Disclosing Income to Child ...

kelsmom
Fri, 15 Jan 2010 23:21:08 +0000

The student should sue for fraud?! How so? The student REQUESTS the loan. It requires entrance counseling & a Master Promissory Note to be signed before funds can be disbursed. Students get confirmation from both the school & the lender after funds are disbursed. The only reason they don’t know is because they are completely clueless about what a loan IS. I have seen letters from students saying they didn’t understand they’d have to pay the loan back. A student asked for “the kind of loan I don’t have to pay back.” The point is, students need to be responsible for their aid process & they need to PAY ATTENTION to the information they are asked to read.