To Remove Student Loan Debts - Should We Sue Department of Eduction or Service Provider
Yes, the Department of Education can be sued via the Federal Tort Claims Act (FTCA) which allows individuals to use a federal government agency for damages, loss of property, personal injury or death due to negligent or wrongful actions taken by that agency and/or its employees. That being said, federal student loan servicers handle your federal student loans on behalf of the U.S. Department of Education. It is the service provider that can remove the student loan from all records. Service providers such as Aidvantage, SoFi, Edfinancial, MOHELA, Nelnet, FedLoan, OSLA, CornerStone Education, ECSI, Granite State, College Ave, etc. can be taken to court without them declaring 'sovereign immunity' like the Department of Education could.
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Can A Child Receive A Student Loan If Parent Is Blacklisted From Receiving Future Student Loans
If one has removed their old student loan debts with the Debt Removal Secrets program then the system will blacklist that person so they cannot receive further student loan grants / loans. This applies to those with a CIBIL Score under 650 and even ...
How Do Deferred Student Loans Affect One's DTI (Debt To Income) Ratio
Only when a loan is reporting as a $0 payment to the credit bureaus will it not affect a debt-to-income ratio. If it is reporting as deferred then a percentage of the balance (i.e. 0.5% or 1%) is used to determine the monthly minimum payment. If a ...
Are Student Loans Personal or Business Loans
Student loans are personal loans because a Social Security Number was used when applying for funding.
Can Anyone and Any Entity Be Co-Signer For A Student Loan
A spouse, relative, guardian, or friend can be a cosigner; however, only one person can cosign for a private student loan. Even if two people are willing to be cosigners, only one can be. A cosigner is equally responsible for repayment of the full ...