My 80 yr old dad co-signed about $50k of student loans for my niece. She graduated and got a job but says she can't repay. My parents get soc security and have some retirement income from my dad's job. they no way have or will have the money to repay this loan if my niece defaults. What happens?
He only working 3 nights? Cant he find another part time job???
Sub: #81 posted on Fri, 07/23/2010 - 16:52
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Sub: #82 posted on Mon, 07/26/2010 - 18:14
The guarantey agency will sue even if payments are being made. Why? Because it protects their interests.
Sub: #83 posted on Mon, 07/26/2010 - 18:37
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And, again, isn't there a head of household exemption against garnishment in FL and isn't NH a state in which garnishment is extremely difficult? (Private loans).
Sub: #84 posted on Tue, 07/27/2010 - 04:56
Sub: #85 posted on Tue, 07/27/2010 - 10:02
Sub: #86 posted on Tue, 07/27/2010 - 11:08
He only working 3 nights? Cant he find another part time job???
Can you PLEASE help me! I BEG of you! I started a thread under Silly Aries in this forum. Will you please go there to see if you can offer me any advice. I'm all out of options and I dont know what else to do. Please help if you can and God bless!
Sub: #87 posted on Tue, 07/27/2010 - 11:10
Can anyone recommend a means to clear that up? I assume fed agencies are not especially motivated to help clear this up. I'm actually open to sucking it up and just paying off the whole loan, if that would help. But since I'm not sure it would, I am holding on to that money for now...
Best wishes,
C
Sub: #88 posted on Tue, 07/27/2010 - 16:30
Sub: #89 posted on Tue, 07/27/2010 - 16:53
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Sub: #90 posted on Tue, 07/27/2010 - 17:48