Student Loan and US green card

[Dr_Eng_X 0]

I tried to find information before posting, however, I could not. Can 

[Crazy Cat 39,897]

Can you be more specific, please?  Thanks

[Dr_Eng_X 0]

Sorry, I did not finish this post. What will happen to a student loan, that can't be paid and under loan repayment plan for 5 years, then the student found a job in US.

[appleblossom 1,531]

1 minute ago, Dr_Eng_X said:

Sorry, I did not finish this post. What will happen to a student loan, that can't be paid and under loan repayment plan for 5 years, then the student found a job in US.

 

The student just pays it back from the US. 

[Dr_Eng_X 0]

The job is not enough to pay the student loan

[Crazy Cat 39,897]

6 hours ago, Dr_Eng_X said:

The job is not enough to pay the student loan

Maybe get an additional job to boost income.

Edited July 4, 2023 by Crazy Cat

[Dr_Eng_X 0]

7 minutes ago, Crazy Cat said:

Maybe get an additional job.

How about bankruptcy?

[Adventine 3,187]

Bankruptcy is only an option if they're willing to trash their credit for some years. A bad credit score means more difficulty getting approved for mortgages or car loans, and more expensive interest rates if you do get approved. Some landlords won't rent to people with bad credit. Some employers won't hire them, either.

 

From what I understand, the student loans were incurred in a different country than the US. So depending on that country's laws, it could end up trashing that person's credit in two countries. 

[Ontarkie 13,992]

Can't bankrupt student loans in Canada unless the laws have changed. 

 

Work out a payment plan with them or tell them you are only paying a certain amount if they don't like it tell them to stick it where the sun doesn't shine. 

 

Once they have your US information they will hound you. Try not to give them any US info and work out a payment plan while still in Canada.  My experience is they will stop working with you when they know you left Canada

[Dr_Eng_X 0]

8 hours ago, Adventine said:

From what I understand, the student loans were incurred in a different country than the US. So depending on that country's laws, it could end up trashing that person's credit in two countries. 

Based on what? On what basis? Have you had an experience?

[igoyougoduke 1,622]

student loans dont go away cause you file bankruptcy.  if it was so, everyone will do it 

[Dr_Eng_X 0]

4 hours ago, Ontarkie said:

Can't bankrupt student loans in Canada unless the laws have changed. 

 

Work out a payment plan with them or tell them you are only paying a certain amount if they don't like it tell them to stick it where the sun doesn't shine. 

 

Once they have your US information they will hound you. Try not to give them any US info and work out a payment plan while still in Canada.  My experience is they will stop working with you when they know you left Canada

may be you are right about bankrupcy

Edited July 5, 2023 by Dr_Eng_X