Does anyone know the penalties of defaulting on a student loan?

Answer I don't know about legalities but defaulting on a loan of any kind seriously screws up your credit.Obviously, you have a college education and you're now an adult. Your credit rating is extremely ... Read More »

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Does anyone know of private student loan company for a student with below-average and no co-signer?

You ask, "Does anyone know . . . ?"The answer to that question, whether ANYONE KNOWS, is certainly there must be someone out there who knows.But is that what you really were asking about?Maybe you ... Read More »

STUDENT LOAN QUESTION: I was curious about whether you could be put in jail for defaulting on student loans?

You cannot be put in jail for defaulting on your loans because there is no debtor's prison in the U.S. Also, you cannot have your education revoked because of bad debt. However, your Alma Mater may... Read More »

Can someone be sent to jail for defaulting on the student loan?

No. Debtor's prison in the United States was outlawed in about 1833. Now - you can still go to jail for things that are related to refusing to pay your debts, like, for example, if you are convicte... Read More »

Does anyone know anything about getting a student loan with bad credit NO DISRESPECTFUL ANSWERS!!?

I have terrible credit and got student loans through Sallie Mae and Great Lakes... i signed up for them through the Fafsa web site. have to fill out alot of stuff, but... Read More »