?

apply for a loan