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Lobby General Discussion topic #13494796

Subject: "College debt w/out the loan" Previous topic | Next topic
3CardMolly
Member since Jun 08th 2007
13797 posts
Sun Nov-19-23 07:33 PM

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"College debt w/out the loan"


  

          

Can you file bankruptcy on college debt that is not a loan?

Situation: Son went to college on scholarship, blew last semester which blew the scholarship. School has charged him for the courses/housing etc total $26K. It's not a loan but was an automatic charge placed on his account because the scholarship was not paying for that bs.
So...can it be filed in a bankruptcy?


  

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Topic Outline
Subject Author Message Date ID
It DEPENDS
Nov 19th 2023
1
Points noted
Nov 26th 2023
3
      more than likely they are on the hook for it
Nov 27th 2023
6
           Yep that definitely sounds like SCAD
Nov 29th 2023
7
sounds like a fucking scam
Nov 20th 2023
2
RE: sounds like a fucking scam
Nov 26th 2023
4
      yup, those art schools are predatory
Nov 27th 2023
5

handle
Charter member
18948 posts
Sun Nov-19-23 08:37 PM

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1. "It DEPENDS"
In response to Reply # 0
Sun Nov-19-23 08:39 PM by handle

          

He probably singed a contract for the scholarship and the details will be in there it probably says if you don't meet certain conditions that it's a loan - or maybe it says it's a loan UNLESS you meet certain conditions - like completing the coursework with an acceptable grade.

But also sometimes the portion of a private student loan that wasn't tuition can be discharged.(Think housing and food costs.)

But also even federal loans can be discharged in some specific cases.

They made it a lot harder in 2003, but it can still be possible.

You need to talk to a lawyer.

------------


Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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3CardMolly
Member since Jun 08th 2007
13797 posts
Sun Nov-26-23 09:15 AM

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3. "Points noted"
In response to Reply # 1


  

          

One thing I didn’t mention was that the scholarship is not from the school, completely different source.

  

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legsdiamond
Member since May 05th 2011
79574 posts
Mon Nov-27-23 07:54 AM

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6. "more than likely they are on the hook for it"
In response to Reply # 3


          

those schools use some shitty 3rd party banks.

more than likely they will get it forgiven 10 to 20 years from now in the next lawsuit.

The Art Institute schools just settled a class action for preying on students with these lying ass promises of landing jobs.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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3CardMolly
Member since Jun 08th 2007
13797 posts
Wed Nov-29-23 07:32 AM

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7. "Yep that definitely sounds like SCAD"
In response to Reply # 6


  

          

  

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legsdiamond
Member since May 05th 2011
79574 posts
Mon Nov-20-23 07:52 AM

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2. "sounds like a fucking scam"
In response to Reply # 0


          

I thought losing a scholarship meant next semester is on you.

they pulled the rug immediately on him?

gotdamn..

is this a for profit school?



****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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3CardMolly
Member since Jun 08th 2007
13797 posts
Sun Nov-26-23 09:17 AM

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4. "RE: sounds like a fucking scam"
In response to Reply # 2


  

          

Yes it is for profit, SCAD.

  

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legsdiamond
Member since May 05th 2011
79574 posts
Mon Nov-27-23 07:30 AM

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5. "yup, those art schools are predatory "
In response to Reply # 4


          

and way over priced.

just go to a community college and then find a university with a good art program.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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