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Leaving college earlier, should I pay the loan?

Date: Fri, 11/04/2005 - 17:19

Submitted by anonymous
on Fri, 11/04/2005 - 17:19

Posts: 202330 Credits: [Donate]

Total Replies: 3

Leaving college earlier, should I pay the loan?


I have enrolled in College this year. But me family has lost everything in storm. Situation is worst now and I have to leave my studies right on.
I had taken federal loan while admission. Now if I drop the course, do I need to pay the loan back or it is forgiven?


I am very sorry to know your situation.

Lloyd, student loans are rarely forgiven. And the borrower has to pass a bench mark for that. It's seldom written off in bankruptcy. Student loans have no SOL also.

But since you are unable to continue even half way, you might be exempted from repayment. Contact your college or your loan holder immediately to know what option you can get now.


lrhall41

Submitted by 4u.bryan on Fri, 11/04/2005 - 17:31

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