Sentences with phrase «cancel loan liability»
This program allows you to cancel loan liability for federal loans obtained after January 1, 1986 if the school failed to pay a refund required under federal law.
http://www.studentloanborrowerassistance.org/ Not exact matches
to the CFPB expressing concerns that students who attended the now - closed Corinthian Colleges may not have received the student loan relief they are entitled to under a settlement agreement, resulting in students incurring tax liability for canceled loans.
Hence, while you do gain more cash assets from your student loans, they are cancelled out by the fact that you also increase your liabilities.
Even when a loan is declared unenforceable, it does not mean that the underlying liability is cancelled, nor that the borrower can automatically require the removal of any default from the credit file and a fuller explanation as to the status of irredeemably unenforceable loans, is helpfully set out by the Appellate Judge giving the leading judgment in Wilson v Hurstanger Ltd [2007] EWCA Civ 299, [2007] All ER (D) 66 (Apr).