I was injured in college and will never be able to pay this thing back. I am permanently, partially disabled. I can't run around like I used to and hustle two jobs. ANY ANSWERS?
2006-12-10 11:02:43 · 10 answers · asked by jayndee13 4 in Education & Reference ➔ Financial Aid
Sometimes students loans can be "forgiven" if you go to work in an underserved area. This might be as a teacher in a Title I school or a nurse in a low income neighborhood.
Talk to your lender and find out if you have a skill that is needed in an underserved area. Then be sure to complete the paperwork necessary to have the loan forgiven. Good luck.
2006-12-10 11:14:45 · answer #1 · answered by College Advisor 3 · 1⤊ 0⤋
i understand you reported you probably did not opt to take heed to it, yet i visit no longer help yet communicate about that paying off a student loan with a mastercard is about the dumbest theory someone could have. student loans have a lot decrease charges of pastime. also, in case you attempt to get yet another loan interior the destiny like for a house, a vehicle, and so on, you're able to have a much extra perfect probability of having a loan with good charges once you've student loan debt particularly than mastercard debt. charge playing cards also cost expenses and carry charges of pastime in case you leave out a value while student loans can be a lot extra forgiving. to respond to you question even with the truth that, i'm quite particular that in case you repay some thing with a mastercard even if it truly is loans, clothing, foodstuff, and so on., it truly is going to be dealt with an identical way. subsequently, in case you repay student loans with a mastercard, you'll now no longer have student loans. you'll only have quite some mastercard debt it really is far worse than student loans.
2016-11-25 19:31:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There are very few was to get out of paying a federal loan. Even if you declared bankruptcy, you would be forced to pay back the loan. I am not quite sure about a partially disability. I imagine you may still have to pay it back. When you took out the loan, it was a federal contract, so it is very difficult to get out of.
Take Care
2006-12-10 12:20:19 · answer #3 · answered by iloveeeyore 5 · 0⤊ 0⤋
Student loans are no longer dischargeable in bankruptcy just because they have been in pay status for a given period of time. The only way the loan can be discharged is by proving that repayment of the loan will create an undue hardship on the debtor/borrower and his family.
Seems like a hardship to me. Check out the source of this info for advice. It is a legal site.
2006-12-10 13:10:03 · answer #4 · answered by Amy B 2 · 0⤊ 0⤋
Why would you want to? You have borrowed money for a reason, and have an obligation to pay it back. Excuses are no good; we all have a disability of sorts...emotions, physical, financial, but to be adult we have to face our responsibilities. Talk to those who you owe the money to; they have lots of ways to work around this. But don't set yourself up by getting an education, and then trying to learn how to get out of responsibilities. That isn't taught in any college I've been to. No, I don't like paying back bills, but I needed to think about that before I bought whatever I bought. Including my education. And yes, misfortune comes to a lot of us, but we work it out somehow, over the years. If you do find a way to beat the system, you'll join lots of people in congress and other places who live that way. For your sake, I hope you choose another road to travel on, one paved with honesty..
2006-12-10 11:08:13 · answer #5 · answered by dutchlady 5 · 0⤊ 0⤋
Well you can't get out of paying it back, but if you call them and explain the situation I am sure they will figure out something.
Maybe lower payments, but you should get disability so that will make it better too. All I say call them and see what happens.
2006-12-10 11:16:09 · answer #6 · answered by Anonymous · 0⤊ 0⤋
pretty difficult to have a student loan discharged. You would need to work with your lender to prove that you are totally and permenantly disabled.
2006-12-10 14:32:48 · answer #7 · answered by SZ 3 · 0⤊ 0⤋
there is a way i guess if you get disability but its hard. Call the company the loan is from.
2006-12-10 18:55:56 · answer #8 · answered by fowlereagles2004 2 · 0⤊ 0⤋
Write to your lender. They usually have a payoff clause in there if you are permanently injured.
Redgardless, you need to communicate with your lender if yu cannot continue to make your usual payment.
2006-12-10 11:07:03 · answer #9 · answered by Brandon W 5 · 1⤊ 0⤋
There is no way except maybe pay 10bucks per month they will take your income tax every year to reduce what you owe.
2006-12-10 13:23:42 · answer #10 · answered by bonnie 3 · 0⤊ 0⤋