Sentences with phrase «active loan files»
Not exact matches
According to the Educational Credit Management Corp., a guarantee agency that manages the student loans of federal borrowers with an active bankruptcy filing, about 72,000 federal student loan borrowers filed for bankruptcy in 2008, but only 29 succeeded in obtaining a full or partial discharge of their loans.
https://usstudentloancenter.org/
The UCC - 1 is active for five years, which means that a lender will need to renew the filing to keep interests protected for loan terms extending longer than five years.