By Deadendjob - 22/05/2017 02:00
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My parents did the exact same thing to me. They literally just flat out refused to sign anything so I could get financial aid. I had to wait FIVE YEARS till I turned 24 so Ny state would use my financial background instead of my parents. There was no other way around it.
I often (well maybe not often but regularly) see here post about people having parents with such behaviour. And eveytime I can't process how parents can act that way towards their children. It sounds so illogical when parents are supposed to wish and do the best for their children. And it's not always parents who had a tough life or stuff like that. Considering this is not even a perfect excuse, both my parents have had an atrocious youth and even after their lives have been full of countless harsh moments ; still they did their best for me.
If you default on loans, this makes them responsible. They have every right to refuse.
That doesn't mean that the kids can't pay the parents back at least. Does the word "instalment" mean anything?
Not in the US, unless they cosign a private loan. The federal student loans are the responsibility of the borrower.
Unfortunately that is not true. The parents become responsible for the students financial aid if he defaults if parents have signed the documents. I work in finance and see this coming up on adults Financial papers that they owe their kids debt, from their kids refusing to pay. they can use the parents financial information help qualify for Grants, but if the kid is getting any financial aid and the parents signed they can be held responsible and this is in the US