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What else can I help you with?
Is a student loan considered a secured loan?
No, a student loan is typically considered an unsecured loan because it is not backed by collateral like a house or car.
Why are student loans considered unsecured?
Lenders don't have any collateral to seize if the loan doesn't get paid back.
Can a student loan be considered a unsecured debt?
A student loan is an unsecured debt. To be secured, there needs to be something, generally phyisical (but not always), that can be taken (repossessed), and sold to satisfy the debt if it isn't paid. Kinda' hard to take back an education!
Your student loans are listed under Chapter 13 discharge papers with the full amount owed then the amount paid to them by the Trustee Does this mean it is settled for that amount or they are still owe?
Almost all student loans are not dischargeable unless the bankruptcy court has held a hearing on dischargeability and determined there is a hardship. In most jurisdictions, a student loan is treated like any unsecured credit claim and paid at the same rate as other unsecured claims, but the balance, including accrued interest, must be paid. Unless the bankruptcy court has determined, after a hearing, that the loans need not be repaid due to hardship, the balance due, including accrued interest, must be paid after the Chapter 13. For the Chapter 13 Plan, student loans are treated as unsecured credit claims and must be paid at the same rate as the other unsecured claims in the Plan. Except in the case of a 100% plan, there will be a balance due after the 13.
What is included in the unsecured loans list?
Unsecured loans are loans that are not backed by collateral. They include personal loans, credit card debt, and student loans.
How can you get your student loan to not be shown as included in bankruptcy since you are paying on it?
You must list all debt owed in a bankruptcy. In a Chapter 7 Bankruptcy federal student loans are listed on Schedule F as a unsecured non-priority debt with an indication that they are student loans. Please note that nothing in this posting or in any other posting constitutes legal advice.
What are some examples of unsecured loans?
Examples of unsecured loans include personal loans, credit cards, and student loans. These loans do not require collateral and are based on the borrower's creditworthiness.
Can you apply for federal student loans while under chapter 13?
Yes, you can apply for federal student loans while under Chapter 13 bankruptcy. Filing for Chapter 13 does not affect your eligibility for federal student aid, as the loans are not considered income. However, it's important to ensure that your repayment plan is manageable alongside any new student loans you may take on. Always consult with a financial advisor or bankruptcy attorney for personalized guidance.
Who is the winner of 2009 students of petroleum engineers outstanding student chapter for the Asia pacific region?
SPE-UTM Student Chapter is the winner of 2009 SPE Outstanding Student Chapter (OSC) for the Asia Pasific Region
What are some examples of unsecured credit?
Examples of unsecured credit include credit cards, personal loans, and student loans. These types of credit do not require collateral, such as a house or car, to secure the loan.
Is a PhD student considered a graduate student?
Yes, a PhD student is considered a graduate student.
Can you provide some examples of unsecured loans?
Some examples of unsecured loans include personal loans, credit card loans, and student loans. These loans do not require collateral and are based on the borrower's creditworthiness.
