I did not receive my Degree, nor certificate, graduation was cancelled, I had spent 2 years of education, and no job placement when promised. All I had received was my transcripts. Plus my credits is not transferrable to other colleges. What should I do, I don't even have a job yet.
2006-10-26 06:23:18 · 9 answers · asked by Dominitrice M 1 in Education & Reference ➔ Financial Aid
The loans may be dischargable. under your circumstances its worth checking in to. Call 1-800-433-3243 to get a list of your current loans and to get basic info on the process, they will most likely refer you to your lenders directly. because you have non transferable credits and the school closed before you could finish your program you do have a good chance at getting them discharged. whatever you do, do not let these loans go into default and do not consolidate them. That will complicate things.
2006-10-26 06:58:16 · answer #1 · answered by doyalikethatdaddy 3 · 2⤊ 1⤋
I also am in Financial Aid. If the school closed prior to or within six months (i think it is) after your graduated, you can contact the state state agency that gurantees your loan and ask to have it discharged. The other option is to take legal action against the owners of the school, in California, you can file an arbitration.
2006-10-26 11:33:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
i comprehend how tempting it really is to seize that tax credit, and probably you are able to deal with it. I in basic terms want you to charm to close you are able to ought to modify your spending activity. Its no good purchase if it ruins you. keep in mind, property taxes, drapes, fixtures, coverage, crap the breaks ie a/c or warmth, backyard mower, water bill, electric powered bill. sit down and make your self a spreadsheet and in basic terms be particular it really is going to be a blessing for you, and not in any respect a nightmare. the best purchase may be the following for a minimum of yet another year.
2016-12-05 06:21:26 · answer #3 · answered by blessing 4 · 0⤊ 0⤋
depends on who paid your loan, if it was a federal loan, no you dont, but you do have to get it cancelled and discharged. if it was a private company, sometimes they are willing to work with you, pull out your loan paperwork and see who holds the loan and then call them and explain the situation. If you paid any out of pocket expenses, you may be entitled to sue the school and get your money back.
2006-10-26 06:33:12 · answer #4 · answered by ms.chic 3 · 1⤊ 1⤋
if you made a student loan you will have to repay it. The school has taken money from you and you probably cannot even sue them, if they are closed down. It is unmfortunate, but it happens. Sorry.
2006-10-26 07:01:52 · answer #5 · answered by Anonymous · 0⤊ 1⤋
That same thing happened to my ex husband, and he had to pay the loans. This was about 15 years ago, and we even took it to court, but he was still responsible for the loan. It really sucked. I am sorry it is happening to you.
2006-10-26 06:32:28 · answer #6 · answered by tsopolly 6 · 1⤊ 1⤋
Regardless of all those excuses, if you borrowed the money YOU MUST PAY IT BACK!
It's explained clearly in the fine print that YOU signed. They don't care about any sob stories... they want their money back!
2006-10-26 10:28:28 · answer #7 · answered by chocolate-drop 5 · 0⤊ 0⤋
If you have spent the money. Then you have to pay it back to the bank. If you borrowed the money from the school that collapsed Then no, dont pay them.
2006-10-26 06:31:39 · answer #8 · answered by ? 6 · 0⤊ 1⤋
if you borrowed the money, you have to repay it regardless of the outcome
2006-10-26 07:00:18 · answer #9 · answered by kapute2 5 · 0⤊ 1⤋