Private College Student Loan

dropping out of college?

im droping out of college (trust me its for a really good reason) now i plan not to go back to school at all. Wachovia sent me a bill for $9,347.00 for my education loan. Im supposed to start making payments in summer 2009. and $3,000 of that loan are for classes that i didnt start taking yet. when i drop out will i have to pay it all back. will they make me start now?

Public Comments

1. You need to talk to them about the $3000 and see about getting that off the loan. If you dropped when you could get a full refund, you should get the refund. If you waited, even though you didn't take the classes, you owe the money. You usually have to start paying back loans 6 months after you are out of school either by quitting or graduating.