2007-01-12 05:39:03 · 10 answers · asked by R 1 in Education & Reference ➔ Financial Aid
YES!!
2007-01-12 05:41:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes you do. If you have taken out a loan to help pay for your education, all or part of it may be cancelled (forgiven) for several reasons. You may qualify for total or partial loan forgiveness if:
* You die or become totally and permanently disabled
* The school closed within 90 days of your enrollment and they were unable to finish their program of study
* The school did not properly qualify your status before they began studies
* You did not receive a refund that was due to you
* Your signature was forged
* The school did not properly evaluate your ability to benefit from the coursework before beginning studies
* The school does not make required return of loan funds to the lender
* Your loan is discharged due to bankruptcy. Cancellation is possible only if the bankruptcy court rules that repayment would cause undue hardship
* For child care providers, A.A. or B.A. in early childhood education required. Must have worked for two consecutive years in eligible child care facility serving low income community
Your loan cannot be discharged solely because you believe that the school you or your child attended did at least one of the following:
* Provided poor training, had unqualified instructors, or inadequate equipment
* Did not provide job placement or other services that it promised, or
* Engaged in fraudulent activities (other than falsely certifying the loan)
* If you believe you are eligible for loan forgiveness, contact the holder of your loan
Hope this helps!
Christopher S. Penn
Producer, the Financial Aid Podcast
Daily free financial aid internet radio, no iPod required
http://www.FinancialAidPodcast.com
FinancialAidPodcast [at] gmail [dot] com
2007-01-12 13:42:05 · answer #2 · answered by Anonymous · 1⤊ 0⤋
OH YEAH! Finished or unfinished, any student loan has to be repaid. They will go as far as to garnish wages, take any tax refund(s) you have coming.
2007-01-12 13:42:19 · answer #3 · answered by DennisEastDennis 2 · 1⤊ 0⤋
yes so finish the class
2007-01-12 13:42:06 · answer #4 · answered by carmicdy 1 · 1⤊ 0⤋
Talk to your school's financial aid counselors. They can get you in touch with the loan provider to discuss what your legal options are.
From my understanding, you borrowed the money so it must be repaid.
2007-01-12 17:36:49 · answer #5 · answered by Searcher 7 · 0⤊ 0⤋
Of course - And because it's a student loan they can Garnish your wages if you don't pay :)
2007-01-12 13:42:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes.
If you do drop a class, always do it as early as possible and before the tuition refund deadline.
2007-01-12 13:42:53 · answer #7 · answered by Julian A 4 · 0⤊ 0⤋
yes you do and dont forget the intrest they charge
2007-01-12 13:42:15 · answer #8 · answered by sammie 6 · 0⤊ 0⤋
YES
2007-01-12 13:46:35 · answer #9 · answered by autism_mom43 2 · 0⤊ 0⤋
YES!
2007-01-12 13:45:53 · answer #10 · answered by madjennyvane 3 · 0⤊ 0⤋