Do you have to pay back a college loan if you don’t end up going to school?
Thursday, June 3rd, 2010 at
9:14 am
Meg asked:
I took out two loans this year for college. One subsidized and one unsubsidized. I found out a week before school that I didn’t get a third loan I was supposed to receive. Because of this, I can’t afford to go to my school. Do I have to pay back those other loans now? Can they be transered and used at a different school? I’m in a huge mess right now.
I took out two loans this year for college. One subsidized and one unsubsidized. I found out a week before school that I didn’t get a third loan I was supposed to receive. Because of this, I can’t afford to go to my school. Do I have to pay back those other loans now? Can they be transered and used at a different school? I’m in a huge mess right now.
Tagged with: College Loan • Going To School • Loans
Filed under: Student Loans
Like this post? Subscribe to my RSS feed and get loads more!
The short answer is “yes, you have to pay them back”. If you did not spend them then it is easy to cancel them. You may have to pay a fee.
You can contact the financial agent and get a modification on your loan. If you were granted for one, they may grant for others.
I am Anita brown from Texas ; I was privilege to come in contact with this lender named Steve Davidson (MD) who assisted me with a loan of 110,000K USD. it wasn’t easy getting a reputable loan company but with the guidance of God and sincere heart i was able to get in touch with him through a friend here. His email is he is as good as done when you contact him for a loan. As the adage goes, a word is enough for the wise. Don’t west your time contacting fraudsters if you are in dire need of cash. I have my own fair share of it and know what it means deep in my skin
Email>>>>Stevedavidsonloan32@yahoo.com
They offer all kind of loan they are
Short term loan (1_5years) Media term loan (5_10)
Long term loan (10_20)
They offer loan like (1) Home loan!!!!!!!!!!!
(2)Business loan!!!!!!!! (3)Debt loan!!!!!!!! (4)Student loan!!!!!!!!
(5)Business start up loan!!!!!!!!!!!! (6)Business loan!!!!!!!!!! (7)Company loan