Disclosing Income to Child ...

NikkiiL
Sat, 16 Jan 2010 12:38:05 +0000

Allthis,

Who are they gong to sue for fraud? The school? Nope…the student “signed” all of the legally required paperwork authorizing the loans. The parents? Nope…the student “signed” all of the legaly required paperwork and I doubt the parents would admit their actions before a judge. Just like with the laws of the land…ignorance is 9/10 of the law. The student wouldn’t have a legal leg to stand on since the student’s name would be on all of the paperwork, no proof would exist that it wasn’t the student who authorized the loans, and it was the student who directly benefited from the loans (by way of getting the degree).