I had a loan several years ago through my university, basicly like a line of credit. The creditor is listed as XXXXX State University. The loan went unpaid (I know shame on me) and went to a collection agency. I filed Bankruptcy in 2005 and the Collection agency is telling me that this loan is still owed because it is a student loan. I understand that Guaranteed student loans, such as Stafford, Plus, etc. are backed by the government and not dischargeable, but what about this one? Thanks
2006-11-08 07:58:53 · 3 answers · asked by rd 2 in Education & Reference ➔ Financial Aid
It could be known as a "signature" loan...but yeah, if you're getting a loan for higher education, it's a student loan and you're gonna have to pay that **** back. Sorry to hear about the bankruptcy.
2006-11-08 08:02:16 · answer #1 · answered by too funny 3 · 0⤊ 0⤋
hmmm well I don't know about this one. Most colleges do not give out federal backed loans (which are what student loans are).
They do however like to give out short term emeregency loans to students who apply. I would think that the collection agency is lying to you. really what you gotta do is find a lawyer if you want to contest this.. probably your bankruptcy lawyer.
2006-11-08 09:32:57 · answer #2 · answered by travis R 4 · 0⤊ 0⤋
That replaced into ridiculous overkill. They detained him and his childrens for 6 hours. i'm confident that did not reason any trauma to the youngsters. Sarcasm/ OFF not paying a scholar mortgage isn't both a violent crime, or a criminal act. that is a civil count number. The SWAT crew replaced into way out of line. He could sue the residing **** out of both the dep.. of Non-practise AND the city of Stockton. yet another misstep by someone operating contained in the Obama administration. i'm not extremely shocked.
2016-11-28 22:29:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋