Need 7k a yr in schoaeships help

lostaccount
Sun, 14 Apr 2019 20:29:38 +0000

In terms of “Your parents don’t have to agree to your taking the loan, your signature is all that is required. If they don’t want you to take it, they can pay.”

Keep in mind that there is no way to discharge the student loans without paying back every penny even if you or your parents declare bankruptcy. In that way, the loans are a real scam. You can get rid of debt without paying it back by declaring bankruptcy if you spend too much money on clothes, wining and dining and partying or if you invest poorly. Billionaires can get rid of debt related to businesses that were poor investments. But poor people who took out loans to get an education can never ever discharge them without paying back every penny (except for occasional federal programs, most of which mandate you work in a certain place doing a specific task).

A better idea would be to see if your parents are willing to lend you the money. They can draw up a contract and make if official. But then they would have control over whether or not you get some wiggle room and/or if you have to pay it back completely. They can also forgive a certain amount each year (not sure the limits) if they choose without tax consequences.