A few days ago
CHUTKA

If a credit card is in collections. Can they take a person finacial aid or Federal student loans?

If a credit card is in collections. Can they take a person finacial aid or Federal student loans?

Top 2 Answers
A few days ago
Anonymous

Favorite Answer

No, they can’t take your federal student loan money or financial aid from your school or even scholarship money, unless you put it in your personal bank account.
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A few days ago
whoopswhosfault
No but it will ruin ones credit. Once tha happens no more lending of any type except maybe from loan sharks
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