$ 5 billion student debts may be written off due to loss of papers
Payment of student loans pursues college graduates for several years after they receive diplomas.
But due to the loss of documents, the debt on some student loans totaling 5 billions of dollars can be written off by the courts, reports Fox business.
These are private loans issued National Collegiate Student Loans Trustin respect of which extremely important legal documents have been lost.
Lost papers on 166 000 individual loans totaling 5 billions of dollars.
In respect of these loans is currently undergoing trial.
Initially, these loans were issued to students by banks, and then merged and sold National Collegiate Student Loans Trustit is therefore unclear who exactly owns individual loans, but since National Collegiate Student Loans Trust can not confirm their ownership of these loans, providing official documentation, the court will be forced to write off these debts.
The amount of total debt on student loans in the United States is about 1,4 trillion dollars.
Read also on ForumDaily:
stdClass Object ([term_id] => 1 [name] => Miscellaneous [taxonomy] => category [slug] => no_theme)Miscellaneous
stdClass Object ([term_id] => 12 [name] => In the US [taxonomy] => category [slug] => novosti-ssha)In the U.S.
stdClass Object ([term_id] => 407 [name] => court [taxonomy] => post_tag [slug] => sud)court
stdClass Object ([term_id] => 18102 [name] => student loans [taxonomy] => post_tag [slug] => studencheskie-kredity)student loans
Let's face the crisis together and support each other
Thank you for staying with us and trusting! Over the past 5 years, we have received a lot of grateful feedback from readers, whom our materials have helped to arrange life after moving to the United States. We have big plans, we do not want to stop or slow down the pace of work. Even now…
The COVID-19 pandemic has negatively affected our income, and in order to stay afloat, we have to ask YOU for support. We will be grateful for any amount and will make every effort to continue to publish news and a lot of useful information just as quickly.
Thank you for being with us!
Always yours, ForumDaily!
Security of contributions is guaranteed by the use of the highly secure Stripe system.
Do you want more important and interesting news about life in the USA and immigration to America? Subscribe to our page in Facebook. Choose the "Display Priority" option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram - there are many interesting things. And join thousands of readers ForumDaily Woman и ForumDaily New York - there you will find a lot of interesting and positive information.