Sentences with phrase «cease on any of your loans»
If you choose for your loans to be placed into forbearance or stopped collections status, shortly after we receive your application, your loans will be placed in forbearance, and collections will cease on any of your loans that are in default while your application is evaluated.
https://studentaid.ed.gov/ Not exact matches
«Many student loan servicers do not inform borrowers that the payoff attempt failed and cease communicating regularly with the borrower for a significant period of time because the borrower has paid enough to cover subsequent months and does not have a monthly payment due, even though a small balance remains on the loan or account,» the CFPB reports.
Borrowers who fail to cease using their high interest cards after consolidation run the risk of falling even deeper in debt - because they now have both a loan consolidation payment and a credit card balance to pay on each month.
In the Pyke case it was held that a student ceases to be a full - time student on the last day of the month of Canada Student Loan Act eligibility, not the graduation date.
First, if you have ceased to be a student for more than seven years at the time of bankruptcy your student loan will be automatically discharged, unless the government objects to your discharge, which they will do on occasion.