What is the name of your state (only U.S. law)? Oklahoma.
I took a fed student loan, but withdrew before the 2 week time limit for having to accept a "w" grade, the college paid the loan to the feds, and now i owe the college 7, at 18%. I never signed off on that, was never warned that it could happen. I thought the originally 6.5k would be rolled into my other 20k of student loans. I"m 62, a junior in college, this will stop all financial aid and I can't go to another college until this debt is settled. I THINK that I can take a bankruptcy on it, am I correct? The college won't take payments. It' going to collections as of 9/18/15. I want to file bankruptcy ASAP. I live on $600 per month SS and $600 per month VA disability. thanks.
I took a fed student loan, but withdrew before the 2 week time limit for having to accept a "w" grade, the college paid the loan to the feds, and now i owe the college 7, at 18%. I never signed off on that, was never warned that it could happen. I thought the originally 6.5k would be rolled into my other 20k of student loans. I"m 62, a junior in college, this will stop all financial aid and I can't go to another college until this debt is settled. I THINK that I can take a bankruptcy on it, am I correct? The college won't take payments. It' going to collections as of 9/18/15. I want to file bankruptcy ASAP. I live on $600 per month SS and $600 per month VA disability. thanks.