What happens if I got a student loan but leave school?

[Anonymous]

Does I’m still getting the money or they will cut it

[LazerBean]

I think you will still get it, you just won't be able to get another one. And if you don't pay it off they will still come after you. I still get occasional calls from loan collectors about a person I went to college with who took out loan out the very first semester and then never finished those classes.

[DEondeBeaumont]

Why do the loan collectors call you?

[musicbrain5]

Why do you get calls about someone else’s loan?

[LazerBean]

Because she will not answer their calls, so they are trying to find someone who has had recent contact with her to find out more about her.

[musicbrain5]

You will have to pay back all the money you borrowed. All the answers should be included in the fine print of the contract you signed with the bank or loan officer. Read that.

[HighValue]

The loans follow you forever. You can't even declare bankruptcy against them either. If you make enough money and try not to pay, the government can also attach your wages. (The money is deducted for your paycheck before you even see it.)

[Anonymous]

you're going to be paying to make those institutions richer for the rest of your 20s, or will they take it out of your paycheck. And now you dont have a degree and will be working at McDonald's or as a super in an apartment complex.

[Kori1236]

Depends on how you get the money. For my student loan they directly pay the school while I pay it back

[Agape93]

They'll cut it and depending, you may have to pay it back in full.

[FunkyMonkee]

If you get it, you'll have to give it back no matter what you do.