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All student loans must be paid back to the government whether you finished the school you were attending or not. If you go back and re-read your Loan Agreement, you will find that student loans can not be claimed on bankruptcy, nor can they be ignored. By not paying your student loan will cause you to be in default of the loan(s) which you had previously agreed to pay. Please contact your lender immediately in order to may arrangements to set up a payment plan. You may also be able to consolidate your loan(s) with lower payments that are more affordable to your budget. If you do not know who your lender is, you may log in to www.nslds.ed.gov and find out whose your lender and the amount you owe. If your loan(s) go into default, your federal income tax return may be garnished. Plus, not paying your student loan(s) will affect your credit score and your ability to finding a job in some areas of the country. Good luck.
Response Reply posted 5 months ago
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All student loans must be paid back to the government whether you finished the school you were attending or not. If you go back and re-read your Loan Agreement, you will find that student loans can not be claimed on bankruptcy, nor can they be ignored. By not paying your student loan will cause you to be in default of the loan(s) which you had previously agreed to pay. Please contact your lender immediately in order to may arrangements to set up a payment plan. You may also be able to consolidate your loan(s) with lower payments that are more affordable to your budget. If you do not know who your lender is, you may log in to www.nslds.ed.gov and find out whose your lender and the amount you owe. If your loan(s) go into default, your federal income tax return may be garnished. Plus, not paying your student loan(s) will affect your credit score and your ability to finding a job in some areas of the country. Good luck.
Response Reply posted 5 months ago