benny_t
1st String
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I Root For: ODU
Location: Chesapeake |
RE: Student Loans relevant to ODU
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| 08-13-2021 06:44 AM |
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Chillie Willie
All American
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RE: Student Loans relevant to ODU
(08-13-2021 06:44 AM)benny_t Wrote: ODU is using Covid-19 funding to clear unpaid balances from the spring semester.
ODU is not alone. Many schools have used the CARES act to clear student accounts that had debt. It includes any balances for unpaid tuition or fees. This is not the same as loan cancellation. If a student took a loan to pay their tuition they still have to pay back the loan. But if a student just didn’t pay their tuition they should have been withdrawn for classes so there must have been some special circumstances for these debt to accrue.
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| 08-13-2021 08:36 AM |
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Justanodufan
1st String
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I Root For: Odu
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RE: Student Loans relevant to ODU
(08-13-2021 08:36 AM)Chillie Willie Wrote: (08-13-2021 06:44 AM)benny_t Wrote: ODU is using Covid-19 funding to clear unpaid balances from the spring semester.
ODU is not alone. Many schools have used the CARES act to clear student accounts that had debt. It includes any balances for unpaid tuition or fees. This is not the same as loan cancellation. If a student took a loan to pay their tuition they still have to pay back the loan. But if a student just didn’t pay their tuition they should have been withdrawn for classes so there must have been some special circumstances for these debt to accrue.
ODU probably didn’t drop for non payment, many universities didn’t due to covid
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| 08-13-2021 10:31 AM |
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The Flagship
All American
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RE: Student Loans relevant to ODU
I'd rather maintain a strong credit score than declare bankruptcy.
But then again, the people that can't repay their loans probably already have crappy credit scores. Chalk this up to more money out of our pockets for other people's bad decisions.
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| 08-13-2021 11:29 AM |
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Monarchist13
Moderator
Posts: 17,012
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RE: Student Loans relevant to ODU
(08-13-2021 11:29 AM)The Flagship Wrote: I'd rather maintain a strong credit score than declare bankruptcy.
But then again, the people that can't repay their loans probably already have crappy credit scores. Chalk this up to more money out of our pockets for other people's bad decisions.
People enter financial hardship for a lot more reasons than just bad decisions.
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| 08-13-2021 11:50 AM |
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Student Loans relevant to ODU
