Sentences with phrase «private loans cancellations»
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Unless the private lender made a promise about a cancellation (or discharge) program, private lenders MAY cancel loans, but they usually don't have to.
http://www.studentloanborrowerassistance.org/
Private student loan cancellations are another story.
Unless the private lender made a promise about a cancellation program, private lenders MAY cancel loans, but they usually don't have to.
Unlike FFEL and other government loans, these private loans have no flexible repayment options, no right to cancellations in case of death or disability, no public service forgiveness, not even guaranteed deferment rights.
If you have a private loan, you will need to contact your lender or current loan holder to discuss possible cancellation options.
Private student loan cancellations are another story.
Unless the private lender made a promise about a cancellation (or discharge) program, private lenders MAY cancel loans, but they usually don't have to.
Most private student loans do not include loan cancellation provisions.
For the past two weeks, I have offered a series on private mortgage insurance cancellation, have explained the regulations involved and have offered some tips and tools to help consumers understand their rights regarding cancelling private mortgage insurance coverage for conventional loans.