What effects could voluntary auto repo have on student loans chances?
I had really crappy credit and was able to get a student loan. Student loans aren’t the same as bank loans, you fill them out along with your federal grant application and they base the award on factors like what year you are in, if you’ve progressed since the last loan (so you can’t be a freshman for five years), if you’re making acceptable grades (C average) and your need. Sign up for everything, grants, work study and loans so the loans will be the smallest award since the others will cover the rest of it – and you will have less debt in the end. And turn your car in and cut your losses.
