Can you go to jail if you can't pay back loans, such as student loans?

Can you go to jail if you can't pay back loans, such as student loans?
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1 Answer

Answer :

No, you can’t go to jail. You may end up bankrupt, and you may be in debt for a long time. But you won’t go to jail.
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Will this hurt my credit?

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Can I legally cancel a loan contract?

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Where can I get a loan to purchase a business, even though I have bad credit at the moment?

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What are my options if I'm not earning enough to pay back my student loans?

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Is there assistance to pay off existing student loans?

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Can I go to jail for student loan default?

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Is there any legal way to not pay students loans back?

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If I have a Student Loan from an institute, does that mean I can't go back to college to actually get my degree?

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Can homeless people get student loans?

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Do you know that your student loans can sometimes be forgiven if you have a permanent severe disability?

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Can I immigrate to the UK if I owe student loans in the US?

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Have you ever used Sallie Mae for student loans as an undergraduate?

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Alternatives to borrowing a couple grand for school (a post-grad program) without going the way of student loans?

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Last Answer : Will your current employer sponsor you? Some companies and organisations will (though most don’t). You could approach your boss about it, unless you’re undertaking further education to get out of the job!

Is there a student loan insurance market and where can I find detailed data of student loans in the U.S.?

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How can I help my brother with his student loans?

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Do you regret taking student loans?

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Last Answer : Well I don’t regret it yet, but yes, I apparently will. Either way though, it seems that I exist merely to pay for things, so even if I hadn’t got any, I’d still be paying things off everywhere, so what the hell.

Does anyone know a good company to consolidate student loans?

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Last Answer : Welcome to the real world! you think it’s bad now . . . wait till you get to form a family with kids. . . . you’ll need all the training and disciplne you can learn at this time. Check out www.SallieMae.com

What's a good way to get student loans organized?

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Last Answer : See if you can get the Federal Student Loan Program to take over your debt.

So I have an idea to start a program for students in debt with student loans, how can I start this?

Description : So I have an idea to start a program for students in debt with student loans, how can I start this?

Last Answer : first of all, paragraphs are your friend. it sounds like you want to set up a non-profit agency. You need to file with your state to begin. You must have a plan in place before you file. For ... as a non-profit agency so they can report it as a donation. http://www.usa.gov/Business/Nonprofit.shtml

Can an unclassifed graduate student get private student loans?

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Last Answer : Sure. I have a friend who took out a $28,000 loan from a bank to complete a post-baccalaureate pre-med program. …but make sure it’s worth it.

Does it matter which lender I choose for my federal student loans?

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Last Answer : The differences have to do with the fine points of repayment. Check out this article to see if any of these apply to one or the other. Also, Fifth Third bank has had some problems with government auditors. Good luck, PnL!

Best interest rate for private student loans?

Description : Best interest rate for private student loans?

Last Answer : citibank mine seem to be really low what is your current rate?

Can I re consolidate my student loans now that the interest rate is lower?

Description : Can I re consolidate my student loans now that the interest rate is lower?

Last Answer : It would be advisable. Speak to a specialist broker.

Can I "sell" my student loans to another company?

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Last Answer : I'm actually sort of in the same position. From what I've been able to tell, there aren't many, if any loan companies that will consolidate all your loans and put off repayment. You may have to ... so hardly any US lenders wanted to deal with me other than Sallie Mae (but they're super corrupt).

Any advice when looking for student loans/funding?

Description : Any advice when looking for student loans/funding?

Last Answer : Let me warn you now: Don’t be fooled by those fake FAFSA people who charge you to process an application. Applying for FAFSA is free. It is a government program. My dad got tricked into paying for it… I shoulda set it up for him