Additionally, you must be enrolled in
the right type of repayment plan.
Not exact matches
Nick: Well, if I understand all the complications, and the loans, and the interest rates, and the servicers, and all the different
types of repayment plans — it kinda sounds like the same thing, like you can do your own taxes,
right?
Depending on the
type of loans, consumers have a variety
of repayment options and
rights during the collection process.
Below is a complete explanation
of both
types of debt
repayment strategies so you can compare which method is
right for your situation.
Before you sign up, make sure you carefully check the
type of contract you are agreeing to, its terms and conditions, your
repayment obligations and your protections and
rights if things go wrong.
Student loans give college students the flexibility to choose the
type of school that is
right for them and, by allowing the students to defer
repayment while in school, the government and private lenders encourage students to manage their own educational decisions and increase access to a college diploma.
Subrogation With any number
of types of insurance policies, subrogation gives the insurance company the
right to chase after a third party for
repayment if they are at fault.