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08-18-2006, 11:54 AM
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gotta love terms of the loan
well i felt like being random and sharing some bit of the humor i got while i was filling out a student loan term paper for osu this next year.
"21. Discharge (having your loan forgiven). We will discharge (forgive) your loan if: - You die, and the Direct Loan Servicing Center receives an original or certified copy of your death certificate. In exceptional circumstances, we may discharge your loan based on other reliable documentation of your death. "
they "MAY" discharge the loan if i die. well i guess that is one way of getting around loans.  |
08-18-2006, 01:16 PM
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King, and now also Queen, of Battle
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If they don't discharge it, then somebody else will end up being responsible for it after your death.....I believe the same person who gets your assets after you die.
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08-18-2006, 01:20 PM
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Wanna make $14 the hard way?
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Originally Posted by Jeffcat
well i guess that is one way of getting around loans. |
Believe me, after paying $700+ every month for the past 10 years, there were a lot of times I wondered if death wasn't a better solution.
3 more months and I'm done though!
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Quote:
Originally Posted by BB73
Teams with as many Coaches National Championships in football as TSUN:
Baylor, Duke, Northwestern, Indiana, Vanderbilt, Rice, Idaho, Florida International, North Texas State, San Jose State, Temple, Central Michigan, ...
You get the idea.
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08-18-2006, 01:23 PM
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Tanned Fat Looks Better
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Quote:
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Originally Posted by ArtilleryBuck
If they don't discharge it, then somebody else will end up being responsible for it after your death.....I believe the same person who gets your assets after you die.
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Not true. BKB can explain better, but as I understand it... the only way that someone else would be responsible for your debt is if they too are on the loan (co signer, joint account, etc.). This goes for all debt. But like I said, BKB could explain better.
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08-18-2006, 01:25 PM
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King, and now also Queen, of Battle
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Quote:
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Originally Posted by ScarletInMyVeins
Not true. BKB can explain better, but as I understand it... the only way that someone else would be responsible for your debt is if they too are on the loan (co signer, joint account, etc.). This goes for all debt. But like I said, BKB could explain better.
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I stand corrected....didn't know that.
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08-18-2006, 01:53 PM
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Banned
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Quote:
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Originally Posted by AJHawkfan
Believe me, after paying $700+ every month for the past 10 years, there were a lot of times I wondered if death wasn't a better solution.
3 more months and I'm done though!
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yea i kinda feel the pain already. im taking out a $3500 loan this year at 6.8% then hopefully by next i will be on scholarship. i dont have a lot saved up and i am paying for half my tuition and rent/utilities/food/misc. as well so it should be interesting. not to mention food in the shoe is about 500% the regular price. but i am applying for a part time job at UPS which starts out at 8.50/hr then is raised to 9/hr after a 90 day probationary period and best of all they pay you $1500 every qtr you go to school so thats about $4500 annually for free right there. i plan on working at ups and the rpac both this summer. should prove interesting.
oh and i have a feeling that 1500 after fall qtr might be going towards a trip to glendale |
08-18-2006, 02:11 PM
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Heisman
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Quote:
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Originally Posted by ScarletInMyVeins
Not true. BKB can explain better, but as I understand it... the only way that someone else would be responsible for your debt is if they too are on the loan (co signer, joint account, etc.). This goes for all debt. But like I said, BKB could explain better.
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Why would the debts not go to the estate along with assets? |
08-18-2006, 02:13 PM
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Tanned Fat Looks Better
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I believe that's what happens, but like I said... I don't know the details.
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08-18-2006, 02:45 PM
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I think. Therefore, I am
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