Why I Defaulted on My Student Loans

[DrunkenNovice]

i forgot who said it on SOHH back in the day but they said what his friend's parents who were buisness owners did was set up a corporation, put the kid on payroll, use the corporation line of credit to pay for kid's education as a benefit, once the kid graduates, wait a little bit and then have the corporation file bankruptcy. dont know hhow true or legal all of this is or even if it makes sense but i was

Could work, but not foolproof.

Thats all ill say....you know the feds listenin

 

[s3ven_LvLs]

How do you know if you have defaulted on your loans anybody ? Just got a job option opened through networking and they asked about it and I told them no thinking they would have told me personally like they would have called me and told me directly that they would be defaulted.

 

[CodeBlaMeVi]

How do you know if you have defaulted on your loans anybody ? Just got a job option opened through networking and they asked about it and I told them no thinking they would have told me personally like they would have called me and told me directly that they would be defaulted.

You'll receive an email or something in the mail. I have to update my deferment. I'm applying law school regardless so it's whatever.