private student loan
So is your request unreasonable? I'm not sure about unreasonable, but it might be unrealistic. Answer: But when it comes
The real question everyone needs to ask is at what point do you sacrifice a safer financial future to attempt to remedy an unfortunate past financial situation? To understand the role and/or strategy of this approach you have to apply math and reality rather than just emotion and assumptions. Which do you think your banker is using?
Question: Dear Steve, Hi Steve, I co-signed my daughter's student loans which she and her husband stopped paying because
Dealing with student loans can be a frightening process. Not only is student loan debt exploding but there is a significant amount of concern that many students were misled and lied to by schools willing to sell butts into seats with nearly almost any misrepresentation.
Faced with a lack or loss of income and a demand for payments you can't afford to make over a long period of time, your choices on what to do are limited, but you have some.
An exploding balance is alarming. To see your balance growing so much that it approaches doubling is certainly a concern. But there are some very valid reasons why this might happen.
The Department of Education has just released guidance on how it will handle bankruptcy discharge requests for government backed student loan debt. And while the guidance is helpful, it's also a bit disingenuous in that it places the burden on students who believed what schools and colleges sold them as a smart financial move.
I was wondering if there was any type of escape clause in our situation where the actual student who borrowed the money is no longer affiliated with the loan and the signer and co-signer are elderly with no means to pay the loan.
I fully expect we will see new regulations and rules in the near future regarding collecting this expired debt. Soon, debt
The inability to defer private education loans adds tremendous pressure to these students and their families. If a student is in school when repayment must begin, there is an unavoidable shift of responsibility to the co-signer. Is this always fair?