2007-02-23 03:56:40 · 2 answers · asked by Nancy A. John1 1 in Education & Reference ➔ Financial Aid
Simply put , no. Federal student loans are a secured loan that cannot be written off. Even bankruptcy will not clear these charges from your record. You can make arrangements with the institution that holds your loan for a deferrment (just postpones payments) but in the end you will be held accountable for repayment of all of the loans.
2007-02-23 04:07:10 · answer #1 · answered by joeinchino2000 4 · 0⤊ 0⤋
definite, it quite is resembling an IRS tax lien, it won't in any respect pass away. i'm in the interior maximum loan enterprise and on the 1003 application, you're asked extraordinarily in case you have duties. A fake answer won't purely kill your homestead mortgage, yet technically, it quite is a criminal offense. you are able to attempt and negotiate consisting of your lender, regardless of the undeniable fact that it quite is an prolonged shot.
2016-12-17 17:07:46 · answer #2 · answered by andie 4 · 0⤊ 0⤋