We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.
My school closed and now I cant graduate. What happens to my private student loans?
Answer:
Generally, if you have private student loans, you will remain responsible for repaying this debt.
However, some states may have programs that assist students with private student loans in the event of a school closure. In addition, some private student lenders may offer options to assist certain borrowers in this situation.
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